The Beginning Of The End
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65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty

65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty - Photo by Larali21Do you believe that economic trouble is coming in 2013?  If so, you have a lot of company.  According to a brand new Gallup poll that was just released, 65 percent of Americans believe that 2013 will be a year of "economic difficulty" while only 33 percent of Americans believe that 2013 will be a year of "economic prosperity".  Gallup has been asking this question for a lot of years, and the percentage of Americans that are anticipating economic difficulty in the year ahead has not been this high since the early 1980s.  And without a doubt, there are a whole lot of reasons to be deeply concerned about the economy as we head into the new year.  But it isn't just 2013 that Americans are pessimistic about.  According to the new Gallup poll, 50 percent of all Americans believe that the best days of America are behind us, and only 47 percent of all Americans believe that the best days of America are ahead of us.  Those are very sobering numbers.  Half the country believes that it is only downhill from here for the United States.  Unfortunately, they are exactly right.  Things are rapidly going to get worse for our economy and for our nation as a whole.  We are going to start reaping the consequences of decades of very foolish decisions, and the pain is going to be immense.

Gallup asked some other very interesting questions as well.  The following are some of the other results from the poll...

-68 percent of Americans believe that 2013 will be a year of rising crime rates.

-57 percent of Americans believe that 2013 will be a year in which American power will decline in the world.

-82 percent of Americans believe that 2013 will be a year in which taxes in the United States will rise.

So why are so many people so pessimistic as we enter 2013?

That is a good question.  I think that a lot of people are starting to wake up and are realizing the gigantic problems that are staring the U.S. right in the face.

Even our friends over in Europe can see what is happening to us.  We are like a former athletic champion that is now clearly on the wrong side of "middle age" and is exhibiting obvious signs of decline.  We still like to think of ourselves as "the champ", but the truth is that we are fat, lazy, broken down and bankrupt.  The following is a brief excerpt from an article that appeared in a major UK news source the other day...

The rest of the world — dangerously reliant on a buoyant U.S. — should note one thing above all: the fundamentals of America’s economy are, frankly, terrible, and its international dominance is not nearly as assured as it once was.

Its economic culture has started to change since President Obama entered the White House four years ago this month.

America more closely resembles Europe in living beyond its means and in the President’s determination to build a massive welfare state.

The mainstream media and most of our politicians endlessly proclaim that things are about to turn around and that a "recovery" is on the way, but that is not even close to the truth.

Fortunately, a few of our politicians realize what is really happening and are willing to talk about it.  Unfortunately, not enough people are listening to them.

For example, Ron Paul has a really good grasp on how destructive the U.S. national debt is and how we are literally destroying the bright future that our children and our grandchildren should have had.  The following is what he posted on his Facebook page the other day about the "fiscal cliff deal" that just got pushed through Congress...

We Are Already Over the Fiscal Cliff

2 January 2013

Despite claims that the Administration and Congress saved America from the fiscal cliff with an early morning vote today, the fact is that government spending has already pushed Americans over the cliff. Only serious reductions in federal spending will stop the cliff dive from ending in a crash landing, yet the events of this past month show that most elected officials remain committed to expanding the welfare-warfare state.

While there was much hand-wringing over the “draconian” cuts that would be imposed by sequestration, in fact sequestration does not cut spending at all. Under the sequestration plan, government spending will increase by 1.6 trillion over the next eight years. Congress calls this a cut because without sequestration spending will increase by 1.7 trillion over the same time frame. Either way it is an increase in spending.

Yet even these minuscule cuts in the “projected rate of spending” were too much for Washington politicians to bear. The last minute “deal” was the worst of both worlds: higher taxes on nearly all Americans now and a promise to revisit these modest reductions in spending growth two months down the road. We were here before, when in 2011 Republicans demanded these automatic modest decreases in government growth down the road in exchange for a massive increase in the debt ceiling. As the time drew closer, both parties clamored to avoid even these modest moves.

Make no mistake: the spending addiction is a bipartisan problem. It is generally believed that one party refuses to accept any reductions in military spending while the other party refuses to accept any serious reductions in domestic welfare programs. In fact, both parties support increases in both military and domestic welfare spending. The two parties may disagree on some details of what kind of military or domestic welfare spending they favor, but they do agree that they both need to increase. This is what is called “bipartisanship” in Washington.

While the media played up the drama of the down-to-the-wire negotiations, there was never any real chance that a deal would not be worked out. It was just drama. That is how Washington operates. As it happened, a small handful of Congressional and Administration leaders gathered in the dark of the night behind closed doors to hammer out a deal that would be shoved down the throats of Members whose constituents had been told repeatedly that the world would end if this miniscule decrease in the rate of government spending was allowed to go through.

While many on both sides express satisfaction that this deal only increases taxes on the “rich,” most Americans will see more of their paycheck going to Washington because of the deal. The Tax Policy Center has estimated that 77 percent of Americans would see higher taxes because of the elimination of the payroll tax cut.

The arguments against the automatic “cuts” in military spending were particularly dishonest. Hawks on both sides warned of doom and gloom if, as the plan called for, the defense budget would have returned to 2007 levels of spending! Does anybody really believe that our defense spending was woefully inadequate just five years ago? And since 2007 we have been told that the wars in Iraq and Afghanistan are winding down. According to the Congressional Budget Office, over the next eight years military spending would increase 20 percent without the sequester and would increase 18 percent with the sequester. And this is what is called a dangerous reduction in defense spending?

Ironically, some of the members who are most vocal against tax increases and in favor of cuts to domestic spending are the biggest opponents of cutting a penny from the Pentagon budget. Over and over we were told of the hundreds of thousands of jobs that would be lost should military spending be returned to 2007 levels. Is it really healthy to think of our defense budget as a jobs program? Many of these allegedly free-market members sound more Keynesian than Paul Krugman when they praise the economic “stimulus” created by militarism.

As Chris Preble of the Cato Institute wrote recently, “It’s easy to focus exclusively on the companies and individuals hurt by the cuts and forget that the taxed wealth that funded them is being employed elsewhere.”

While Congress ultimately bears responsibility for deficit spending, we must never forget that the Federal Reserve is the chief enabler of deficit spending. Without a central bank eager to monetize the debt, Congress would be unable to fund the welfare-warfare state without imposing unacceptable levels of taxation on the American people. Of course, the Federal Reserve’s policies do impose an “inflation” tax on the American people; however, since this tax is hidden Congress does not fear the same public backlash it would experience if it directly raised income taxes.

I have little hope that a majority of Congress and the President will change their ways and support real spending reductions unless forced to by an economic crisis or by a change in people’s attitudes toward government. Fortunately, increasing numbers of Americans are awakening to the dangers posed by the growth of the welfare-warfare state. Hopefully this movement will continue to grow and force the politicians to reverse course before government spending, taxing, and inflation destroys our economy entirely.

It was good that Ron Paul placed blame on both political parties and on the Federal Reserve for our debt problems.

The Federal Reserve is not often talked about much when it comes to assigning blame for the debt, but it truly is one of the primary reasons why our debt is so enormous today.  The Federal Reserve system was designed to be a perpetual government debt machine, and it has accomplished that task very well.

When the Federal Reserve was first created, the total U.S. national debt was less than 3 billion dollars.

That is about as much as we add to the U.S. national debt every single day at this point.

And since Ben Bernanke took the reigns at the Fed, our debt problems have greatly accelerated.

The U.S. national debt has more than doubled from a little over $8 trillion to more than $16.4 trillion since Ben Bernanke became chairman of the Federal Reserve in 2006.

But disaster has not struck yet, so most Americans think that everything must be okay.

Well, if you want to ignore all of the evidence of our impending economic demise, go ahead and do that.  Go on lots of expensive vacations, run up your credit cards, buy a new boat and party like its 1999.  Enjoy every minute of our debt-fueled prosperity while you still can.  You only live once, right?

But if you are wise, you will try to understand what is coming and you will make preparations so that you and your family will be able to withstand the storm that is coming.  Here are some basic steps that I suggest...

-Use this time of relative prosperity to work hard and make money while you still can.  You want to store up your finances during the good times to help you get through the lean times.

-Get out of debt.  You don't want massive amounts of debt weighing you down when things get really hard.

-Get more independent of the world system.  Start a side business in the evenings and the weekends.  Learn how to grow your own food.  Get your house off of the grid if possible.  Anything you can do to become more independent and more self-sufficient is good.

-Store food and other essential supplies.  Right now we take for granted that the supermarkets and the big box stores will always be packed with mountains of quality goods at affordable prices.  That may not always be the case.  You want to be prepared for whatever may happen.

For even more tips, please see my previous article entitled "How To Prepare For The Difficult Years Ahead".

All bubbles eventually burst.

Our national debt bubble will eventually burst.

The derivatives bubble will eventually burst.

The consumer debt bubble will eventually burst.

When those bubbles burst, will you be ready?

I hope and pray that you will.

2013 - Time Is Running Out

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  • http://www.facebook.com/profile.php?id=100000712996024 Shane L Harris

    Why does what they believe matter?

  • Mark

    I like your new hour glass picture.

  • Mark

    Many americans have become lazy, they expect food stamps or social security to go on forever. At least when they get done destroying the dollar and it is worth very little, our government can dump the Fed and print the dollars to give to the bond holders to pay off the bonds. Hey, they can even offer the bondholders double their money. We do not even need to waste good paper to print the cash, we could just credit the funds to their bank account. LOL Their is a fool born every minute, did you hear that China, Japan, England and all the rest that we owe dollars to.

    I saw this today and it was well said.

    “We recently had dinner with the
    deputy governor of the bank of japan, he just finished a speech denouncing
    money printing, or quantitative easing. We said ‘Wait a minute, when you expand your balance sheet to buy bonds,
    we call that money printing, what do you call it?’ He conferred with his advisers, came back and said, ‘When the market tells us it’s money printing, it’ll be money
    printing. When the rates go up and not down when we buy bonds, THEN it’s
    monetizing the deficit.” LOL

    • http://profile.yahoo.com/ZU37XPHGDAXDK5VTZIVJD45W2E Sorcha The Dark Eyed Elf

      With all due respect, not all Americans who are on government support are on it because they are lazy, and I say that if the government politicians continue to line their pockets by taking American’s jobs away from them, then they by all means ought to provide for their slighted citizens, out of their own pockets of course.

      Socialism is not a bad thing, it is only bad when handled incompetently and then ceases to be socialism. Socialism does not imply that a few people work to provide for everyone else, a common misconception that reeks of capitalist propaganda. Socialism is the state in which you work and contribute to the rest of society in which all other citizens also contribute to society. In the free market, you DO NOT enjoy the fruits of your labours. We saw that during industrial times in which many of those who worked their arses off ended up dying miserably because they had gotten injured and could no longer work. At least in a socialist state, you are guaranteed healthcare so that when you do get injured you are taken care of, which you rightly deserve if you contributed to the system. Not so in a capitalist state in which you are forced to pay ungodly high rates for your own capitalised healthcare which you may or may not be able to afford.

      Also, you need not attack social security. Those of us who pay into the system for our whole working lives, kinda deserve the right to live a decent retirement. Attack those who scam social security, not those who deserve it.

      • 2Gary2

        excellent post–I doubt any low information conservatives will get it and will call for you to move to North Korea or Cuba in their ignorance

        • Hambone

          Not exactly… you both can stay put. North Korea and China are moving here.

          • Ralfine

            China is only good foor the rich. Then you can live in your island and pretend the world outside does not exist. But then, why live in China when you are rich?

          • davidmpark

            China has problems you wouldn’t believe! The biggest one that is ruining the place (including India, Japan, Middle East, and Russia) isn’t communism; it’s incest. They have a massive shortage of women due to abortions and child policy; so the guy’s get it where they can. This led to a terrible outbreak of STD’s; dominant strain: HIV. The majority of their military is also infected. When we hit collapse and the worldwide chain reaction takes place, the situation there and elsewhere will be much, much worse than for us.

          • Ralfine

            i lived there for 20 years.
            with 1 child per family, incest is no problem.
            hiv problem comes from blood plasma donation and ignorance.
            plasma: you donate 1 liter blood, it goes into a centrifugue the plasma is separated and the leftover goes back to you, plus some saline solution.
            in china the blood of the donors were mixed before plasma separation, so diseases were distributed to all donors.
            ignorance: “hiv is a western disease, chinese dont have it”
            “there are no prostitutes in china, because prostitution is illegal”

            book: “the coming collapse of china” it’s about 10 years old.

          • davidmpark

            Yeah, I got my info from multiple med pubs: can’t rely on one source.

          • Ralfine

            north korea is consulting german businessmen on how to open the country for business.

      • cleo

        I am unaware of anywhere on the planet where socialism works where the people are happy. Only the handlers are happy

        • Nickelthrower

          Germany. I lived for 5 years in Germany. Little Germany (about the size of Arizona) out exports the United States. Its socialized health care system was 2nd to none – I never had to wait to see a doctor. Its public transportation system is nothing short of amazing – it was totally unnecessary to own a car regardless of where you happened to live.

          If you have a baby then you get two years of paid maternity leave and, yes, your job will be waiting for you when you return. Since the first two years of life permanently decides the disposition of a person, this investment in the very young makes for a much happier, healthier and less crime prone society.

          Nearly all jobs are unionized to include Walmart and McDonald’s. Workers make a living wage and SURPRISE, it didn’t bankrupt those companies.

          I could go on and on about their superior education system, criminal justice system or pure food laws but I’m guessing that you get the point.

          Oh yeah, I paid LOWER taxes in Germany than I do in California.

          BTW, how many other countries have you lived in? Just wondering.

          • ian

            amen. i grow tired of the fear mongering about socialism. It works far better than capitalism when done correctly.

          • JustanOguy

            Socialism does not work when half of the people are looking to take and not produce.

            Inner cities of Germany, etc… are NOWHERE like the inner cities of the U.S.

          • Ralfine

            yeah, much less shootings

          • davidmpark

            That’s why socialism relies on forcing people to work at gunpoint.

          • http://profile.yahoo.com/ZU37XPHGDAXDK5VTZIVJD45W2E Sorcha The Dark Eyed Elf

            No, you don’t need a gun to persuade people to work. Simply deny them the benefits they don’t deserve when they don’t contribute to the system.

          • davidmpark

            Again, it’s control through force. That’s why we will have civil war: Free men will not tolerate slavery to socialism. It is no better than death.

          • Mark

            You mean you would starve them to death? You sound like an evil capitalist. LOL

          • Ralfine

            yes, but it works fine when everyone is contributing.
            capitalism only works when half the people dont care who controls them.

          • Hammerstrike

            Socialism works when those who doesn´t work doesn´t get to eat.

          • http://profile.yahoo.com/ZU37XPHGDAXDK5VTZIVJD45W2E Sorcha The Dark Eyed Elf

            In most people’s narrow minds, they still can not fathom that Socialism means that EVERYONE contributes, hence it’s name. They believe the lies of Capitalist propaganda that propagates the belief that a handle full of people work for everyone in a socialist society.

          • Mark

            How do you intend to make the lazy one do their fair share of work or the ones that do not agree with you. Uncle Joe and Mao had their methods.

          • Hammerstrike

            This propaganda netherless attracts the attention of individuals who do want others to work for them, hence the western countries have the kind of left it has today. A bunch of bleating morons only interested in defending the rights of welfare parasites, illegals and criminals over the interest of the workers , the idea of a society where everyone contributes is simply absent from many of them.

            There is also the “democide” aspect, the claims that the sovietic governement alone eliminated 10 to 110 millions of its own populations, the anti.communist and anti-socialist propaganda is not only laughably, obvious but also flat out impossible and self-contradicting.

            At least, while current societies are suspiciously defensive of it, the holcaust doesn´t vary from 3 millions jews to 50 millions jews and 20 millions gypsies or that Mussolini and Franco had their own fart chambers.

          • 2Gary2

            amen! every time you mention spreading the wealth the low information conservatives yell north korea. They are so dumb.

            I think a person is MORE free in Germany than in the USA. Free to not worry about starving in the street, free to not worry about healthcare (or lack thereof) etc.

          • JustanOguy

            Some truth to that Gary… but Germany is not polluted with lazy, fat retards like the U.S.

            The U.S. spends more money on the “War” on drugs and the Prison system then Germany spends on Public Healthcare.

            You are trying to compare apples to oranges here.

            You’d have to get rid of about 40% of the non-producing population in the U.S. to have anything comparable to Germany and something that somewhat works.

          • 2Gary2

            Ok you may be on to something about the 40%…..

          • Hammerstrike

            You don´t really have a choice, either you get rid of them or they get rid of you.

          • http://profile.yahoo.com/ZU37XPHGDAXDK5VTZIVJD45W2E Sorcha The Dark Eyed Elf

            Some people believe in freedom for themselves, but screw everyone else. Some conservatives are this way.

          • 2Gary2

            conservatives are by and large the most selfish afraid people. In their zeal to make sure some poor person does not get something for nothing they give away the store to the rich and corporations.

          • El Pollo de Oro

            Ian: Here’s the ironic part. You are politically liberal and endorse “socialism” but think all this talk about how bad things are in the BRA is exaggerated. As you see it, the economy is in terrific shape, and Americans need to buck up and quit whining. Yet Michael T. Snyder is a right-of-center, libertarian-leaning Ron Paul supporter, and he is the “bleeding heart” who is worried about the hardships of the BRA’s neo-poor and dying middle class. How ironic is that?

          • Ralfine

            There is no socialism in unified Germany. It is still called capitalism.

            Socialism was done in the Eastern Bloc, including Eastern Germany. But since the walll came down, there is no need for the West to play nice anymore, and Germany is following the American way.

            However, people in every country are moaning about how bad it is, and next minute are rejoicing about how superior their country is compared with all others.

            I like Hong Kong. Max. 15% income tax, no VAT.

            But also no welfare, and no regard for the environment. The only business in HK are traders, lawyers, accountants and gambling.

            All production is done in China, and the pollution made in China is brought to HK by the wind and rivers. Those people making the profit, have their companies registered in the Bahamas. And they themselves have American or Australian passports.

            If New Zealand wouldn’t be so far away from my family, I’d like to live there.

          • Nickelthrower

            Yes, except New Zealand has begun to put harsh quotas on the number of immigrants it will allow to move there.

          • Hambone

            I spent 8 years in Germany (in two separate, 4-year clips). Everything you describe is true, but I will also tell you the Germans abuse it. I had German nationals in my office, and they could drive a man to drink.

            Women would get a job, get pregnant and take the 2-year PAID leave. It wasn’t the full salary, but it still cost the employer.

            90% of the Germans in my office took the one-month medical leave, and about 90% of those had manufactured reasons to take it. They went to a spa for a month for stress relief therapy.

            Yeah, you make it sound like a Utopia, but all of that luxury comes on the backs of the entire society, who has to pay for it. As a result, a great many of them don’t excactly break their backs working. Of course, there are exceptions, but by in large they walked around with their hands out, expecting their next entitlement.

            You like Germany? You can have it.

            I do agree with you about public transportation. They kick our butts in that arena, but as you noted, the entire country is the size of one of our states.

          • Ralfine

            Well, until about 2 years ago those lazy Germans exported more than China or any other country.

            You see, without workers nobody would make any profit. So the workers just demand their fair share.
            Whichever way they can.

            You chuck me out of work? You don’t want me to work? Then you pay for my living expenses via the tax you pay!

            Don’t forget, it’s the businesses that make alll those government regulations via their lobbyists. The poor social security welfare recipient doesn’t have a voice in government.

          • El Pollo de Oro

            I think Europe in general kicks our butts when it comes to public transportation. The only European city I’ve visited that had lousy public transportation was Belfast, Northern Ireland (busses ran infrequently, quit running early–some didn’t run at all on Sundays). London, Madrid, Rome, Barcelona, Paris, Milan, Athens, Lisbon, Dublin and other cities I’ve been to are very easy to get around in without a car.

          • Ralfine

            Forget public transport on a sunday in England. on christmas day we didnt have a single bus around here. combine that with early closing shops in the week and you know why online sales is skyrocketing

          • Mondobeyondo

            Most western U.S. cities are far more car dependent than eastern cities are. Back East, cities are older – places like New York, Philly, Baltimore, Chicago, etc. had much of their infrastructure built before automobiles were invented. Their populations are dense and you can walk to many places you need to get to, or take the train, like the “A” train in New York (thanks, Duke Ellington!), or the “El” in Chicago.

            Places like Dallas, Las Vegas, Phoenix, Los Angeles (especially L.A.!) saw much of their boom during the automobile age. Public transportation is limited, and in some cases, almost nonexistent. Need to go somewhere? Hop in the car. No need for a bus or light rail system. These cities are slowly waking up though. San Francisco now has BART (Bay Area Rapid Transit), L.A. and Phoenix both have light rail.

          • El Pollo de Oro

            Here in Philly, it’s relatively easy to function without a car. I live about three miles from Center City (the downtown area), and a bus that stops about six blocks from my house runs 24 hours. Mass transit in Philly isn’t as good as what I’ve seen in a lot of European cities, but it’s much better than what most of the BRA has.

          • JustanOguy

            You also have to keep in mind that all of these cities were built before anybody even knew what a car was.

            Unlike suburbanland in the U.S. where the car encouraged people to live outside of the inner city blight.

          • RealityIsNotOptional

            Wait till the inflation hits from the bailout of the European Union and it’s subsequent debt defaults.

          • JustanOguy

            I lived in Germany and you needed a car.

            Other then that… 90%+ of Germans are hard working people…. Unlike 40%+ of Americans.

            AKA — You’ll never have a system in the U.S. where everybody pays their “fair” share because so many “Take” more then their fair share.

          • Nickelthrower

            No need for a car. I lived in a small town outside of Frankfurt and a little electric “Mr. Rogers” street car picked me up a block away from my home. It came every 7 minutes. It took me to the train station in the next town over where, right on time, was my high speed train to Frankfurt. When I arrived in Frankfurt, I took the escalator down right to the subway that dropped me off at my work.

            The whole thing took me about 45 minutes whereas a similar public transit commute in the USA would take me the better part of an entire work day.

          • JustanOguy

            Lucky you. I lived in a small farm town about an hour outside of Frankfurt and we had no such luxury.

            You had to have a car.

          • Nickelthrower

            Fair enough. They are not going to put electric street cars in a tiny hamlet. I’m guessing, though, that you couldn’t have been more than 15 minutes away from a town with a train station.

          • RealityIsNotOptional

            So why don’t you give up your U.S. citizenship and go live in Germany?
            Auf Wiedersehen!

          • Nickelthrower

            As quickly as I can. I’m moving my business to a nice Caribbean Island and, lucky for me, my mother is not an American citizen.

            You guys can have your failed country with its half literate children, obese population addicted to pharmaceuticals and your failed crony capitalism.

            Any other questions?

          • RealityIsNotOptional

            After America’s economic/military fall China, Russia & India will move in to claim most of Europe along with those Carribean Islands.

          • http://profile.yahoo.com/ZU37XPHGDAXDK5VTZIVJD45W2E Sorcha The Dark Eyed Elf

            Your right. I am a socialist myself, but there are some societies where it could never work. America is a rugged individualist culture, a ME culture.

          • Maria

            I admire all amenities you enjoyed in German.It is oxymoron that because of the German policy as it is expressed within the EU the Greek health care system has been trivialised.

            You know, recently because of this policy the Greek doctors are imposed to prescribe generic drugs.

            Record numbers are forced to hand in their car registration plates to the tax office.Austerity has forced many car owners to relinquish their vehicles.

            Oh Yeah, You can paid lower taxes as the south Europeans provide the surplus of Germany.

            You know for the same reason for a growing number, the food in garbage bins helps make ends meet..

            No, no I respect the Germans and we don’t accuse of them but I know by heart that the root of the evil is the Germany policy i.e the politicians.

          • Ralfine

            generic drugs are the same as patented drugs, just a few years older. a patent lasts 20 years, development 15 years, so the pharma company has 5 years patent protection before any chemical company can copy the drug for much less costs.

          • Maria

            @Ralfine it is strange that generic drugs (from India and China) are allowed in Greece but not in Germany.And they are allowed after the austerity program

          • Ralfine

            I wouldnt want chinese drugs either. even chinese wont want them if they have a choice. too risky they use industrial chemicals.

          • Mondobeyondo

            How did Germany become such an economic powerhouse – after it was literally leveled to the ground 75 years ago? Makes you wonder…

          • Nickelthrower

            Easy. The Germans are very very practical people. Take education for example. When a German child enters high school, the state takes a good hard look at what the student has already accomplished on the public dime. The kids are immediately divided into three tracks.

            1. Kids that are not “book smart” get to go to a two year high school. The state will then work to apprentice them off to plumbers and bricklayers etc.

            2. Kids that are somewhat book smart get to go to the 3 year high school. Upon completion from that, the state will work to apprentice them off to BMW or other high tech manufacturing.

            3. Kids that are very book smart get to go to the 4 year high school. These are the future doctors and lawyers and engineers. As long as they do well, the state will continue to pay for school.

            Can you imagine that in this country?
            You’d have every minority group in this nation up in arms.

            Next, if a corporation abandons a factory or other commercial property, they have 5 years to put it back to work or it becomes the property of the community.

            Smart.

          • Ralfine

            high school in germany is 6-7 years, and education is free up to and including university.
            if you dont pass the exam at the end of the year, you cant continue. no point
            nothing to do with state and minorities.

          • Nickelthrower

            Well, as it was explained to me by my German wife and her friends, they were tracked at the end of 8th grade. The length of time they were going to spend in high school was decided BEFORE they entered high school.

            Now, this was the state of Hessen and my wife would have entered high school in 1980 so, perhaps, things have changed a bit.

            You are correct in that education is free until failure.

            Finally, given the academic performance of some of our minority groups, there would be screaming and wailing if we separated our kids based on performance.

          • davidmpark

            The US opened bases there to fend off the Soviets and round up the Nazi’s that escaped (Dr. Mengele is still at large). A lot of US dollars went into rebuilding Germany.

          • Ralfine

            the cold war was quite interesting.
            the americans were on the lookout for nazis so they could build them the moon rockets and get their resupts from human experimentation in chemical and biological weapons. for the same reasons lots of japanese war criminals werent prosecuted.
            the russians demolished the east part of germany and carried all industry and railway lines back to russia as replacement for what the germans destroyed. the last pow left siberian labor camps in 1955. at that time the americans were pumping money into germany as fortress against russia.

          • Hammerstrike

            Horseshit, Holland got more of the Marshall Plan than Germany.
            Germany on the other hand, paid for europe.

          • Hopefortomorrow

            Amazing…until people have lived in socialized countries they’re opinion is null and void. My dream is to live, heck even visit Germany one day.

        • 2Gary2

          Norway, Sweden, Denmark I could go on. You really have to be pretty low information cleo to post what you did.

          These are facts that you can google on your own.

          • JustanOguy

            Hmmm… I think it’s time for you to learn the demographics of those countries and how it compares to the U.S. before you think the same system would work in the U.S.

          • 2Gary2

            first the question was where does socialism work well, now you do not address what I said but say some crap about demographics?? I guess you at least agree socialism does work well.

      • Mark

        Social Security was sold to the
        public as old age insurance. The only problem with that was that it was
        unconstitutional so that just like Obamacare, the Court let it go through as a tax. It does not matter that they tried to sell something that they could not
        sell. They just kept the big lie going and even though it is false, Grandma
        thinks that it is her right to collect more every year.
        You might disagree about Social Security
        being an entitlement, but you should read the ruling passed by the Supreme
        Court in1937. That would be Helvring vs Davis. The holding states that the
        funds collected from the employer and the employee must go into the general
        treasury and the funds can’t be earmarked for a special purpose. That makes it just a tax and we do not have a claim on any tax. How the congress crooks spend it is up to them. They chose to hand out an entitlement and set the rules to receive it each month. The rules might be different, but it still sounds like
        welfare to me.The court also ruled in Flemming vs Nestor that you do not have
        any right to collect Social Security, that Congress crooks can change the rules
        at any time. The original 1935 Social Security Act in Section 1104 states: the
        right to alter, amend, repeal, any provision of this Act is hereby reserved to
        the Congress crooks. I believe that settles the disagreement in the reading of
        the law. They promised you a rose garden, then by law and their choice turned it into a patch of weeds. There is not any Social Security Trust Fund, it is
        made up of a bunch of worthless bonds that can’t be sold to the public. Another
        word for the trust funds would be that they are just IOU’s from the government
        that they do not have to pay back.

        Socialism has never worked for any length of time. Ask the Soviets how it worked out for them.Ask the east germans how it worked for them. It only works in your mind when you drink the lefts cool-aid. Why do those in Canada come over the border if they can afford health care in the USA. They are willing to pay for it here instead of using a free service in Canada. That sure tells me about the quality of government health care. So much for your guaranty, you can have it. You see, we look at life in different ways from each other. You are happy to live in a bird cage and let the government feed you through the bars. You like order imposed on you by a government in exchange for that government you take care of you from cradle to grave. I desire the freedom to choose how I live, the doctor is see, the treatment I pay for, the food I eat, the education and profession I want, the size and place of the house I can afford, the type of car I can afford to buy, the religion if I so choose to practice and live by. The freedom to own guns inorder to defend my family. Socialists always take away the guns because they know that when you run out of spending other peoples money and the economy breaks down, the socialist government becomes a police state and they do not want the public to force those in power to their knees as they, the citizens desire to live free again.

        • Ralfine

          Well, communism is even better:

          Everyone gives what he can and receives what he needs.

          But then, you can’t force a system. It needs to evolve by economic necessity.

          And after czarism, there wasn’t a need for communism in Russia, but for capitalism. Communism does not work with giving orders and following orders. It works fine in capitalism, but not communism.

          Please contradict me: the CEO gives the order and you don’t need to follow, right? You have the freedom to do what you want without losing your livelihoood?

          Very unlikely. You don’t folllow the order of the CEO and you will starve.

          That’s capitalism. Command and control.

          People who don’t own anything have to selll themselves to survive.
          People who have property do not need to work, but live purely out of the work of others.
          And it does not matter how they got this property, whether their ancestors got this property by stealing and murdering.

          But one thing is sure: you can’t get rich by honest and hard work alone.

          And Mark: how much did you pay the Indians for your land?

          • Mark

            Ralfine, which Indian tribe should I have paid. The Indians, like other cultures through out history have have taken land by force from others that held the land at one time or another. How far back should we go to find the rightful owner. I have been told that my 260 or so acres is too much land for 2 people to own and it is not fair. That is language from a communist, but you don’t not use the same BS logic when the left claims that a small tribe claimed ownership of hundreds of square miles of unused land and I stole the land from them. Every square inch of this world has been stolen as you call it by someone else at some point in time.

            As to your comment, “everyone gives what he can and recieves what he needs” only works in your dreams. The problem with your communist utopia is always the same. Who will decide what my needs are. If you do not like the amount you recieved, sorry that is the way it is. You know, “some are more equal than others” Do we all live in the same little box on the hillside. Some boxes always end up bigger or better than another. It could be that you built the box a bit larger and then someone thinks that they should have that larger box. You do not own that box, so who decides the one to live in the nice box that you built. Now we have the powerful leaders to decide the box question. Or, do the others that live around you get to vote on who gets to live in that nice box. They might like Tom more than they like you, so Tom gets the nice box. Would you really want to live in a system such as that.

          • Ralfine

            Take what you want. I’ll move away, and you won’t have a box maker anymore.
            BTW, how much do you pay Michael? Doesn’t he provide this website and you get the information you need? Doesn’t work, huh?

        • Mondobeyondo

          Yes, Social Security was intended to be old-age insurance, in a time (1935) when there were no safety nets, besides family, to help the elderly. It was never meant to be the sole source of income for those in their senior years. The same can be said for LBJ’s Great Society programs. Medicare, Medicaid, Aid to Dependent Children, unemployment insurance, etc. were supposed to be assistance – a hand up to get you back on your feet, not a way of life!

          Unfortunately, that’s exactly what it has become for so many people.

      • erheault

        Uncle Joe Stalin perfected that and look at what happened to Russia during hie rein. the same can happen here if we allow the government to take over our rights and liberty. Many people have given their lives so we can live free.

    • Mondobeyondo

      There is no such thing as free money. There is no magic money tree with hundred dollar leaves. Real wealth comes from real labor. It takes labor, mining, refining, minting, etc. to turn precious metals into coins, jewelry, or other valuable items. It takes a banker a few keystrokes to create $1,000,000. That’s not labor. That’s false prosperity. But most people fall for it.

      To paraphrase Gerald Celente, “Our money is as valuable as the paper it’s not printed on.”

      • Mark

        That’s right Mondo, a fellow that was running for Congress had a great observation, when we stopped building factories and replaced them with office buildings, we stopped creating real wealth. Our service economy is just fake wealth. I don’t need to pay someone how to tell me where to invest my real wealth into some fake wealth like a government bond.

  • Traffix

    I am looking forward to this year, I decided to have a great year no matter what.

    • Mondobeyondo

      I’m gonna try to have a great year as well. Even though the road is going to be extremely bumpy. (City couldn’t afford to make street improvements.)

  • markthetruth

    lost another 11,000 manufacturing jobs in dec. and created government funded construction jobs, and temp holiday service jobs.

    I do my own home repair and yard work.

    The “Grass is greener on the other side” these days only because the Mexicans and Co. owners want money so they cut it taller and it grows faster and home owner waste alot of money over watering it .

    the end…

  • 2Gary2

    It’s undertaxed corporations and billionaires who are living beyond our nation’s means, by claiming an inordinate and unearned share of our nation’s wealth and not paying their fair share of taxes for it.
    We have the means to be the country we’ve always been. What we’ve lacked is the political will to buck the moneyed forces who are dismantling a system that’s worked for 75 years.
    Ours is a country that won two world wars. We once led the world in economic growth and blazed the way in science, technology, and the arts. We decided to send human beings to the moon and back in ten years … and did it.
    Now we’re told it’s “beyond our means” to live as well as we did in 1969. There’s a word for that, but it’s not printable.

    • http://www.facebook.com/people/Joe-Palladino/100001624813101 Joe Palladino

      You have a friend? I doubt that.

    • Mark

      Gary, you need to add up all the regulations that have been forced on our backs since 1969. Let’s get rid of all those rules and regulations put in place after 1969. Let’s cut the budget back to 1969. Let’s just offer the government services that we had in 1969. Our dollar was still backed with gold in 1969. Our debt was small compared to today in 1969. One thing I did not like from 1969 was the Democrat war we were still in in 1969.

      • Ralfine

        You just need to cut down on the attack and invasion budget and reduce the wars to zero.

        Bush spent a trillion a year on war.

        That money just exploded, and when used in friendly fire created even more expenses.

      • 2Gary2

        without regulations capitalism will always fail as it has been the last decade. Deregulation=decriminalization for the most part. Look at the oil spills etc.

        Business needs to be MORE regulated not less. Business only cares about profit and externalizes as much cost as possible while internalizing the profit. Need to have living wage laws too.

        • Mark

          Gary, you were the one that wanted to go back to 1969.

      • Gay Veteran

        We’re in this mess because the banks were DEregulated

    • Hammerstrike

      WW2, the Soviet-Union built that.

  • 2Gary2

    Right wing lie:2. We need less government spending.

    Progressive truth:The flip side of this delusion is the notion that government spending is our problem. It’s not. In fact, right now it’s the solution.
    We need more jobs to stimulate the economy. Without them, large segments of the population will continue to live in a prolonged state of deprivation unless government does something about it.
    We need more better education and more advancement opportunities for our children. And our roads, bridges and schools are crumbling all around us.
    Spending cuts aren’t even the solution to the Federal deficit – not in the short term. Government spending falls as a percentage of GDP when the whole economy grows – and the way to make it grow is by priming the economic pump and building for the future, not with shortsighted spending cuts.
    Know who’s a real job creator? Someone with a job.

    A friend sent me this.

    • Mark

      Gary, your friend needs a new brain, your friend must have gone to a failed government public school that cost twice as much per year as a private school .All this defict spending and printing dollars to paper it over is destroying our dollar as a reserve currency. This will take as you say, large segments of the population to live in a prolonged state of deprivation as the government continues to do this.The economists that run the Fed need to get a better education and not use monetary policy.for short term goals and blowing bubble after bubble in our economy. The ideas of John Maynard Keynes have not worked out so well. He did not even believe in the governments nonstop priming of the pump as you say. He thought that you could run a deficit during a rough patch and run a surplus the rest of the time. You want along with Obama to run a deficit inorder to fund huge government socialist programs all the time. It does not work Gary, never has and never will. Give up the kool-aid while you still can .Markets need to repair themselves now and then to fix and remove bad investments. When you keep priming the pump all the time as the Fed does today, the market repairs never happen. Look at all the bubbles the Fed blows and then pops and they blow the next one. It does not work in the long run and will collaspe in the end.

    • Ralfine

      Government spending on sewer and bridges and child care: good

      Government spending on bullets, carriers, fuel, funerals: bad

      So, now make a table: the good on the left, the bad on the right.

      Then decide where to apply the cut.

      Right. Cut the child care to pay for bullets.

      • Mark

        Why should the government be involved in paying for child care. Parents should be involved in their childs care. Keep your socialism and extreme interest in children in London, We do not need more socialist ideas put in place in order to repair the damage done from using socialist government programs. One way to define insanity is to keep doing the same thing over and over again and expect a different result. I listen to socialists always talk about how they have to get it just right the next time and it will work. You socialists need to visit your shrink, oh that’s right, the shrinks are socialists too.

        • Hambone

          Actually, you beat me to it. Why would anyone in their right mind want the government involved in child care?

          Can you imagine if there was state-run child care? Heaven help us.

          If Barry tried to do this, I would fake my kids’ disappearance.

          I’m lucky to live in a state that is supportive of home schooling.

          • Ralfine

            wasnt the last school shooter home schooled, too?

        • Ralfine

          told you: cut childcare. who needs children anyway?
          deregulate midwifery as well.
          no more tax benefits for kids,
          allow child labor, after all thats what made england a super power.
          and schools? who needs schools? they are not even profitable.
          so, take the money away from the kids and give it to the gun nuts.

      • davidmpark

        Yeah, that’s what happened. Gov agencies bought something like millions of hollow-point rounds and daycare’s did get their subsidies reduced.

        • Ralfine

          i’ll bet anything that for the war with iran there will be money. even if another $16 trillion have to be borrowed.

          • davidmpark

            Who is the Left’s real enemy? Iranian’s and Islamic terrorists, Right wing Conservatives, or guys like me? So far, actions and rhetoric are pointing to guys like me.

          • Ralfine

            the left usually fight against each other, much like christians (catholics vs protestants) and muslims (shia vs sunni).

          • Ralfine

            the left are usually fighting each other.

          • davidmpark

            Then why is it when they fight each other I and my family get bloodied?! Repubs and Dems fight – we have to pay for it!

          • Ralfine

            Fighters usually don’t care about collateral damage.

          • davidmpark

            Nor does anyone on the Left. And those on the Right allow the Left to do it and get away with it. That’s why there’s a God that rules my family and I: men are too fallible. And He will bring justice and mercy.

    • Hambone

      As someone who has spent some time in the government, I can tell you there is plenty of room to cut spending and still operate efficiently. And I was in the Department of Defense, which is not among the more wasteful departments (at least as far as efficiencies go — I know we spend a lot on things that go boom). Go to some worthless department like the Department of Education or Health and Human Services, and you’ll see some real waste.

      We can cut 80% or more of usless government-funded grants (to study cow farts and such), and we’d be no worse off. We can stop funding things like the BBB, which are better handled in the commercial segment anyway. We can stop giving money away to other countries like Egypt. We can stop funding Planned Parenthood, which is a profitable (and extremely evil) organization. We can reduce overseas military bases in places like Germany, where we haven’t had a mission since the 50′s.

      We can eliminate oversight programs and departments that serve absolutely no purpose (like the ones counting the berries on Mark’s property).

      Bridges, Roads, Police, Military… yes, yes, yes, yes. Those are all good and necessary expenditures of a Government.

      But our government pisses away so much of our hard-earned money on stuff that we would be better off without. And I’m not even close enough to see the real waste.

      Your friend sent me this.

      • 2Gary2

        I have no doubt there is waste in government and in the private sector. I would say the outrageous ceo salaries are waste

      • Mondobeyondo

        I still don’t see the reason why our military is so spread out all over the world. South Korea, the Middle East – okay, I get that. We have to protect our interests and our allies in those regions. But Germany? Japan? Why do we have military bases there? They are fully capable of taking care of themselves. What are WE doing there?

    • Mondobeyondo

      There’s no money left for the government to spend. Well, there is I suppose, just keep printing more money to spend. That’s why we have a $16 trillion debt.

  • Mark

    This is a little off topic. I reiceved a 24 page long with 37 sections to fill out called United States 2012 Census of Agriculture from the government. They really want to know everything that we do or don’t do on the ranch. They even want to know the size of each tractor and the different equipment that we own. They want to know every crop or cow, calf or bull we own. Any hogs or chickens or rabbits. They even want to know about berries on the place or how many eggs produced. We produce millions of wild berries Any labor hired and how many bales of hay cut. How much and what type of fruit. If you sprayed or used fertilizer. If you did organic stuff and so on. This is nuts and if we do not fill this out and send it back, the government threatens you with some kind of penalty. The day of the Agenda 21 article the other day, a robot computer phoned from the government and warned me that I had to fill this garbage out and send it back in when we recieve it in the mail.. It is really none of their business and I have already filled out some of this stuff for my income tax returns.

    • Cleo

      I think there are similar intrusions into our privacy because of Obamacare. Haven’t been to the Doc since last Jan but have heard others talking about playing 20 questions.

    • Ralfine

      Well, it seems you make the transition from the land of plenty to the land of scarcity.

      Only when you need to manage scarce resources you need to find out in every detail how scarce or not a resource actually is.

      And that’s what the state is doing right now with these questionaires.

      So with the drought of last year, and still worse off than a year ago, the government would like to know how far they can take care of the people, and whether they need to look into support by other countries.

      On the other hand, with state and government in the grip of the gun and “defense” lobby, they can’t do much savings there. So they “need” to find ways to squeeze the people in any way possible.

      • Beth

        we live in the Midwest, and the farmers are saying even if we get rainfall, there is no surface water, so this year is not ANOTHER drought, just same drought, different year.

        • davidmpark

          That’s what were afraid of here, too. And our retail food supplies are already 1:2 production to consumption. Food prices and scarcity are what will set it all off.

      • Mark

        If the government was interested in food stocks as they relate to a food shortage, they would stop mandating and supporting turning food into fuel for cars. By the way Ralfine, I own the the livestock on my ranch and I decide if and when I want to sell them to the market place, not the government. The government does not need to know about how much timber we have as they have billions of trees that they let rot instead of harvesting for lumber.They do not need to know what kind of trucks, the model year etc or the rest of the questions they ask.
        Is the next step after the government processes this imformation, to tell me what we have to plant or raise more beef or just shut us down as we are too small to watse their time to control. The government claims control of food production from the food safety laws put in place in the last year or so. This smacks of control freaks with Agenda 21 in mind.

        • RealityIsNotOptional

          I would ditch the answering machine and get caller ID to screen your calls.
          I wouldn’t give them jack squat. When the dollar dies they won’t have the manpower to bother you ever again.

    • Beth

      we got one of those too. It was so totally invasive, even asking what time we left our homes for work….how much travel time to work….etc. etc. and harassing phone calls about sending it in, etc. We delayed sending it in because we weren’t sure if it were “legit” or not.

      • RICHARD

        Do you all have farms?? i have one but it is small and I haven’t gotten anything like that

    • Liberty is not free

      Mark, I stand with you in resisting tyranny. When the lead starts flying on our own soil to clean out the federal deadwood that is harassing you and your way of life, it will be for Americans like you that I fight for. God Bless.

    • RealityBetraysUs

      tell them you do not have the money to hire someone to do the reaserch that is required to fill out their forms, Send me the money to hire someone to fill it out…

  • theyworkforus

    Its wasn’t our fault social security was started in 1936. We paid into and so did our employer, Mark, every paycheck for social security. I’m saying for 37 years in my case. Food stamps were only to be given was a short length of time paid tax payers. This program has been over paid per person and abused. Medicare, we pay every month over $100.00 for it at beginning of retirement and they are cutting back on services. A person who is in this country and not a citizen still gets free medical care at hospitals and we pay for it with higher hospital services for us.

    • Mark

      Do you really think that the $100 a month covers any where near the costs? I understand that we all have paid taxes for many years The pay roll tax is just a tax. We have all been lied to by the government. Please read my reply to Sorcha the dark eyed elf as to some of the history of the big lie a bit below here.

  • theyworkforus

    I know this year will be a hard one because they want all our money.

  • Cleo

    Always good articles. In his last speech on the floor Ron Paul said we have a welfare-warfare state. I would guess everyone who reads your blogs would concur, even if not a Paul supporter.

  • tacoma

    2012 begins the real reckoning, the true austerity. The year when kicking the can down the road will cause it to bonce back and hit you in the head.

    What I am saying is 5% will continue to have a great year, immune to the reckoning. 42% are still living in delusion.

    So much has been done to avoid the reckoning. But nothing works. So, the reckoning will finally arrive. Not like a cliff. But like a wall.

  • http://www.facebook.com/people/Joe-Palladino/100001624813101 Joe Palladino

    Let me guess, the 33% that are optimistic are overpaid underworked government parasites.

    • El Pollo de Oro

      Joe Palladino: Bingo. I’ll give you People’s Exhibit A. I know a city worker up in
      NYC who makes six figures with a cushy job for the parks and recreation department. Democrap, adores Barack “Goldman Sachs” Obama, barely made it through high school, expects to collect a generous pension from the city when he retires, takes month-long vacations in Europe and Asia at the taxpayers’ expense—and as he sees it, if you can’t make a great living in a healthy, robust, vibrant economy that is lucky enough to have Obama in charge, it’s because you’re a lazy, fat, incompetent, unmotivated slacker. Yeah, nothing like a guy who has been out of the private sector for over 25 years talking about what a rugged individualist he is and talking smack about people in the private sector. That’s how clueless and out of touch some folks are.

    • Rufus T Firefly

      Us government workers aren’t overpaid. It’s the unfortunate private sectors people who are badly underpaid. Every POTUS since Nixon has targeted you guys the way SKYNET targeted humans in the “Terminator” films. The corporate bosses get the gold mine and you guys get the shaft. Do something to improve your situation, don’t drag us less unfortunate ones down to your poverty wages. Organize! The country was far better in the 1950s when 1/3 of the workforce was. Unionized.

    • http://www.facebook.com/william.frail William Frail

      Whoa sport ! I work for the Gov. as a Naval Officer.Reconsider your short sighted generalization of Gov. employees as parasites. I don’t make the imaginary six figures you creeps come up with. Grow up. Better yet join the military and make a difference.

      • Hambone

        As a former Army Officer, I’m with them. I don’t think these comments are directed at the Armed services, and even within the Armed services there are parasites. Have you ever heard of Kelly AFB in San Antonio? It was nicknamed the “eight hour loaf” before they finally had to close it down.

        Have you see the staggering number of government employees that do make six figures, even if you don’t? Have you noticed there are entire offices of the government that if they simply disappeared, life would go on as usual? That’s waste, my friend.

        I wish you well, but if you think there isn’t a bunch of fat to trim on that government payroll, then you might need to lift your head out of the sand and look around.

        • El Pollo de Oro

          Hambone: That’s exactly right. You got it. My comments about government workers were not directed at the armed forces. I think Gary Johnson hit the nail on the head when he said that although neocon empire-building and imperialism have been a total disaster for this country, a strong military is needed for self-defense (being anti-empire doesn’t mean being anti-military or anti-self defense). But I definitely stand by my comments about that six-figure city worker in NYC. It’s downright unsavory when a parks and recreation worker spits in the faces of people who are paying for his salary, generous benefits, health care, etc. and says, “I’ve got mine, screw you. The economy’s doing great.” That clown has no idea how good he has it compared to millions of other Americans. Honestly, you can’t make this stuff up.

        • El Pollo de Oro

          And of course, there’s a huge difference between literally risking your life in the military and having a taxpayer-funded parks and recreation job with the city. I know military vets who are missing arms or legs, but I’ve never known anyone who lost a limb by spitting on taxpayers at the DMV.

          • RealityIsNotOptional

            At this point in time the mainstream public only cares about when a celebrity or musician dies. Did 1 in 500
            even know (or care) that Gen. Norman Schwarzkopf died over the holiday?

  • Colin

    I think that corporations are playing a play in the growth of the welfare state. I look at Walmart where I see a company that deliberately keeps its employees wages low, and the impression that I get from their policies is that the people in charge expect their workers will make up for the difference between what they have and what they need to live in getting either a second or third job or applying for government assistance.

    • Ralfine

      yes, the corporations are expecting the taxpayers footing their bill.
      what, if a bank would cancel an empty city account?

  • ian

    63 percent of americans probably believed the world would end on dec 21st 2012, but we are still here and breathing.

    • Hambone

      I’d say 40 or fewer Americans believed that. Why that was even newsworthy is beyond me.

  • Ralfine

    Well, the belief system of Americans is one of humanity’s curiosities.

    The same people who believe in virgin birth will tell you that abstinence will prevent pregnancy. :-)

  • steve

    Watching the aftermath of the Senate bill sent to the House of Representatives on C-Span and before a vote, members were given 1 minute for comments. I was disgusted to hear that the President on the 28th of December signed an executive order “Raising the pay of both Congress and Federal Employees and to further hear House members debate on behalf of those poor Federal Employees who have suffered. Disgusting.

  • chilller

    One of the US’s biggest problems, the line between banks, corporations and government no longer exists. And it’s the money that always runs things. So our banks are running our country…into the ground because bankers only have 1 thing in their beady, greedy little eyes…make more money. Germany has not let this happen which gives them the advantage we don’t have. Their government is way more open and honest towards their people while ours hides, misinforms, manipulates, intimidates, provokes and down right lies to its people treating many like terrorists now days. This country was built on “United we stand, divided we fall”. Our government is working overtime to fracture our nation by means of class warfare: race, religion, age, financial, political, gender, sexual orientation, background, education…the list goes on. The chances today of meeting someone who’s “warfare list” coincides with yours is slim to none which gives you reason not to ‘unite’ with this person which is exactly what the powerz that be are trying to do…divide us. Without this 1 fundamental driving force to bring our nation back together, we will ALWAYS be a mass of confused and divided subjects while our handlers in DC will ALWAYS remain united in their quest to rule over us instead of us over them.

    • Hammerstrike

      No, as Hitler figured out 80 years ago, the problem is that profit itself does not require productivity/work anymore, hence the end of industrialization.

      In other words, “multiculturalism” doesn´t work all that well, despite 50 years of non-stop propaganda demand that “we unite” and how great and bright the future would be when “diversity” is achieved, even the moderate economic troubles of the last few years sees the “multicultural” frankenstein starts to fall to pieces.

  • K

    These numbers prove, just what I already thought. Most people at some level, know what is coming. They just find it too upsetting, to think about. After all is that not what modern society is all about? Enough distractions, so you do not have to think about anything unpleasant. Many do not understand, why the economic collapse, has not already happened. Simple answer, self preservation. The rich and powerful, do not intend losing what they have to some mob. They are very happy, with the number of people asleep in this Country. They just have one remaining problem. The people still awake, are too well armed. Thus the big gun grab, that is about to start. You want to know when the economy will collapse. As soon as they have collected enough weapons, to assure their own survival.

    • K

      Let me add my favorite quote: Firearms stand next in importance to the Constitution itself. They are the American people’s liberty teeth and keystone under independence. From the hour the Pilgrims landed, to the present day, events, occurrences, and tendencies prove that to ensure peace, security and happiness, the rifle and pistol are equally indispensable. The very atmosphere of firearms everywhere restrains evil interference—they deserve a place of honor with all that’s good. George Washington, January 7, 1790.

  • LeibowitzSociety

    The Western world is now in a permanent state of decline, because the systems we have built over the last five hundred years are broken and no one in power has tried to point this out or fix them. We have built our economies with the assumption of perpetual growth, but the problem is that this was in turn built on a unique set of circumstances. As a result, there is no easy fix for the problem and we are on the cusp of entering into a new Dark Age in the future, as our leaders try to grasp at straws and keep the old models alive.

    • Ralfine

      What do you want to fix? The system works fine. You can earn gazillions selling bullets. There’s always a nut around that sells his grandmother to get that last bullet.

      Remember Marx: there is no crime the capitalist wouldn’t commit if the profit is high enough.

      If tobacco becomes a commodity, introduce other drugs, and have the govt. prohibit drugs to keep the price high. when it becomes a commodity, have it legalized.

      Same for all kinds of guns.
      In 50 years tanks and flamethrowers will be legal.

      • Mark

        How many crimes have the followers of Marx commited against people. Millions have died in following your dream world. Either you socialists think not enough was spent and next time we must spend more to get it right or as history has shown so many have died in the name of socialism, maybe next time if you would have killed more it might have worked the next time. You socialists allways seem to forget your own history chasing your utopian dream that will never work.

        • Ralfine

          oh come on. how many indians were killed for america? by christians, no less. and you still are proud to be christian and american, right?

          • Mark

            Most died of sickness that the europeans brought here.

          • Ralfine

            and the azteks, inkas, mayas – all killed by christians and the diseases they got in the brothel.

          • Mark

            But Ralfine, they were all killed by europeans in central and south america. That city that you live in and love so much was built child labor and the plundered wealth of the rest of the world.

          • Ralfine

            I dont live in the city I love so much. I live here because the rent is cheap, I can walk to the super market and only need an hour by public transport to the office.
            But yes, the city is known for its christian past.

          • Mark

            I bet you could find a nonchristen city with rents alot lower than London. LOL

          • Ralfine

            why are you so hung up on london? i live in uk, but not in london. even the small uk has more than 1 city. and yes, most of my neighbors are not christians, but you never know, most visitors at the church next street are not white

        • Gay Veteran

          quoting Marx does not make you a Marxist

  • PSYCO PREPPER

    FEARMONGER

    • Hambone

      Witty retort, my friend. You really got him with that one.

      Also, I think “psycho” has an “h,” unless you’re referring to the Korean Rapper’s corporation, in which case it’s probably PSY, Co.

  • Mondobeyondo

    Count me in among the 65 percent who think this will be a year of economic difficulty.

    You’re going to wish the world had ended on December 21st, 2012.

    • Jodi

      Count me in too!

    • Syrin

      2013 is going to be AWFUL, but the truly economy destroying policies take place in 2014. We have passed the point of no return. Our annual payouts will exceed $8 trillion, and the ENTIRE economy creates only $7 trillion. That’s right, the gov’t spends more each year than the ENTIRE US economy produces, but we don’t have spending problem, just ask GARY

      • RICHARD

        We have already past the point of no return.

        • Hammerstrike

          When was it reached? I would say 2000 at the very least.

          Already by 1992, it was politically near-impossible to reverse, neo-liberalism was too widely accepted.

          • RICHARD

            the economy has been heading down hill since 73-74 and I believe something could of been done about it for a long time. Even up till around around 2004. I believe when the government didn’t let all these companies and banks go under that was THE START of the point of no return.With all these Qes that has loaded up the national debt, the housing bubble the next to nothing intrest on income hasn’t helped. the Bush tax cuts and 12 years of war. It’s a wonder we made it this far. I expected a collapse in 2008.

          • Hammerstrike

            Obama found a way to spend even more than Bush in less time.

            It didn´t happen because there where still countries willing to lend, foremost China.

      • Hammerstrike

        It will be a lot harder to blame Bush in 2016, with an extra 10 trillions in debts and officially back into recession in 2014 or 2015.

        Full default and martial law, the liberals gets their police state at last but there is no wealth to seize anymore.

      • 2Gary2

        that’s right we h ave a revenue problem. The rich and corporations have NEVER had this low of tax rate ever.

        • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

          Gary and his collectivists friends could take our guns away then they wouldn’t have a revenue problem, at least not for a little while….

          • 2Gary2

            I have no interest in taking anyone’s guns. I am not anti-gun just because I am progressive.

  • SmallerGovNow

    Another great article Michael. All the best in 2013…

    • MichaelfromTheEconomicCollapse

      Thank you :)

      I want to wish you and everyone that reads this site a very blessed 2013.

      Michael

  • Ralfine

    Well Michael, I would be interested in a more comprehensive analysis.

    Drought, higher food prices, unemployment, higher fuel prices, higher medical costs, hospitals closing, flu, whooping cough, economic hardship, delaying going to the doctor, growing tent cities, more crowds at sales actions, less nutrition in food, resulting in weaker health, etc.

    With less people employed and more people sick, or weak, what are the predictions for the country and the economy? Sick people can’t work, produce profits, pay taxes.

    On the other hand, you don’t have much public transport and with people not working they have less opportunities to come into contact with those who are sick but can’t afford medicines and keep on showing up.

  • Jodi

    I’m going to my first gun show this weekend. I bet the show will be packed!

    • K

      From the reports, I have been reading. Go early on the first day, or do not bother.

    • Beth

      please give us an eyewitness report Jodi! :)

  • JustanOguy

    Count me in the group of Americans that don’t want to pay Federal Income Taxes this year and probably will not.

    Because 85%+ of the problems are coming from Washington D.C.

  • Syrin

    This means 35% are COMPLETE IDIOTS, we’ll call them GARYS, and wholely dependent upon the gov’t which has a monopoly on the use of coercion to take property from others.

    Richard Maybury says the US gov’t completely collapses in the next 5 years, just as the GARYS intended.

    “Richard Maybury, in his January newsletter (subscription), provides his estimated timing for the collapse of the US government:

    My guess on the odds of the federal extinction is, 10% within five months, and 95% within five years.”

    • davidmpark

      What impact would a Gov bankruptcy have if they had stayed out of the social fabric and economy? Not very much, right? The people could fix it easier as a free people with little controls over them.

    • RealityIsNotOptional

      2015

    • Hammerstrike

      Colins, if they have an IQ in the 40s.

  • ”K”

    It is so frustrating to hear the MSM constantly report like this is going to be the next great YEAR. Great car sales great job growth blah blah blah. I am also one of the 65%

  • Mark

    It seems that interest rates for the 10 year bond for the US, Germany, Japan, UK are starting to rise. That means more printing scams will follow, unless investors have had enough of this ponzi scheme of debit that never ends. All hail Paul Krugman, it is not big enough. LOL

  • 2Gary2

    Barney Frank will be appointed to replace John Kerry in the senate. Kerry will be the next Sec of State.

    we on the left will destroy you conservatives. we will take back out country from low information dolts who cling to god and guns and anti-gay. I am so sick of conservatives trying to take us back to the 18th century. Conservatism is a tumor that needs to cut out and thrown into the dust bin of failed ideas once and for all. You do all know Obama care is designed to usher in single payer. I was in Wi Dem meetings where it was explained. The USA WILL be like Scandinavian countries sooner than you right wing buffoons think. Get used to it or move.

    • Mark

      Your peaceful words,”we on the left will destroy you or conservatism is a tumor that needs to be cut out and thrown into the dust bin.” is exactly why we cling to our guns so that we can live according to God’s laws if we so choose.
      We already know that you progressives want to usher in the destruction of this once great nation with socialism.

    • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

      The collectivist hate our guns, they interfere with their Democidal tendencies…

  • 2Gary2

    this sums things up well:

    Democrats want to preserve the legacy of the New Deal and the Great
    Society — Social Security, Medicare and Medicaid — and add to them what
    every other advanced country has: a more or less universal guarantee of
    essential health care. Republicans want to roll all of that back, making
    room for drastically lower taxes on the wealthy. Yes, it’s essentially a
    class war.

    • Mark

      Gary, I thought you wanted to have Social Security means tested. How is that preserving the legacy of the New Deal. ” some are more equal than others” sure rings out very clear.

    • bwoboe1

      You are delusional is you still think there are two political parties. There are two wings of the same corporatist, bankster, welfare-warfare party and to get any meaningful debate we need to recognize this.

      It is all part of A ploy to keep the people artificially divided over theatrics and semantics while keeping the corporatist oligarchy plutocrats in power and widen the 1%-99% gap

      • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

        He knows very well that the two parties are wings of the same bird. He bashes plutocrats to sound like he defends the victims of them, but has a vehement hatred of free market capitalism which has never existed in his life. And if he has his way, it never will. There is a reason he posts on every single article.

  • 2Gary2

    conservatives sold out again by guess who? Conservatives. ha ha ha ha

    Oh, and not only did Republicans vote for a tax increase for the first
    time in decades, the overall result of the tax changes now taking effect
    — which include new taxes associated with Obamacare as well as the new
    legislation — will be a significant reduction in income inequality, with
    the top 1 percent and even more so the top 0.1 percent taking a much
    bigger hit than middle-income families.

  • 2Gary2

    This will go a long way to fixing the deficit (which I do not believe is even a issue):

    Cut spending:

    • Cut Defense by 30-50%

    • Cut subsidies to oil and agriculture

    • Exit all wars and close the bases

    Raise revenue:

    • cut the tax loopholes

    • tax off shore accounts

    • raise the capital gains rate

    • remove the Carried Interest Rule

    • transaction tax

    Fix Medicare and SS:

    • Raise the SS cap to $1 million

    • Means testing for Medicare and SS (make the rich pay but not be able to collect)

    • Have the government negotiate drugs prices

    • Lower the age of eligibility to 60

    • Mark

      Gary, means tested government programs are welfare. Tthis means that you now agree with me that social security is a welfare program.
      I agree that we can cut defense by 30 to 50% . As long as we keep the balistic nukes for the MAD policy. Do not let Obama cut the number down to 400. It might sound nuts to some, but the MAD policy has worked. I do not trust others in that if we cut real deep that they might be stupid enough to think that they could survive a nuke war.
      Off shore accounts are already taxed.
      Yes, we should cut all subsidies to oil and agriculture. You know that food stamps are a subsidy to agriculture and like you just said , it needs to go. Corn should not be turned into fuel and paid for with tax dollares to boot.
      What tax loopholes do you feel should be cut?
      Now since i, as a conservative agreed to some of your cuts, where will you bend and cut welfare, federal workers wages and pensions, usless departments, regulations ,EPA, Homeland Security, and etc.

      • Gay Veteran

        yeah, we should go back to the good old days of unlimited pollution

        • Mark

          The EPA has been trying to regulate storm water runoff as pollution. Yes sir the good old EPA in action saying that water from rain going into a stream is pollution. Yeah GayVeteran, I guess your beloved EPA is only happy with no rainfall. LOL

          • Gay Veteran

            gee, wonder why EPA wants to regulate stormwater runoff?
            pollutants from urban runoff include:
            Oil, grease and toxic chemicals from motor vehicles
            Pesticides and nutrients from lawns and gardens
            Viruses, bacteria and nutrients from pet waste and failing septic systems
            Road salts
            Heavy metals from roof shingles, motor vehicles and other sources

          • Hammerstrike

            Al Gore economics have been trickling down on gay nonveteran´s head for way too long.

          • Gay Veteran

            sounds like you got a hammer strike to the head because that doesn’t make any sense

          • Hammerstrike

            You´ll soon be even less usefull to Captain O than Christopher Stevens.

    • Hammerstrike

      As Adolf Hitler did.

      • Nationalize the federale reserve, end money printing, shut the financial parasite banks off the free money supply which they have used to jack-up the working of society itself, both of governement and private sector dymanic.

      Worker makes 100 000 bucks worth of work but bank just print 200 000 bucks of it.
      • Alternative to this monetary robbery (aka inflation). For X quantity of work, worker gets X amount of currency to spend, producing X demand.

      • Former bankers, gangstas, welfare queens and other profiteers of the old system are used to do the dirtiest, most unskilled work, with optional medical experimentation.

    • Guest

      I can agree with 80% of that.

    • RealityIsNotOptional

      * Let the economy completely collapse..bye bye dollar fiat ponzi scam!

  • A Left Wing Liberal Gal

    I think 2013 will be a wonderful year. I’m looking forward to a major depression, nuclear war, bigger earthquakes, etc. You know the rest. Most everyone is spoiled and stupid. The population has to be reduced. What better way than to get rid of some of you idiots and inbred morons preppers.

  • davidmpark

    In 2006, I attended a university course in ethics that dissolved into an anger fueled Right vs. Left debate. After little to no sleep, poor nutrition, full time school and full-time job (this was a very hard time for me), I finally asked to speak my opinion:

    I said that the class should get their mates out of their class, call their families and neighbors, and their old school friends. Everyone should meet in the parking lot in an hour; once assembled, they should have it out once and for all!

    I was serious.

    They thought I was joking ’til after a few minutes of me still demanding it. That’s when they all got frightened and said they really didn’t mean all the rhetoric. I said it’s too late – the direction they’re heading in will lead to civil war. Best to have it out now. The professor protested and I told him to get his mates and do the same.

    I also described with detail what a battlefield is like: you have no rules, no time-outs, no mommy to cuddle you. They had no idea how much a bullet wound hurts and burns. How much pain and distress getting stabbed is. They had no conception of how warm the other guy’s possibly STD-tainted blood is. I told them to look each other in the eyes and to think of how they’d feel to plunge an object into the other person’s face, and how it would feel to get the same.

    They were silent for a while. The whole time I kept saying to go do it and kill for the glory of your ideology!

    One woman, I think her name was Kelly, asked me if that’s what I wanted. I said it’s what you all wanted; not me. I would be in the cafe having lunch ’til the time came to burn the bodies and go home. It’s not my war.

    I quit university after that to care for my wife and prepare for the worst for the same reason: Right vs Left is not what I want, and It’s not my war.

    Don’t make it my war.

    • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

      I would have went and waited in the parking lot…

    • Hammerstrike

      The war is already yours, has been since you where conceived, only stop being yours when it is your body that burns or the system that declared it unravels.

  • DiscouragedOne

    And they could have kept the jobs in the USA.

  • “SGT ROCK”

    Across the board our great leaders have failed us so badly. This stinks to high heaven and there’s nothing we can do about it; legally anyway. I’ll be leaving for another disaster/fiasco in Afghanistan soon. Our overly educated gentlemen & women in the officer corp (and senior NCOs) have failed us in their ever lustful addiction to move up in the corporation that is the army. Power in any form or amount corrupts everybody. It’s all a big lie and so many good people have died for generally nothing. Our commanders tell us it was for freedom, but if there is anything that these good people have died for it was for their friends.

    I hate working for the dang “guvment” and can’t wait to retire. I’m so tired of working my rear end off for pennies & some decent benefits. The army is being overrun by the same disgusting, corrupt, politically correct cowards that run our once great Republic. Its all for naught.

    I’m so demoralized right now. After 9 months in the toilet that is Afghanistan I get to come back home to a nation run by lib-progs, socalists, marxist scum. I’m afraid the moochers & and their new “gods/saviors” are in charge now.

    What to do?

    • RealityIsNotOptional

      What happens when the U.S. military runs out of po dunk countries to conquer and the only ones left have full nuclear WMD’s? Actually what is left?
      Iran & North Korea unless you want to count the eskimoes.

  • college kid

    This is the truth.

  • davidmpark

    “Someone(s) with some foresight should have addressed our fiscal problems 30 or 40 years ago.”

    There were. They were marginalized and mocked, eventually voted out.

    • Hammerstrike

      “There were. They were marginalized and mocked, eventually voted out.”

      More than that, remember November 1963.

      • RealityIsNotOptional

        Marginalized and mocked on purpose to keep the status quo of the politicos and their owners intact.

        • Hammerstrike

          Even eliminated, like Kennedy.

          • RealityIsNotOptional

            Agreed…Lyndon Johnson sure didn’t waste any time rescinding JFK’s Executive Order to allow the treasury to prevent the Federal Reserve from having the monopoly on issuance of currency/credit. JFK’s goal was to bring back the interest free Lincoln ‘Greenback’.

  • Hammerstrike

    Take away the “consumer” lifestyle, take away the donutes and the sitcoms.
    Post-WW2 wealth allowed this, greatest depression allows a way out of it.

    • Beth

      Not the doughnuts!!!!!!!

  • 2Gary2

    Run up your credit cards and default. Get a payday loan to pay the bankrupt lawyer and stiff them too. A old co-worker ran up 70,000 in credit card debts and did this and walked away. Now that’s what I call a little wealth redistribution.

  • KY Mom

    It’s ONLY: 6.5 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty.

  • KY Mom

    2gary2 SHUT UP

  • 2Gary2

    want to see who the real enemies of america are? google this gao report on tax dodging corporations

    • condaggitt

      Gary I am in favor of eliminating corporate taxes…..that will eliminate any and all tax dodges…and if you lose money well…tough crap….there will be no tax loss carryovers…. no check back from uncle sam…many companies are only valued for their tax losses…everybody is freakin scared of no taxation on corp profits..its the most radical position to take

    • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

      You mean Obama friends? Yeah we see them.

  • 2Gary2

    What a glorious day, the tea party and the old establishment gop party
    fighting it out to the end, weakening both candidates in the 2014
    elections.

    It’s time for the democrats to “divide and conquer”. Allow your
    opponents to bloody themselves up before for you go in for knockout
    punch.

    If played correctly, 2014 should be a turning point in politics where the majority of power swings left again..

    This worked to get Baldwin elected. It also helped that Thompson is such a weak candidate.

    we are so going to destroy conservatives in the upcoming 2014 elections.

    • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

      You just love to see Poverty Inc and the Disingenuous White Liberals bankrupting this country. I bet you would like to see and end to presidential term limits and have Obama become dictator for life.

      • Gay Veteran

        and you think that Disingenuous White Conservatives are not bankrupting this country?

  • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

    Pawn shop inventory is up, loans are up, pawn redemptions are down 24% Number of pawn shops 2006: 4,666 to 2011: 5,294 is up.

    The destruction of Birmingham, Atlanta, Newark, Detroit, Memphis, Cleveland, East St. Louis, they all have one thing in common…..a surge in Pawn Shop establishments and Pay Day Loan shops. Now that pattern is spreading throughout the country.

  • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

    The plutocracy uses our government to subjugate and incrementally erode our freedom. But while speaking of the plutocracy and the crony capitalism which is systemic. Crony capitalism that they manipulate for their benefit, you still put blame on true free market capitalism which has not existed in your lifetime.

  • Scrotal

    Do you believe that economic trouble is coming in 2013? If so, you have a lot of company. According to a brand new Gallup poll that was just released, 65 percent of Americans believe that 2013 will be a year of “economic difficulty” while only 33 percent of Americans believe that 2013 will be a year of “economic prosperity”. Gallup has been asking this question for a lot of years, and the percentage of Americans that are anticipating economic difficulty in the year ahead has not been this high since the early 1980s. And without a doubt, there are a whole lot of reasons to be deeply concerned about the economy as we head into the new year. But it isn’t just 2013 that Americans are pessimistic about. According to the new Gallup poll, 50 percent of all Americans believe that the best days of America are behind us, and only 47 percent of all Americans believe that the best days of America are ahead of us. Those are very sobering numbers. Half the country believes that it is only downhill from here for the United States. Unfortunately, they are exactly right. Things are rapidly going to get worse for our economy and for our nation as a whole. We are going to start reaping the consequences of decades of very foolish decisions, and the pain is going to be immense.

    Gallup asked some other very interesting questions as well. The following are some of the other results from the poll…

    -68 percent of Americans believe that 2013 will be a year of rising crime rates.

    -57 percent of Americans believe that 2013 will be a year in which American power will decline in the world.

    -82 percent of Americans believe that 2013 will be a year in which taxes in the United States will rise.

    So why are so many people so pessimistic as we enter 2013?

    That is a good question. I think that a lot of people are starting to wake up and are realizing the gigantic problems that are staring the U.S. right in the face.

    Even our friends over in Europe can see what is happening to us. We are like a former athletic champion that is now clearly on the wrong side of “middle age” and is exhibiting obvious signs of decline. We still like to think of ourselves as “the champ”, but the truth is that we are fat, lazy, broken down and bankrupt. The following is a brief excerpt from an article that appeared in a major UK news source the other day…

    The rest of the world — dangerously reliant on a buoyant U.S. — should note one thing above all: the fundamentals of America’s economy are, frankly, terrible, and its international dominance is not nearly as assured as it once was.

    Its economic culture has started to change since President Obama entered the White House four years ago this month.

    America more closely resembles Europe in living beyond its means and in the President’s determination to build a massive welfare state.

    The mainstream media and most of our politicians endlessly proclaim that things are about to turn around and that a “recovery” is on the way, but that is not even close to the truth.

    Fortunately, a few of our politicians realize what is really happening and are willing to talk about it. Unfortunately, not enough people are listening to them.

    For example, Ron Paul has a really good grasp on how destructive the U.S. national debt is and how we are literally destroying the bright future that our children and our grandchildren should have had. The following is what he posted on his Facebook page the other day about the “fiscal cliff deal” that just got pushed through Congress…

    We Are Already Over the Fiscal Cliff

    2 January 2013

    Despite claims that the Administration and Congress saved America from the fiscal cliff with an early morning vote today, the fact is that government spending has already pushed Americans over the cliff. Only serious reductions in federal spending will stop the cliff dive from ending in a crash landing, yet the events of this past month show that most elected officials remain committed to expanding the welfare-warfare state.

    While there was much hand-wringing over the “draconian” cuts that would be imposed by sequestration, in fact sequestration does not cut spending at all. Under the sequestration plan, government spending will increase by 1.6 trillion over the next eight years. Congress calls this a cut because without sequestration spending will increase by 1.7 trillion over the same time frame. Either way it is an increase in spending.

    Yet even these minuscule cuts in the “projected rate of spending” were too much for Washington politicians to bear. The last minute “deal” was the worst of both worlds: higher taxes on nearly all Americans now and a promise to revisit these modest reductions in spending growth two months down the road. We were here before, when in 2011 Republicans demanded these automatic modest decreases in government growth down the road in exchange for a massive increase in the debt ceiling. As the time drew closer, both parties clamored to avoid even these modest moves.

    Make no mistake: the spending addiction is a bipartisan problem. It is generally believed that one party refuses to accept any reductions in military spending while the other party refuses to accept any serious reductions in domestic welfare programs. In fact, both parties support increases in both military and domestic welfare spending. The two parties may disagree on some details of what kind of military or domestic welfare spending they favor, but they do agree that they both need to increase. This is what is called “bipartisanship” in Washington.

    While the media played up the drama of the down-to-the-wire negotiations, there was never any real chance that a deal would not be worked out. It was just drama. That is how Washington operates. As it happened, a small handful of Congressional and Administration leaders gathered in the dark of the night behind closed doors to hammer out a deal that would be shoved down the throats of Members whose constituents had been told repeatedly that the world would end if this miniscule decrease in the rate of government spending was allowed to go through.

    While many on both sides express satisfaction that this deal only increases taxes on the “rich,” most Americans will see more of their paycheck going to Washington because of the deal. The Tax Policy Center has estimated that 77 percent of Americans would see higher taxes because of the elimination of the payroll tax cut.

    The arguments against the automatic “cuts” in military spending were particularly dishonest. Hawks on both sides warned of doom and gloom if, as the plan called for, the defense budget would have returned to 2007 levels of spending! Does anybody really believe that our defense spending was woefully inadequate just five years ago? And since 2007 we have been told that the wars in Iraq and Afghanistan are winding down. According to the Congressional Budget Office, over the next eight years military spending would increase 20 percent without the sequester and would increase 18 percent with the sequester. And this is what is called a dangerous reduction in defense spending?

    Ironically, some of the members who are most vocal against tax increases and in favor of cuts to domestic spending are the biggest opponents of cutting a penny from the Pentagon budget. Over and over we were told of the hundreds of thousands of jobs that would be lost should military spending be returned to 2007 levels. Is it really healthy to think of our defense budget as a jobs program? Many of these allegedly free-market members sound more Keynesian than Paul Krugman when they praise the economic “stimulus” created by militarism.

    As Chris Preble of the Cato Institute wrote recently, “It’s easy to focus exclusively on the companies and individuals hurt by the cuts and forget that the taxed wealth that funded them is being employed elsewhere.”

    While Congress ultimately bears responsibility for deficit spending, we must never forget that the Federal Reserve is the chief enabler of deficit spending. Without a central bank eager to monetize the debt, Congress would be unable to fund the welfare-warfare state without imposing unacceptable levels of taxation on the American people. Of course, the Federal Reserve’s policies do impose an “inflation” tax on the American people; however, since this tax is hidden Congress does not fear the same public backlash it would experience if it directly raised income taxes.

    I have little hope that a majority of Congress and the President will change their ways and support real spending reductions unless forced to by an economic crisis or by a change in people’s attitudes toward government. Fortunately, increasing numbers of Americans are awakening to the dangers posed by the growth of the welfare-warfare state. Hopefully this movement will continue to grow and force the politicians to reverse course before government spending, taxing, and inflation destroys our economy entirely.

    It was good that Ron Paul placed blame on both political parties and on the Federal Reserve for our debt problems.

    The Federal Reserve is not often talked about much when it comes to assigning blame for the debt, but it truly is one of the primary reasons why our debt is so enormous today. The Federal Reserve system was designed to be a perpetual government debt machine, and it has accomplished that task very well.

    When the Federal Reserve was first created, the total U.S. national debt was less than 3 billion dollars.

    That is about as much as we add to the U.S. national debt every single day at this point.

    And since Ben Bernanke took the reigns at the Fed, our debt problems have greatly accelerated.

    The U.S. national debt has more than doubled from a little over $8 trillion to more than $16.4 trillion since Ben Bernanke became chairman of the Federal Reserve in 2006.

    But disaster has not struck yet, so most Americans think that everything must be okay.

    Well, if you want to ignore all of the evidence of our impending economic demise, go ahead and do that. Go on lots of expensive vacations, run up your credit cards, buy a new boat and party like its 1999. Enjoy every minute of our debt-fueled prosperity while you still can. You only live once, right?

    But if you are wise, you will try to understand what is coming and you will make preparations so that you and your family will be able to withstand the storm that is coming. Here are some basic steps that I suggest…

    -Use this time of relative prosperity to work hard and make money while you still can. You want to store up your finances during the good times to help you get through the lean times.

    -Get out of debt. You don’t want massive amounts of debt weighing you down when things get really hard.

    -Get more independent of the world system. Start a side business in the evenings and the weekends. Learn how to grow your own food. Get your house off of the grid if possible. Anything you can do to become more independent and more self-sufficient is good.

    -Store food and other essential supplies. Right now we take for granted that the supermarkets and the big box stores will always be packed with mountains of quality goods at affordable prices. That may not always be the case. You want to be prepared for whatever may happen.

    For even more tips, please see my previous article entitled “How To Prepare For The Difficult Years Ahead”.

    All bubbles eventually burst.

    Our national debt bubble will eventually burst.

    The derivatives bubble will eventually burst.

    The consumer debt bubble will eventually burst.

    When those bubbles burst, will you be ready?

    I hope and pray that you will.

  • KY Mom

    Screw This Site

    • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

      Could you elaborate?

  • http://www.facebook.com/mark.caldwell.90857 Mark Caldwell

    Poverty Inc. is a disaster, and it’s poison destroys more each year. Affirmative action and Poverty Inc have cost us so much. We could literally have had a colony on Mars by now if it wasn’t for crony capitalism, government intervention/regulation and Poverty Inc. It can make you feel like a sucker sometimes…

  • Washington76

    Britain – Land of the Defenceless Victim by Paul Green

    http://www.lewrockwell.com/green-p/green-p19.1.html

  • God Save Us All.

    I can’t suppose it is because our country has degraded into a society of obese, lazy, illiterate MORONS addicted to entertainment, could I? Nawww…

    • Washington76

      This would be because of government schools! We reap what we have sewn. This is the face of Progressivism!

  • RealityIsNotOptional

    You are forgetting corporate welfare which is 25X the size of social welfare. It is also a good idea to look at where the nation’s net accumulative wealth finally ends up. It certainly is not found in the bank account of a white trash or minority welfare recipient.

  • RealityIsNotOptional

    When the world loses it’s financial security trusting the dollar to store their wealth.
    The U.S. vs. The rest of planet earth. WW3

  • RealityIsNotOptional

    And we deserve everything that comes our way. Wait and see how pissed the entire planet will be as they look for someone to blame.
    nuclear WW3.

  • RealityIsNotOptional

    Meanwhile the elite will be hiding in their bunkers underground waiting for the population to thin itself out.

  • RealityIsNotOptional

    This time it will be the final bubble – the dollar/treasury bubble.

  • RealityIsNotOptional

    You have no idea what the biological weapon stockpile is of Russia, China and the other world superpowers. China can simply call off buying Americas debt or ask for triple the interest rate and it’s game over! “The hand that gives is always above the hand that takes”.

  • RealityIsNotOptional

    It will get to the point of hiding in a hole like a squirrel until the population thins itself out.
    In past currency collapses even the military and police become desperate and rob you blind.

  • Hammerstrike

    Even west Germany was far greater and more populated than Holland and taken all the casualties.
    Forgotten how those evol natzees would konker the World if they wheren´t stopped?

  • Gay Veteran

    you were the one who totally ignored URBAN runoff.

    • Mark

      Do you have any idea how expensive it would be to treat the runoff from storm water in the cities.

      • Gay Veteran

        I’m sure people opposed the Clean Water Act and Clean Air Act because it was too “expensive”. Cheaper than cancer

  • Gay Veteran

    “Note how the massive Tea Party rally in Washington, DC was marginalized by the media to a non-event and how the rapidly spreading fire of Occupy Wall Street movement burned itself out to ashes”
    the Tea Party protested and went home, OWS was beaten down because they were more effective

  • TheAtheist

    I just noticed that your ‘major UK news source’ was the Daily Mail. Lulz.

  • C horse

    When bad things start happening I’ll blame it squarely on the American women.

  • RealityBetraysUs

    What’s wrong with this picture? We are in a economic Depression like we were in the 30′s, however this time the gov. did not let the rich fail go bust and force to start over at the bottom along with the rest of us, therefore you can’t have a recovery when no debts were written off or cleared out and no one when bankrupt, so essentially now you have prolonged depression which will not end, and idiots like bernake claim we can fix it with quantitative easing not 1, 2, 3 or 4 but to infininty…
    There will be an end but it will be a total collapse because they did not allow markets and money to collapse, when it does it will cause total collapse of every market we know and they will not even be able to run a stock market again….Why has there been no job creation programs like in the 30′s? Why is the gov. so scared that the fed reserve has been buying up all the mortaged paper so that when the whole system crashes they will own all the real asssets in the country real estate buildings etc..?A recent video by deceased Locota Indian warned us that the USA is headed for a big collapse but this time it will not be the indians that get screwed it will be the average americans that get it! We are the new “indians” and we are all gonna get reamed big time!

  • A Qui Tam Relator

    Have to stock upon Solent Green Crackers FEMA will be hiding in D.C. along with all our other cowardly non-representatives.

  • http://www.facebook.com/denise.matzavinos Denise Matzavinos

    The longer they delay it, the worse it will be when it finally happens.

  • paris

    I started agreeing with you until you brought color into it. I’m sure more races than the “coloreds” have bought expensive cars with their welfare money. Remember, The “single mamas” and “immigrants” you commented on are all different colors. You choose to be a single mother and you choose to want to live in a country illegally. But one can’t choose their skin color. You made very good points! And good for you for working hard to earn everything you have! The whole world needs more people with your work ethic! I encourage you to be careful with your stereotypes, This may help others want to follow your example of hard work.Good luck to you and your family!

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