The Beginning Of The End
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Money Problems That Never Seem To End: 25 Reasons To Be Absolutely Disgusted With The U.S. Economy

It seems like wherever you turn there is bad news for the U.S. economy.  Unemployment is rampant, the cost of gasoline is going up, the cost of food is going up and American families are getting poorer.  Millions of jobs continue to leave the country and everyone is wondering why it seems like the "American Dream" is dying.  American consumers are absolutely swamped with staggering levels of credit card debt, student loan debt and mortgage debt and each year the consumer debt crisis only seems to get worse.  For millions of American families the money problems never seem to end.  Meanwhile, our politicians are doing next to nothing to fix our horrific national debt problem.  So yes, there are a whole lot of reasons to be absolutely disgusted with the U.S. economy.  We are living in the greatest debt bubble in the history of the world, and anyone with half a brain can see that we are heading for complete and total disaster.

A lot of Americans do not like to read about economics, but what has been going on over the last few years has been nothing short of extraordinary.  The Federal Reserve has basically tripled the adjusted monetary base.  We have now been conditioned to accept that trillion dollar deficits are "normal".  The U.S. dollar is being systematically destroyed right in front of our eyes and most Americans don't even seem alarmed about it.

Our entire financial system is coming apart.

The signs are everywhere.

The following are 25 reasons to be absolutely disgusted with the U.S. economy....

#1 There are now 6.4 million fewer jobs in America than there were when the recession began.

#2 In Southern California, the average price of a gallon of gasoline is $1.00 higher than it was at this time last year.

#3 The average price of gasoline in the United States has jumped about 20 cents in just the last two weeks.

#4 Over the past 12 months the average price of gasoline in the United States has gone up by about 30%.

#5 In the 8 days leading up to the "historic" $38.5 billion budget deal, the U.S. national debt increased by $54.1 billion dollars.

#6 The $38.5 billion in budget cuts that the Republicans and the Democrats have agreed to represent approximately one percent of the federal budget.

#7 During the 2010 campaign, the Republicans promised voters they would cut $100 billion from the budget for 2011.  Instead, they gave in when the Democrats offered just $38.5 billion.

#8 The Obama administration had been estimating that the federal budget deficit for fiscal 2011 would be approximately 1.6 trillion dollars.  Now it will likely be somewhere around 1.55 trillion dollars which will still be an all-time record.

#9 According to numbers released by Deloitte Consulting, a whopping 875,000 Americans were "medical tourists" in 2010.

#10 The median pay for CEOs increased by 27 percent during 2010.

#11 Thanks to globalism, U.S. workers now must directly compete for jobs with workers in places such as Indonesia.  In Indonesia, full-time workers make as little as two dollars a day.  So how are Americans supposed to compete with that?

#12 Last week, the price of gold set a new all-time record on Tuesday, on Wednesday, on Thursday and on Friday.

#13 The price of silver rose almost 7 percent last week alone.

#14 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#15 According to the Economic Policy Institute, almost 25 percent of U.S. households now have zero net worth or negative net worth.  Back in 2007, that number was just 18.6 percent.

#16 Americans now owe more than $903 billion on student loans.

#17 According to the New York Times, as of 2009 the wealthiest 5 percent of all Americans had 63.5 percent of all the wealth in America.  Meanwhile, the bottom 80 percent had just 12.8 percent of all the wealth.

#18 According to a recent report from the National Employment Law Project, higher wage industries accounted for 40 percent of the job losses over the past 12 months but only 14 percent of the job growth.  Lower wage industries accounted for just 23 percent of the job losses over the past 12 months and a whopping 49 percent of the job growth.

#19 The first week of air strikes in Libya cost the U.S. government about 600 million dollars.

#20 The price of corn has more than doubled over the past year.

#21 According to the U.S. Bureau of Labor Statistics, the average length of unemployment in the U.S. is now an all-time record 39 weeks.

#22 Back in the 1950s, corporate taxes accounted for about 30 percent of all federal revenue.  Today they account for less than 7 percent of all federal revenue.

#23 If the U.S. government eliminated all discretionary spending and all defense spending it would still not balance the budget.

#24 It is being projected that U.S. government debt will rise to about 400 percent of GDP by the year 2050.

#25 Americans spend approximately 27.7 billion dollars a year preparing their tax returns.

That last statistic really gets me.  During the month of April the American people are going to be spending massive amounts of time and money to prepare their taxes.

But what do Americans get in return for their taxes?

What they get is a government that is completely and totally incompetent.  Our "leaders" are running the greatest economy in the history of the world into the ground, but unfortunately most Americans have no idea what is happening.

Why are Americans so clueless?

Well, the truth is that over time we have been turned into a nation of idiots and morons.

To get an idea of just how "dumbed down" we have become as a nation, just check out this Harvard entrance exam from 1869.

I wouldn't have a prayer of passing that exam.

What about you?

Thanks to the slothfulness of society, the deficiencies in our education system and the toxins in our food, air and water it has become hard for most of us to think clearly.

Most of us are fat, dumb and totally clueless.  The entire economic system is being shredded and most of us just drool and turn up the television a little louder.

If we have money problems, most of us just run out and apply for another credit card.  If our state and local governments run into financial problems they just borrow even more money.

Of course the biggest offender of all is the federal government.  What our politicians are doing to future generations is not just criminal.  It is beyond criminal.  It is absolutely unconscionable.

So please excuse me if I am absolutely disgusted with the U.S. economy.

We took the greatest economy in the history of the world and we wrecked it.

How in the world are we going to explain this to our children and our grandchildren?

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  • http://www.planorperish.com/ Gutter Economist
  • GGAmerica

    LOL

  • http://facebook Frank

    I post these articles whenever they come out on facebook and out of 300+ friends, only the same 2 comment on the issue. Great article, but i pretty much lost hope in my generation. All they care about is partying every weekend, drinking, smoking, and jersey shore.I can only imagine what their reaction is going to be when shtf.

    • Michael

      Frank:

      Don’t give up hope. We all must keep working for the truth.

      Michael

  • William

    This is all a result of the people who were elected to the US Congress since 1980, and the individuals who became President since then. Now 63 years of age, I can remember what it was like before 1980. In 1981, the notion came into being with the presidency of Ronnie Raygun that taxes were bad, and big deficits were good. Even evil Darth Vader Cheney said that Raygun proved that deficits did not matter. When Shrub Bush took office, the national debt was $5.7 trillion; when the Shrubber left office, the national debt was $10.4 trillion…..oh, but we had TWO tax cuts while starting an unnecessary war of choice in Iraq that has cost about $1 Trillion of BORROWED money. What a stupid and evil way to WASTE a thousand billion dollars……
    The point is that if one wants to spend like a drunken sailor, they must come up with the money to do so. Raygun and the Shrubber did not seem to understand that. When the Shrubber waltzed out of the WH, Obummer was handed a sack of s+++, with fewer and fewer Americans working and paying taxes. Still, Obummer has proven to be a failure with his extension and expansion of the now unnecessary war in Afghanistan. Could it be that unnecessary WARS are such a profit maker that they are conducted just for profit?? Of course, the ones who push for wars never fight…….

  • http://MidgetTechnology tome

    Its true that the state of state affairs seem to be pretty grim. All those things listed seem to be pretty close to the mark and sadly enough true, but with all the wrong with the system the American people will still go on, one foot in front of the other, not for themselves but for the sake of others. For their family and children and the inherit belief that things will get better if they dont lose faith in an economic and social system like no other. Because their is no other system like it.What is their to replace it, I think the world has no other choices, Democracy has proven that,even with all its faults.

  • Maria

    The Harvard entrance exam of 1869 was from an era of classical education. Few could pass that test today, because few have studied Latin, Greek or the classics in today’s education system. If you’ve never studied Spanish, how do you expect to pass a Spanish test? Does that mean people are dumber today than they were in 1869? No. It does mean the schools aren’t teaching the material. If we want our children to be that smart again, then we need to switch our schools back to the classical curriculum. At least, we need to offer it to the students who have an interest in classical education.

    The education system of 1869 was basically the same as the decade before. Those men of supposedly superior education still did not prevent the severe economic or political problems associated with the Civil War.

    The superior education of men a few decades later did not prevent the World Wars of the 20th Century or the implementation of the Federal Reserve which led us into our current crisis.

    Superior education does not prevent corruption or greed. Moral training does. Even then, there are always those who choose evil over good. That is why we need moral law.

    Sadly, today’s society has almost completely abolished sound education, sound government, sovereignty, and morality.

    We thought we had ascended beyond the antiquated ideas of our founding fathers and their traditional, old-fashioned ways. We are waking up to the realization that we have not.

    It is the “Fall of Rome” happening once again in the story of mankind.

  • fred lapides

    What is to be done?
    you get money this way:

    cut expenses. Raise taxes.
    How much do we spend on our military adventures? Why? how much for our military buildup?
    How many rich people bank offshore or pay very little in taxes?

    Why so many corporations pay nothing at all?

  • http://erectuswalksamongstus.com Charlie Shkleen

    Oh, yeah, baby, the dumbing-down is ever so
    apparent: these days, seems no-one knows the
    difference between to, too, and two.

    Trying to read some of the posted comments is
    like trying to read Jared Loughner’s Facebook
    pages. Completely incomprehensible.

  • That Sojourner

    There will be no need to explain it to our children and grandchildren because our country will be extinct by then.

  • Galactic Effectuator

    ‘Oh, what a tangled web we weave,
    when first we practice to deceive.’

    I think that sums up the effect of all the lies and distortions the federal government has heaped on the economy, which is now so convoluted it would confuse a Byzantine accountant. The only answer is to end the centralized, federal system once and for all, before we all become abject slaves to it. Many, many more states must adopt independent money (hopefully the real money of gold and silver) and begin their accounts afresh. It is constitutional and just. State and local governments must be made directly answerable to the people on all issues all of the time. And the people must turn off their #@%&% televisions and deal with reality, get involved and stay involved.
    It’s the only way forward.

  • DeathSpiral

    One of the major problems is just 400 Americans control 50% of the nations wealth.

    http://www.huffingtonpost.com/michael-moore/america-is-not-broke_b_832006.html

    This is the type of statistic that you would expect to read in a history book describing a country that was ruled by a ruthless King. But instead it’s the U.S.A. in 2009!!

  • Rob

    Time to default….let it fall apart, and hopefully something good will come of it. Just like other empires in the world, the US empire is now over….greed and power, and manipulating the world….has made our government hated the world over. But, the American people are awesome, generous, and now, unfortunately CLUELESS. What a shame. May God Bless this country, by returning to its roots….our forefathers are twisting in their graves.

  • jet

    #22 Back in the 1950s, corporate taxes accounted for about 30 percent of all federal revenue. Today they account for less than 7 percent of all federal revenue.

    I don’t think we be having the these budget problems if these corps were made to pay their fair share. Hell most of the majors pay absolutely no taxes to the federal government at all.
    Need to stop these obscene tax breaks to the top 5% and hosting it on the backs of working people. Look at the recent budget fights 38 million cuts to programs that benefit working people while congress approves $ 150 million in tax cuts to the wealthiest.

  • http://www.no2foreclosures.info DaVid

    “Americans now owe more than $903 billion on student loans.”

    What the fu*k?!? How Sh*t!

    This amount of student financial slavery/debt is now greater than the GDP of the Netherlands or Turkey, numbers 17 and 18 of world’s largest GDP.

    Recession? Greatest Depression, here we come!

  • http://Yahoo Len Tisdale

    A hundred years ago people got nothing from the government. They lived and died by their own sweat and labour. If you couldn’t buy a new pair of shoes because the one pair you owned wore out…too bad. You either fixed them or walked barefooted. You got a new pair when you worked and saved enough to buy them. This is how it is in many average countries in the world. In many countries, you walk barefooted all your life and starve at the same time.

    Americans are spoiled rotten. Their credit cards are maxed out? Can’t afford gas to drive to the mall? Can’t afford to pay their cable, sit, complain about their ******* lives, grow obese asses and bellies? Can’t walk around the super-market because they are overweight and diabetic? ****** them. They’re a burden on humanity. Most of them created their own problems and are blood-suckers living off honest taxpayers. It can’t go on!

  • liberranter

    A lot of Americans do not like to read about economics…

    Most Americans don’t like to read, period.

    Most of us are fat, dumb and totally clueless.

    You neglected to add “and DAMNED PROUD of it.”

    The entire economic system is being shredded and most of us just drool and turn up the television a little louder.

    The metamorphosis of Americans into Amoricons (“American”+”moron”) has implications reaching far beyond economics. The damage to the national economy is merely one major consequence of the more than a century and a half of systematic dismantling of American civilization at the hands of the shadow moneyed interests. The most serious damage inflicted by their most lethal tool that scourge called public “education” (a testament to its effectiveness in dumbing us down has been the fact that we accept without serious question the word “education” to describe this process of mass brainwashing) is its nearly complete destruction of the influence and power of the family unit in the inculcation of values and initiative into the nation’s emerging generations. Whereas the family has historically been THE central unit of influence in the development of the individual child, as well as the source of foundational education, that role today has been usurped by the State, with nary a peep of protest or ounce of resistance from the sheeple. Why?

    The simple reason is that the Reigning Establishment has pandered, ever so effectively, to one of humanity’s basest emotional urges – the idea of getting something for nothing. After all, public education is funded indirectly, through the organized theft called taxation, so Boobus Americanus doesn’t feel any pain in his wallet when he sends his kids out the door each day to be indoctrinated by complete strangers who are answerable to nobody but the political class, which in turn is answerable to no one but itself. Boobus, for his part, is only too happy to turn the tedious task of educating and nurturing his kids over to somebody else, leaving him free to spent his time slaving away to accumulate ever more useless material possessions, thereby forking over more money to the State in the form of confiscatory taxes, then burning what little free time he has on bread-and-circus distractions like the idiot box and alcohol.

    This is our national lot today, and it’s unlikely to change until the economy disintegrates completely, at which point Boobus and his uneducated, brainwashed offspring will be up shit creek without a paddle. That’s when the real ugliness will rear its head.

    I would say that it’s time to abandon the sinking ship called Amerika, but don’t expect life anywhere else to be much better. Indeed, expect things to be especially inhospitable for Amerikan refugees, most of whom will bear the brunt of blame and criticism, however undeserved, for the havoc “their” government has wrought across the globe.

  • steven

    Its not just the US. It seems that all western “democracies” are turning into nanny states run by corrupt idiots you would not trust to run a corner shop, let alone a country. And all the while the sheeple watch “reality” TV on the idiot box completely oblivious until they lose their job to china. Then they ask how did things get so bad? ha. If the people don’t wake up soon then they deserve what they get.

  • VegasBob

    Most people live in a state of ongoing denial.

    People refuse to see reality for a variety of reasons.

    However, the primary reason is that tens of millions of people in this country draw their salaries and pensions from our corrupt and fraudulent government and financial systems.

    Seeing reality would require these folks to admit that their lives are based on a complete fraud. Moreover, these people would all be forced to find honest work, instead of performing the silly make-work tasks that they believe are some kind of ‘work.’

  • DownWithLibs

    Had to pay $4.059 per gallon for unleaded last Friday. That was painful enough. Not looking forward to $5.00/gal.

  • James

    Hmmm, I wonder why we shouldn’t be able to pass at least the math part of the Harvard test? Most college entrance math tests today include calculus. I wonder if any of the members of Congress could pass this test?

  • James

    We should never have left the farm. Most farm people can do things that the average city slicker can’t. I bet they could pass this test.

  • Otown Right Guy

    Those of us who listened to Ron Paul are already hedged in gold, silver and oil. So the rising prices of those commodities are neither a surprise nor a problem. Those of you who believed in the dollar, the Fed and the central planners in DC have only yourselves to blame.

  • PaulF

    Speaking of Jersey Shore and SHTF, can you imagine how many people Snooki’s carcass will feed?

    (Michael, I had some wine tonight and I’m sorry my comments are not up to my usual level.)

    • Michael

      LOL that is okay Paul

      Michael

  • Jane

    Frank is right. And… England has or is implementing laws to ’round up’ young people between the ages of 18-21 if they are not or have not had any job or prospects. They will be required to work for the gov’t. {cue movie 1984} No one will be allowed to just ‘hang out’, this causes big problems and social issues. What, in my opinion, causes young people to throw away their future? The education system. Designed to fail. Read “The Deliberate Dumbing Down Of America by Charlotte Iserbyt. She has put it free online [pdf]Only then will you understand what has been done to us all…….

    • Paige

      Good! We need to do that here and in Canada. Only here we need to make it not just ages 18-21 but ages 35 and up, too.

  • The Unicorn

    The student loan amount is shocking.The sad part is that in a way it subsidizes a broken structure while giving the the Banks a guaranteed return.Student loans also compete with other types of loans making it almost impossible for an entrepreneur to get a loan without help from the goverment.What bank would make a loan to some entrepreneur when it can make a student loan with almost ZERO risk?

  • Mario

    My friends the only hope that we have is in Jesus. God is the same today as yesterday and tomorrow. He is the only constant in this world. If your hope is in this world then I’m sorry to tell you but you will be disappointed.
    Just for the heck of it pick up the Bible and start reading, it sure can’t hurt .

  • Michael

    The real horror story is that the US spent 8 times more than it took in last month.

    http://cnsnews.com/news/article/march-madness-feds-spent-more-eight-time

    The US budget deficit was an astounding 925 billion! But most of that doesn’t count because most if it was for interest on the debt (about 800 billion).

    Foreigners have stopped buying 10 and 20 year bonds and are now buying 1 and 2 year bonds, so the Treasury has to service the debt much faster.

    Obviously, these deficits are not sustainable. Most people just shrug their shoulders when I tell them this. America is almost finished.

  • mondobeyondo

    After looking at that Harvard entrance exam from 1869, I can safely conclude that about 98 percent of today’s high school graduates would be immediately rejected from Harvard.

    Many Americans today can’t find their own country or state on a world map. Imagine trying to decipher Latin or Greek, or solve an algebraic equation. *Gasp!!* How far we have fallen.

    Under the present economic situation, the USA and the dollar are doomed. Sorry to break to news to you, but it’s not 1955 anymore. Our massive debts are unsustainable, even in the best of circumstances. The turbulent international world scene, in the Middle East, Japan, etc. doesn’t make things any better.

    Make a reservation for a lifeboat. You are going to need one. This ship’s going down, but most people are too addicted to American Idol to notice the water swirling around their ankles. Time to take some “swimming” lessons, before it’s too late.

    Come gather ’round people, wherever you roam
    And admit that the waters around you have grown
    And accept it that soon, you’ll be drenched to the bone
    If your time to you is worth savin’
    Then you better start swimmin’
    Or you’ll sink like a stone
    For the times they are a-changin’.
    (Bob Dylan, 1964)

    • Paige

      Well I only took Latin in high school and not Greek or Sanscrit, but then it was and still is a college prep school so that doesn’t count as a “normal” American high school. Also that was in the 80′s. That school no longer teaches Latin as the only person qualified to teach it recently quit in frustration – I mean “early retired.”

  • mondobeyondo

    “Americans now owe more than $903 billion on student loans.”

    And for what? What value of education are we getting for that $903 billion in student loan debt?

    If the only thing we are getting in return for this massive expenditure, is a generation of burger flippers and store front greeters, it is a colossal waste of time, money and resources.

    • Michael

      That is very true Mondo.

      Michael

  • Gary2

    #7 During the 2010 campaign, the Republicans promised voters they would cut $100 billion from the budget for 2011. Instead, they gave in when the Democrats offered just $38.5 billion.

    You stupid tea baggers-don’t you understand that you are simply cannon fodder for the rich GOPers/chamber of commerce?

    They don’t give a shit about your social conservative agenda and most certainly will not shut down the government over it. They would loose too much money if they did.

    Do you really think they would shut down the government over your misguided concern about planned parenthood? You got played and I love seeing you go down.

    Your agenda is to take from the poor and give to the rich and you are way too radical for this country. HA HA HA suckers!

  • Gary2

    “17 According to the New York Times, as of 2009 the wealthiest 5 percent of all Americans had 63.5 percent of all the wealth in America. Meanwhile, the bottom 80 percent had just 12.8 percent of all the wealth.”

    How the hell many more times do I have to keep saying we need to tax the rich hard and spread the wealth???Are republicans mentally ill?(YES)

  • The Beast

    My question is not “if the present global system will fall”. I’m asking now “when will it fall?”. And from the phenomenon brought to my attention, that “when” is not in the next decade, not in more than five years, but somewhere between 2011-2013.
    Looks like the Mayan priests got it right after all.
    I hate to repeat what has been said all over, but I have to say it again: “In God is the only salvation. God is Noah’s ark.”
    *sigh*

  • Colin

    While our politicians preach the value of a good education and Hollywood extols the transformative power of teachers, education budgets are being cut across the country resulting in the closing of schools, the firing of teachers, and larger class sizes. Adding to the burden, politicians are politicizing the education process. In Texas and Virginia, school boards are promoting a pro-conservative agenda by re-writing history texts that will further lead to historical illiteracy in the state’s students. In Tennessee, the state passed a law protecting teachers from prosecution if they teach creationism in the science classes.

    • Paige

      Remind me never to seek a teaching credential from Virginia or Tennessee!

  • Nick L NYC

    Ever hear of personal responsibility?? Was anyone forced to accept $100,000 in student loans – a good amount used for ‘living expenses’ & new car payments?

    And adults — stop shoveling food in your mouth from ‘cheesecake factory & McD’s’ ******************************… I am sick to death of reading these bleeding heart articles.

    Has anyone between the ages of 20-34 ever filed a tax return let alone pay federal taxes?? I am 36 and have paid the maximum amount of state tax plus federal taxes etc for years

  • http://www.infowars.com H0llyw00d

    Bye, Bye Ms American Pie….

  • Gary2

    Reversing tax giveaways to the super-rich and the nation’s largest corporations could raise $4 trillion within a decade and avert possible government closures, according to a newly released report.

    TAX THE RICH HARD AND SPREAD THE WEALTH!

    ITS COMING…

  • liberranter

    What value of education are we getting for that $903 billion in student loan debt?

    None whatsoever. People should NEVER confuse “education” with “learning.” One does not need a $50,000 piece of parchment to demonstrate that one is educated (hint: MIT has uploaded its entire undergraduate curriculum to the web, where it is accessible to ANYONE, FOR FREE. Check it out here:http://ocw.mit.edu/OcwWeb/web/home/home/index.htm. If you have the time and dedication, you can go here, or to a number of other online resources and educate YOURSELF at no expense other than your time.)

  • SD

    Talk about being “dumbed down”, the entrance exam is clearly stamped 1899 not 1869.

    • Michael

      Take a closer look at the exam SD….

  • Mac

    We can blame anyone we want for this mess, and yes I agree that many in National and local Gov. are responsible for it.
    However we MUST remember WE allowed them to be elected in thefirst place. Time to wake up, though I fear that it is too late to avert a disaster just over the horizon.

  • Afi K. James

    Gary2
    April 12th, 2011 at 3:21 pm
    Reversing tax giveaways to the super-rich and the nation’s largest corporations could raise $4 trillion within a decade and avert possible government closures, according to a newly released report.

    TAX THE RICH HARD AND SPREAD THE WEALTH

    Who cares, no more tax breaks for everyone, how about ending the income tax, the 16th amendment and others.

  • Afi K. James

    End the corporate income tax, end all taxes, reduce the tax rate down to zero, End the IRS, The 16th amendment and much more

    END THE FED.

  • impeachRonPaul

    Tax cuts to billionaires brought to you by the republicans.

  • http://www.pathtoasia.com rhea

    Funny how none of these “public servants” ”send a message” by turning down salaries and benefits from their own “jobs”. The state governments are at least as bad as the federal government.

    We help Americans find jobs and prosperity in Asia. Visit http://www.pathtoasia.com/jobs1/ for details.

  • http://theeconomiccollapseblog.com/archives/young-girls-banned-from-selling-girl-scout-cookies-on-their-own-front-lawn Haalen

    Something happened along the way that most people didn’t notice. Every one of the ten planks to the communist manifesto has been implemented into the US economy. Don’t believe it, check it out. Our anti-left conservative right hasn’t even reported this to us. Why is this happening to America when we know communism doesn’t work? Our left / right MSM keeps right on letting us believe that we have a free enterprise economy, and because of that, we will spring back onto the world scene as a super-economy again. Spare me.

    Including all the others who followed after the Ronald Reagan’s trickle down on us got us to this desperate point. Those who just believe things are just waiting to burst out into good times again—don’t hold your breath. The baby-boomer generation had the best times and the best opportunity than any generation ever had, and I am afraid they p****d it away.

    Reagan and the bunch that followed him outsourced Americas manufacturing. The political left and right financed this loss of America’s jobs with corporate tax incentives. We were promised a new improved service / professional economy. Where is it?

    Than our wall street masters went on job / business destruction program called hostile corporate takeover and leveraged buy outs. These pirates took over financially sound companies, drove them into debt, sold off important company assets, got employees to give wage and benefit concessions and destroyed their unions. These pirates then gave themselves million-dollar salaries and million-dollar bonuses before they moved on to expand their path of destruction.

    Don’t worry be happy. Things just always get better. Evolution says so, doesn’t it? In reality entropy says the opposite. When our destroyers began implementing their plans of outsourcing jobs in America, we could have done something. But we didn’t. People who have a job don’t care if someone else loses his.

    Good article…………

  • tom tom

    =
    “West borrows just to pay interest,
    cant pay principal (unless sci. finds
    cheap energy asap). S .a. m.’ s total
    debtts pub. + prv. $189t, trillon
    twelve zeros” (Kot. Lee. Coff says)

  • JOSEPH FOSTER

    Joseph Foster, Author, ‘’Destruction of America”, subtitled “Stand up for America’ ’Release date May 2012
    My blog: http://boblupoli.blogspot.com/

    Washington Fools Game perpetrated on the American People.

    Here are some salient facts;
    The debt ceiling has been raised 74 times since 1962-with 10 of those increases
    Coming in the last 10 years.
    In 1917 it was $11.5 billion. Today it’s $14.204 trillion, perhaps higher.

    Based on the latest report our politicians in Capitol Hill have struggled to cut government spending by $38.5 billion a drop in a bucket, this comes to approximately a cut in the budget by 0.23%
    They have you fooled that they out to cutting spending, we hear all sorts of
    Rhetoric from politicians’ that want us to believe they are slugging it out to cut spending.
    Now that the debate is over, and the debt ceiling has been approved, both parties will continue business as usual, in approving all sorts of entitlement, used to buy more votes, financial favors and other pet projects, finally in the not long distance future, the apoplectic event of the collapse of the U.S. dollar will occur, at that point all hell will break loose and hyperinflation will fall upon us like a Tsunami destroying the financial well beings of millions of our citizen.
    Many investors have begun to take gold very seriously and by the latest news both Gold and Silver are going higher.

    The events of history gives us a glimpse as to the future of America, which
    At present is in a decline mode, the decline was brought upon by a government that the American people have elected during the past three or four decades, it has become mired to serve special interest group.
    The American voters has become confused for they lack for the most part
    Knowledge in politics, and fall for one line spin, some of the voters are labeled flag waivers, these group support more defense spending, The liberal segment of our population take the view and expect the government to give the people more social benefit without the knowledge or care where the money will come from, Another group of voters that consider themselves conservatives, they want the government to cut spending, but when you ask should the defense budget be cut most of them will say no, reason being these group are influenced by big money that flows to a conservative candidate, other support come from frightened
    Americans, some are poor that have been duped that some enemy, is about to invade the U.S. Now both Democrats and Republicans share the same view as to
    Defense spending and both support our continuous role as the policeman of the world.

  • Terry

    Gary2–I hope you do not really beleive the nonsense you spout. Spreading the wealth worked out so well for the Soviets.

  • http://www.zumwaltlawgroup.com/ Texas Business Attorney

    Though your article depresses me, I’m impressed by your research. There’s no question we are in worse shape than we were 20 years ago.

  • http://www.itsourdebt.blogspot.com bigtravv

    We have known about these problems for years, but the can keeps on getting kicked. We are causing our own economic suicide and we dont care. We know it’s bad to overspend, but if we say anything publicly about slashing spending, people say it will have a worse effect on the economy. Wha??? I guess there is no winning!

  • http://moneycrisisgameplan.com Money Crisis Game Plan

    Those numbers truly are frightening, because we know that we can never repay our national debts, and defaulting on our debts is the only option.

    I try to focus on what I can control, which is my personal finances. If enough people took back control of their finances, eliminated their debts and built savings and wealth, it would have a great impact on our economy.

    To help increase your cashflow to fund your debt elimination and wealth building, get financial education from the Mike Dillard Elevation Group

  • http://naturalhealthtools.com David

    ‘Our “leaders” are running the greatest economy in the history of the world into the ground, but unfortunately most Americans have no idea what is happening.’

    The great majority of people think that the Fed will get things under control and the government will take care of them during the tough times.

    But when America defaults on its debts and the Dollar collapses, that support system will come crashing down.

    You need to prepare now for a financial crisis that will be much worse than the Great Depression.

    Get the SURVIVE IN PLACE Urban Survival Guide

  • http://freefood2gocoop.com Free Food 2Go

    Inflation is causing food prices and fuel prices to rise, which is squeezing people financially.

    Manufacturers and retail stores are reluctant to raise prices because they don’t want to lose customers, but they will be forced to in order to stay in business.

    When Walmart’s CEO warns of higher prices, you know were all in trouble.

    Free Food 2Go Preparedness Co-Op

  • notbychance

    People this was not all done because of stupidity. Though we have allowed this to happen because of our own fears, insecurities, stupidity, ignorance and a lack of courage, this is a planned destruction of the working,
    consuming, eaters that the powers that be see us as. This has been planned for as long as TPTB have known that the wealth of resources would eventually be depleted by large populations and higher standards of living in the west! These people know the best way to curb consumption is to get rid of the consumers and as most of you probably allready know the USA uses about 30 percent of those resources. I am not saying that this is the only reason but it is one of the most prevalent along with most Americans possessing firearms to defend themselves. Be prepared, cause there will come a time where we will not be able to purchase food and fuel. This is how they will get 60 to 80 percent of us to walk voluntarily into the FEMA camps. Though i have no proof of this its the only thing that makes any sense for how else can weary Americans be made to conform? If you do plan to purchase excess food supplies, make sure not to keep your eggs hidden in one basket! May God have mercy on us all!

  • http://mchamlaw.com chris

    I’ve never understood why we don’t just go with a flat tax. I’m okay with different rates for corporations and individuals but taxing the rich at one rate and the poor at another while leaving plenty of loopholes for the rich to wiggle through doesn’t make sense.

  • Alec

    They haven’t left us very many options to keep living by. Soon there won’t be any and we’ll have to either become full-time slaves for no pay and sometimes no food, or be guillotined for our crimes of being in debt, no doubt. That is, unless we’re prepared to do the unthinkable in order to keep living from day to day. What a perfect world they’ll have for themselves being in complete, total, 101% control. It’s as though they’re trying to make sure we have no choice but to starve to death!

    Furthermore, why is this all going down now all at once? Why 2012? Why use the Mayan callendar to cover up their evil misdeeds against humanity? Oh yeah, because people are religiously and supernaturally paranoid from watching way too many movies, so the government will create 2012 all by themselves (the ecomonic collapse is probably but one of many tactics they plan on using) and let us deal with each other while they escape in their airplanes to destroy and enslave the rest of the world with their eternal greed. Who’ll know, right? You can’t exactly say that they don’t think we’re stupid enough to buy into that lie if that is indeed the truth.

    Learn all you can about technology, from wood gasifiers (free, readily sustainable energy in your backyard from burning wood and other materials in a low oxygen container to collect natural gas for combustion engines) to utility fog (the same thing as magic through nanobots, computers and processing power (the only ingredient missing, soon to become a reality) to create matter out of “nothing”) and understand the possibilities of it and how they might plan to use technology against us to dazzle our minds and weaken our defenses even more. They’re already fighting dirty by not preparing us for basic survival (have *you* ever heard of a wood/biomass gasifier?), let alone what’s about to happen.

    I swear, if I survive through this… Nobody gets to murder most of the world in cold blood and get away with it! At this point, anything would make sense to me that could explain what’s been happening. Sometimes it feels to me as though the world is living in a TV show it’s so demented. I wish it were just TV.

  • Jason

    The funny thing about new technology is that the US government owns most of the patents on it.

    Meaning that while we resort to “solutions” like environmentally friendly technology, we’re still going to be taxed on income, sales, corporate profits, and estate/property transference.

    Then, the government will lease those patents to corporations, who will then charge US for the right to use the idea.

    Since when was the government allowed to make a profit? Since when was the government allowed to borrow money and make us foot the bill? the answer is 1927 and 1980.

    Andrew Jackson was the last president to represent the financial interests of “we the people”.

    If anybody reading this is hungry today, please realize that of the $54 trillion money supply in America, less than 1% of it could buy ALL THE FOOD IN AMERICA.

    Ancient societies spent 90-100% of their resources on growing crops. So why does anybody have to work anymore? What are we REALLY working for?

  • Andrew Mills

    The problem with the federal governments debt is that the money supply is via the private banks which charge interest on fictouis monetary notes. The interest on government debt goes to fat cat bankers all over the world. The correct way to issue money into the economy would be for the government to do it interest free (look at the state bank of S.D). However the bankers would not like it because they would not be able to rob us blind.

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