The Good, The Bad And The Ugly From The Fiscal Cliff Deal

The Good, The Bad And The Ugly From The Fiscal Cliff DealThe fiscal cliff deal contains more bad news than it does good news.  Yes, the tax increases on the middle class could have been much worse, and we should be thankful that Congress at least did something for the middle class.  Unfortunately, they didn’t do enough.  Every American worker is going to pay higher taxes next year as a result of this deal.  The fiscal cliff deal represents the biggest tax increase in 20 years, and it is also projected to increase the U.S. national debt by an additional 4 trillion dollars over the next decade.  In the final analysis, U.S. government finances are still wildly out of control and we are all going to be paying higher taxes.  Not a whole lot to be excited about, and nothing has really been fixed for the long-term.  Our politicians have kicked the can down the road once again, but someday they will run out of road and all of this debt will absolutely crush us.  And of course a lot of our politicians didn’t even really know what they were voting for.  The fiscal cliff bill was more than 150 pages long, and our Senators got the bill into their hands just 3 minutes before they voted on it.  So none of them actually read the bill.  But that is the way things work in America today.  The blind are leading the blind and everyone is mindlessly hoping that everything will turn out okay somehow.

For a few moments, let’s take a closer look at the fiscal cliff deal.  There are some good things in there, there are some bad things in there, and there are some things about the deal that are downright ugly.

The Good

-One of the best things about the fiscal cliff deal is that income tax rates did not rise on the poor and the middle class.  This is great news for millions of families that are struggling to make ends meet each month.  A significant rise in income tax rates would have been crippling.

-The Alternative Minimum Tax will now be permanently adjusted for inflation.  This is something that I had screamed about in previous articles.  If an AMT fix had not been passed, approximately 28 million households would have been hammered with the Alternative Minimum Tax on their 2012 earnings.

-Millions of unemployed workers will continue to receive extended federal unemployment benefits.  We probably cannot really afford to keep doing this, but at least now there won’t be millions of unemployed workers that suddenly have their only source of income shut off.  The next trick will be to find jobs for all of those workers.  Unfortunately, millions of our jobs continue to be shipped to the other side of the world.

The Bad

-Payroll taxes are going up for every American worker.  The fiscal cliff deal allows the 2 percent payroll tax cut to expire, and so now the average U.S. household bringing in about $50,000 a year will pay approximately $1,000 more per year in payroll taxes.  As a result, it is being projected that U.S. consumers will have $115 billion less in disposable income to spend in 2013.  Happy New Year American workers!

-The fiscal cliff deal did nothing about the new Obamacare taxes that went into effect on January 1st.  Many of these taxes will hurt the middle class.  To see an example of a receipt where a consumer was charged the new “medical excise tax” in Obamacare, just check out this article.

-The carried-interest deduction loophole remains intact, so incredibly wealthy hedge fund managers will continue to get away with paying very little in taxes.  If the rest of us are being taxed into oblivion, then they should share in the pain with the rest of us.  Of course I personally believe that the income tax should be abolished entirely, but none of our politicians seem interested in that idea at all.

-Income tax rates will increase for high earners.  This will hurt a lot of small businesses.  Many small businesses that earn more than $400,000 a year will now be faced with making some really tough choices.  Some may have to lay off workers.  The top rate will now be 39.6 percent, but when other federal and state taxes are factored in, many small businesses will now be paying a top marginal rate of well over 50 percent.  That is absolutely obscene.

-A compromise was reached on the estate tax.  The exemption was scheduled to fall to just $1 million and the rate was scheduled to go up to 55 percent, and fortunately Congress decided to do something about that.  As I have written about previously, that would have been a disaster for many small businesses and family farms.  As a result of the fiscal cliff deal, the estate tax will only rise from 35 percent to 40 percent.  The exemption for individuals will be about 5 million dollars and for couples it will be about 10 million dollars, and those figures will now be indexed for inflation.  A tax increase is never a good thing, but if Congress had done nothing things would have been far worse.

-The fiscal cliff deal contains a lot of pork.  In particular, it contains provisions that extend specific tax breaks related to Puerto Rican rum, electric motorcycles, biodiesel and renewable diesel fuel, the film and television business, and motorsports entertainment complexes.

The Ugly

According to the Congressional Budget Office, as a result of this deal the U.S. national debt will be about $4 trillion higher a decade from now than it would have been if Congress had done nothing.

The deficit for fiscal year 2013 alone will be about $330 billion higher than it would have been if Congress had done nothing.

So this deal has made our debt problems even worse.

Right now, the U.S. has a debt to GDP ratio of about 103 percent.  We are already well into the “danger zone”, yet most Americans still don’t seem very concerned about all of this debt.

The fiscal cliff deal contained hardly any spending cuts at all.  In fact, there was a 41 to 1 ratio of tax increases to spending cuts in the deal.  The Democrats definitely won this round.  But of course they had most of the leverage.  If Congress had done nothing, the middle class would have been absolutely devastated by all of the tax increases, and the Republicans were desperate to prevent that.

But now that the battle over taxes is done, the leverage is going to shift over to the Republicans for the next big fight.

The battle over the debt ceiling is next.  If Congress does not act, the U.S. government will soon not be able to borrow any additional money.  This battle will be one of the stories that dominates the headlines over the next few months.

If the Republicans want to do something serious about spending, now is their chance.  The battle over tax rates is already over, and there is no election in November.  The Republicans could conceivably say “NO” to a debt ceiling increase if they want to.  If that happened, the federal government would only be able to spend the money that it already has.  It would not be able to borrow more.  That would mean that we would have to start living within our means.

What a novel concept.

Of course there is no reason to believe that the Republicans in the House will suddenly grow a spine.  They have folded every other time that the debt ceiling has come up.  It will probably be the same again in 2013.

And Barack Obama is already saying that there will be “no negotiations” over the debt ceiling this time.  He expects the Republicans to raise the debt ceiling for him without getting anything in return

“I will not have another debate with this Congress over whether they will pay the bills they’ve already racked up.”

But the U.S. government cannot spend a single penny or borrow a single penny without the approval of the U.S. House of Representatives.

If the Republicans in the House want to ever get serious about government spending, the upcoming battle over the debt ceiling is a golden opportunity.

They could stop the Obama administration from piling up crazy amounts of debt if they want to.  All they need is the courage to take a stand.

During the first four years of the Obama administration, the U.S. government accumulated about as much debt as it did from the time that George Washington took office to the time that George W. Bush took office.

The Republicans have had control of the House for about half of that time.  That means that they have been willing accomplices.

So will they take a stand?

That is very doubtful.  Over the past few years they have exhibited the intestinal fortitude of a frightened chicken.  They will probably huff and puff a little bit, but in the end they will probably give in to Obama once again.

But what we are doing to our children and our grandchildren is so immoral that it is hard to describe.  We are stealing more than 100 million dollars from them every single hour of every single day, and we plan on leaving them with the biggest pile of debt the world has ever seen.  We should be absolutely ashamed of ourselves.

Why can’t we just spend the money that we have?

What would be so wrong with that?

Unfortunately, that would mean such a painful downward adjustment in our standard of living that most Americans would freak out.  We are addicted to debt-fueled prosperity, and so we can’t stop stealing from future generations.  We need their money to feed our addiction.

In the end, this gigantic mountain of debt is absolutely going to destroy everything that our forefathers built for us.  There have been some people that have been warning about this for decades, but the American people did not listen.

Soon enough, we will all pay the price for this foolishness.

Obama And Boehner - The Debt Ceiling Battle Comes Next

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

The Number Of People On Welfare Exceeds The Number Of People With Jobs In 11 StatesAmerica is rapidly becoming a nation of takers.  An increasing number of Americans expect the government to take care of them from the cradle to the grave, and they expect the government to dig into the pockets of others in order to pay for it all.  This philosophy can be very seductive, but what happens when the number of takers eventually outnumbers the number of producers?  In 11 different U.S. states, the number of government dependents exceeds the number of private sector workers.  This list of states includes some of the biggest states in the country: California, New York, Illinois, Ohio, Maine, Kentucky, South Carolina, Mississippi, Alabama, New Mexico and Hawaii.  It is interesting to note that seven of those states were won by Barack Obama on election night.  In California, there are 139 “takers” for every 100 private sector workers.  That is crazy!  The American people have become absolutely addicted to government money, and it gets worse with each passing year.  If you can believe it, entitlements accounted for 62 percent of all federal spending in fiscal year 2012.  It would be one thing if we could afford all of this spending, but unfortunately we simply cannot.  We are drowning in debt, and we are stealing more than a hundred million more dollars from future generations with each passing hour.  No bank robber in history can match that kind of theft.

Yes, we will always need a safety net.  There are many people out there that simply cannot take care of themselves.  We certainly don’t want to see anyone sleeping in the streets or starving to death.

But if the number of people jumping on to the safety net continues to grow at the current pace, the net will break and it will not be available for any of us.

For example, the number of Americans on food stamps grew from about 17 million in 2000 to more than 47 million today.  It nearly tripled in just 12 years.

What will happen if it nearly triples again over the next 12 years?

The federal government even has a website (benefits.gov) that guides people through the process of figuring out what welfare programs they can take advantage of.

Overall, the federal government runs nearly 80 different “means-tested welfare programs” and more than 100 million Americans are already enrolled in at least one of those programs.

Yes, I realize that figure is very hard to believe.  I had a hard time believing it when I first came across it.

And it is even more shocking when you realize that the figure of 100 million Americans does not even include those who only receive Social Security or Medicare.

Today, there are 56.76 million Americans on Social Security.

To support all of those Americans on Social Security, there are only about 94.75 million full-time private sector workers.

So there are just 1.67 full-time private sector workers to support each American that is on Social Security.

Medicare is also growing like crazy.  As I wrote about the other day, the number of Americans on Medicare is expected to grow from 50.7 million in 2012 to 73.2 million in 2025.

How much farther can we push things before the entire system collapses?

In order to support this exploding entitlement system, we need a lot more Americans to be working good paying jobs.

Unfortunately, millions of good paying jobs continue to be shipped overseas and they aren’t coming back.

We are even losing good jobs to our own prisoners.  The United States has the largest prison population in the world by far, and the exploitation of that low wage labor pool has become a boom industry in America.  Even Microsoft and Boeing are using prison labor now.  Just check out this video.

Meanwhile, there are millions upon millions of law-abiding Americans that cannot find jobs and that cannot take care of their families.

So poverty and dependence on the government are absolutely exploding.  We have a system that is so messed up that it is hard to even put it into words.  The middle class is being viciously shredded, and most Americans just continue to applaud the politicians from both parties that are doing this to us.

Our economy is being gutted at the same time that the welfare state is experiencing unprecedented growth.  Instead of giving us real answers, our “leaders” just continue to borrow, spend and print more money.  We are about to hit the debt limit again, and the Obama administration is saying that we should just do away with the debt limit permanently.

Most of our politicians don’t seem to understand that they are systematically destroying our economy and the bright futures that our children and our grandchildren were supposed to have.

But there are some politicians out there that get it.  Unfortunately, many of them live in other countries.  For example, Canadian MP Pierre Poilievre seems to have a firm grasp on what debt is doing to the United States.  The following are some excerpts from one of his speeches…

“By 2020, the US Government will be spending more annually on debt interest than the total combined military budgets of China, Britain, France, Russia, Japan, Germany, Saudi Arabia, India, Italy, South Korea, Brazil, Canada, Australia, Spain, Turkey, and Israel.”

“Through government spending the indulgence of one is the burden of another; through government borrowing, the excess of one generation becomes the yoke of the next; through international bailouts, one nation’s extravagance becomes another nation’s debt”

“Everyone takes, nobody makes, work doesn’t pay, indulgence doesn’t cost, money is free, and money is worthless.”

You can see his entire speech right here.

And if we continue down this path it is most definitely true that our money will eventually become worthless at some point.  Just today I was down at the grocery store, and a can of chili that I was able to get on sale for 75 cents a couple of years ago now has a “sale price” of $1.69.  If the Federal Reserve keeps recklessly printing dollars, eventually we will be fortunate to get a can of chili for 10 bucks.  Things cost too much already, and the Fed seems absolutely determined to cut the legs out from under the U.S. dollar.

Unfortunately, printing money is the only way that we are going to be able to service the gigantic amounts of debt that we are accumulating.

According to Chris Cox and Bill Archer, two men who served on Bill Clinton’s Bipartisan Commission on Entitlement and Tax Reform, there is no way in the world that we could raise taxes high enough to pay for all of the obligations that we are currently taking on.  They say that even if we taxed all corporations and all individuals at a 100% tax rate on all income over $66,193,  “it wouldn’t be nearly enough to fund the over $8 trillion per year in the growth of U.S. liabilities.

Are you starting to get an idea of how much trouble we are in?

We don’t have enough money to pay for all of this.

We are broke.

Our current economy is a debt-induced illusion, and we will soon be waking up to a tremendous amount of pain.

Are you ready?

Are You Ready?

Agenda 21 Is Being Rammed Down The Throats Of Local Communities All Over America

United Nations FlagHave you ever heard of Agenda 21?  If not, don’t feel bad, because most Americans haven’t.  It is essentially a blueprint for a “sustainable world” that was introduced at the UN Conference on Environment and Development in Rio de Janeiro, Brazil in 1992.  Since then, it has been adopted by more than 200 counties and it has been modified and updated at other UN environmental summits.  The philosophy behind Agenda 21 is that our environmental problems are the number one problem that we are facing, and that those problems are being caused by human activity.  Therefore, according to Agenda 21 human activity needs to be tightly monitored, regulated and controlled for the greater good.  Individual liberties and freedoms must be sacrificed for the good of the planet.  If you are thinking that this sounds like it is exactly the opposite of what our founding fathers intended when they established this nation, you would be on the right track.  Those that promote the philosophy underlying Agenda 21 believe that human activity must be “managed” and that letting people make their own decisions is “destructive” and “dangerous”.  Sadly, the principles behind Agenda 21 are being rammed down the throats of local communities all over America, and most of the people living in those communities don’t even realize it.

So how is this being done?  Well, after Agenda 21 was adopted, an international organization known as the “International Council for Local Environmental Initiatives” (ICLEI) was established to help implement the goals of Agenda 21 in local communities.  One thing that they learned very quickly was that the “Agenda 21” label was a red flag for a lot of people.  It tended to create quite a bit of opposition on the local level.

As they try to implement their goals, they very rarely use the term “Agenda 21” anymore.  Instead, they use much more harmless sounding labels such as “smart growth”, “comprehensive land use planning” and especially “sustainable development”.

So just because something does not carry the Agenda 21 label does not mean that it is not promoting the goals of Agenda 21.

The goals of Agenda 21 are not only being implemented in the United States.  This is a massive worldwide effort that is being coordinated by the United Nations.  An article that was posted on RedState.com discussed some of the history of Agenda 21…

In simplified terms, Agenda 21 is a master blueprint, or guidelines, for constructing “sustainable” communities. Agenda 21 was put forth by the UN’s Commission on Sustainable Development, and was adopted by over 200 countries (signed into “soft law” by George Bush Sr.) at the United Nations Rio Conference in 1992. In 1994 the President’s Council for Sustainable Development was created via Executive Order by Bill Clinton to begin coordinating efforts at the Federal level to make the US Agenda 21 compliant.

The same year that Bill Clinton established the President’s Council for Sustainable Development, the International Code Council was also created.

The International Code Council has developed a large number of “international codes” which are intended to replace existing building codes all over the United States.  The following is a list of these codes from Wikipedia

  • International Building Code
  • International Residential Code
  • International Fire Code
  • International Plumbing Code
  • International Mechanical Code
  • International Fuel Gas Code
  • International Energy Conservation Code
  • ICC Performance Code
  • International Wildland Urban Interface Code
  • International Existing Building Code
  • International Property Maintenance Code
  • International Private Sewage Disposal Code
  • International Zoning Code
  • International Green Construction Code

These codes are very long and exceedingly boring, and those that write them know that hardly anyone will ever read them.

And for the most part, they contain a lot of things that are contained in existing building codes or that are common sense.

But a lot of poison has also been inserted into these codes.  If you read them carefully, the influence of Agenda 21 is painfully obvious.

Unfortunately, even most of the local politicians that are adopting these codes don’t take the time to read them.  Most of them just assume that they are “updating” their existing building codes.

So what often happens is that there will be fights in local communities between citizens that are concerned about the encroachment of Agenda 21 and local politicians who regard such talk as nonsense.  The following is an example of what is happening all over the nation

Summit Hill Borough Council last night unanimously adopted the “2012 edition of the International Property Maintenance Code,” but not before some audience members expressed vehement opposition to it.

An overflow crowd of 34 people attended the meeting, with some there to specifically voice their displeasure.

Sandy Dellicker, a borough resident, said she was against using an “international” maintenance code, arguing that it falls under the plan of Agenda 21 of the United Nations; an agenda for the 21st Century.

She said, “UN Agenda 21/Sustainable Development is the action plan to inventory and control all land, all water, all minerals, all plants, all animals, all construction, all means of production, all information, all energy, and all human beings in the world.”

“This is not a conspiracy theory,” she told the council. “This is for real.”

She said the International Property Maintenance Code had been adopted in Montgomery County, but the county “has already gotten rid of it” because of its dictatorial direction.

“This is not what Summit Hill and the United States is about,” she said.

Council members pooh-poohed her assessment. “In my opinion, the International Property Maintenance Code is to protect citizens,” said Council President Michael Kokinda.

It would be great if these codes were just about public safety.  But that is simply not the case.  Sadly, these codes are often used to fine or even imprison homeowners that haven’t done anything wrong.  Sometimes “code violations” are even used as justification to legally steal property from law-abiding homeowners.  A post on the Freedom Reigns Radio blog detailed some of the things that are often done in the name of “code enforcement”…

1) The ‘Code Official’ – anybody the jurisdiction calls – a ‘Code Official’ – is the sole interpreter – no due process – Gestapo!

2) Every day an offense occurs is a separate mandatory misdemeanor – $555/day and/or a month in jail in Charleston, W.Va. They can fine you out of your home and jail you at their whim!

3) Anything the ‘Code Official’ says is not in good working condition – sticky window, dented or plugged gutter, torn window screen – whatever he says is not in good working order – hundreds of dollars of fines per day and/or jail time – usually a month – for every day the offense occurs.

4) Any unsanitary condition – whatever the ‘Code Official’ says is an ‘unsanitary condition’ – empty pop cans – puddles – dog droppings on your property – same deal – same fines and/or jail time – every day.

5) Any plant that the ‘Code Official’ says is a ‘noxious weed’ – same deal – same fines and/or jail time – every day. He can steal raw land.

6) He can fine you out of your home and jail you with no due process. Any court proceedings are window dressing as there is no remedy associated with this ‘code.’

7) It can be ‘adopted’ – just by an ‘administrative decree.’
WITHOUT COURT ACTION OR NOTICE THE CODE OFFICIAL CAN:
1) Enter your house whenever he – the sole interpreter – deems reasonable.
2) Prevent you from entering your house.
3) Tear your house down with your stuff in it.
4) Bill you for the demolition.
5) Place a lien on it for fines and/or demolition charges – steal it.
6) And ‘best’ of all, no insurance I know of will cover your losses.

You’re left w/a house and your ‘stuff’ in a landfill – and any remaining unpaid mortgage, any remaining fines, any remaining taxes, and any remaining demolition charges after they steal your property

These codes restrict what homeowners can do with their own properties in thousands of different ways.  If you rebel against one of the codes, the penalties can be extremely harsh.

And there is often “selective enforcement” of these codes.  That means that they will leave most people alone but they will come down really hard on people that they do not like.  You could even end up with a SWAT team on your doorstep.

Just ask some of the people who have been through this kind of thing.

Even if you have your mortgage completely paid off, that doesn’t mean that you really “own” your property.  If you don’t pay your taxes and obey the “codes”, you could lose your property very rapidly.

The philosophy behind all of this is the same philosophy behind Agenda 21.  The elite believe that you cannot be trusted to do the “right thing” with your own property and that your activity must be “managed” for the greater good.  They believe that by controlling you and restricting your liberties that they are “saving the planet”.

Unfortunately, you can probably expect this to get a whole lot worse in the years ahead.  Our society is shifting from one that cherishes individual liberties and freedoms to one that is fully embracing collectivism.  So our politicians will likely be making even more of our decisions for us as the years move forward.

Do any of you out there have any “code violation horror stories” to share?  If so, please share them with us by posting a comment below…

Amerika

 

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

75 Economic Numbers From 2012 That Are Almost Too Crazy To BelieveWhat a year 2012 has been!  The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just “tweaking” things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic “adjustment” that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up.

The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be “just fine”, just show them these numbers.  They are a good summary of the problems that the U.S. economy is currently facing.

The following are 50 economic numbers from 2012 that are almost too crazy to believe…

#1 In December 2008, 31.6 million Americans were on food stamps.  Today, a new all-time record of 47.7 million Americans are on food stamps.  That number has increased by more than 50 percent over the past four years, and yet the mainstream media still has the gall to insist that “things are getting better”.

#2 Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.

#3 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

#4 According to one recent survey, 55 percent of all Americans have received money from a safety net program run by the federal government at some point in their lives.

#5 For the first time ever, more than a million public school students in the United States are homeless.  That number has risen by 57 percent since the 2006-2007 school year.

#6 Median household income in the U.S. has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

#7 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

#8 The percentage of working age Americans with a job has been under 59 percent for 39 months in a row.

#9 In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed.  In November 2012, 58.7 percent of all working age Americans were employed.  It is more then 3 years later, and we are in the exact same place.

#10 When you total up all working age Americans that do not have a job in America today, it comes to more than 100 million.

#11 According to one recent survey, 55 percent of all small business owners in America “say they would not start a business today given what they know now and in the current environment.”

#12 The number of jobs at new small businesses continues to decline.  According to economist Tim Kane, the following is how the decline in the number of startup jobs per 1000 Americans breaks down by presidential administration

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#13 The U.S. share of global GDP has fallen from 31.8 percent in 2001 to 21.6 percent in 2011.

#14 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#15 There are four major U.S. banks that each have more than 40 trillion dollars of exposure to derivatives.

#16 In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million.

#17 According to the Pew Research Center, 61 percent of all Americans were “middle income” back in 1971.  Today, only 51 percent of all Americans are.

#18 The Pew Research Center has also found that 85 percent of all middle class Americans say that it is harder to maintain a middle class standard of living today than it was 10 years ago.

#19 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#20 Right now, approximately 48 percent of all Americans are either considered to be “low income” or are living in poverty.

#21 Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.

#22 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.

#23 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#24 The average amount of time that an unemployed worker stays out of work in the United States is 40 weeks.

#25 If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less.

#26 According to the U.S. Census Bureau, an all-time record 49 percent of all Americans live in a home where at least one person receives financial assistance from the federal government.  Back in 1983, that number was less than 30 percent.

#27 Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  And that does not even count Social Security or Medicare.  Overall, there are almost 80 different “means-tested welfare programs” that the federal government is currently running.

#28 When you account for all government transfer payments and all forms of government employment, more than half of all Americans are now at least partially financially dependent on the government.

#29 Barack Obama has been president for less than four years, and during that time the number of Americans “not in the labor force” has increased by nearly 8.5 million.  Something seems really “off” about that number, because during the entire decade of the 1980s the number of Americans “not in the labor force” only rose by about 2.5 million.

#30 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#31 According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.

#32 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#33 Right now, approximately 25 million American adults are living with their parents.

#34 As the economy has slowed down, so has the number of marriages.  According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married.  Back in 1960, 72 percent of all U.S. adults were married.

#35 At this point, only 24.6 percent of all jobs in the United States are good jobs.

#36 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#37 Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

#38 If you can believe it, one out of every seven Americans has at least 10 credit cards.

#39 One survey of business executives has ranked California as the worst state in America to do business for 8 years in a row.

#40 In the city of Detroit today, more than 50 percent of all children are living in poverty, and close to 50 percent of all adults are functionally illiterate.

#41 It is being projected that half of all American children will be on food stamps at least once before they turn 18 years of age.

#42 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

#43 If you can believe it, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed last year.

#44 The U.S. economy continues to trade good paying jobs for low paying jobs.  60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#45 Our trade deficit with China in 2011 was $295.5 billion.  That was the largest trade deficit that one country has had with another country in the history of the planet.

#46 The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#47 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#48 The U.S. tax code is now more than 3.8 million words long.  If you took all of William Shakespeare’s works and collected them together, the entire collection would only be about 900,000 words long.

#49 According to the IMF, the global elite are holding a total of 18 trillion dollars in offshore banking havens such as the Cayman Islands.

#50 The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

#51 2012 was the third year in a row that the yield for corn has declined in the United States.

#52 Experts are telling us that global food reserves have reached their lowest level in almost 40 years.

#53 One recent survey discovered that 40 percent of all Americans have $500 or less in savings.

#54 If you can believe it, one recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.

#55 Medical costs related to obesity in the United States are estimated to be approximately $147 billion a year.

#56 Corporate profits as a percentage of GDP are at an all-time high.  Meanwhile, wages as a percentage of GDP are near an all-time low.

#57 Today, the wealthiest 1 percent of all Americans own more wealth than the bottom 95 percent combined.

#58 The wealthiest 400 families in the United States have about as much wealth as the bottom 50 percent of all Americans combined.

#59 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

#60 At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

#61 Nearly 500,000 federal employees now make at least $100,000 a year.

#62 In 2006, only 12 percent of all federal workers made $100,000 or more per year.  Now, approximately 22 percent of all federal workers do.

#63 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.

#64 Nearly 15,000 retired federal workers are collecting federal pensions for life worth at least $100,000 annually.  The list includes such names as Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.

#65 U.S. taxpayers spend more than 20 times as much on the Obamas as British taxpayers spend on the royal family.

#66 Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.

#67 If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

#68 During fiscal year 2012, 62 percent of the federal budget was spent on entitlements.

#69 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, approximately one out of every 6 Americans is on Medicaid.

#70 It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#71 Medicare is also growing by leaps and bounds.  As I wrote about recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#72 Thanks to our foolish politicians (including Obama), Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for each and every household in the United States.

#73 Amazingly, the U.S. national debt is now up to 16.3 trillion dollars.  When Barack Obama first took office the national debt was just 10.6 trillion dollars.

#74 During the first four years of the Obama administration, the U.S. government accumulated about as much debt as it did from the time that George Washington took office to the time that George W. Bush took office.

#75 Today, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was originally created back in 1913.

Please share this article with as many people as you can.  Time is running out, and we need to wake up as many people as possible.

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22 Stats That Prove That There Is Something Seriously Wrong With Young Men In America

Young MenWhen are we finally going to admit that we have a very serious problem with this generation of young men in America?  We have failed them so dramatically that it is hard to put it into words.  We have raised an entire generation of young males that don’t know how to be men, and many of them feel completely lost.  Sometimes they feel so lost that they “snap” in very destructive ways.  Adam Lanza and James Holmes are two names that come to mind.  Why is it that mass murderers are almost always young men?  Why don’t young women behave the same way?  Sadly, Adam Lanza and James Holmes are just the tip of the iceberg of a much larger problem in our society.  Our young women vastly outperform our young men in almost every important statistical category.  Young men are much more likely to perform poorly in school, they are much more likely to have disciplinary problems and they are much more likely to commit suicide.  In the old days, our young men would gather in the streets or in the parks to play with one another after school, but today most of them are content to spend countless hours feeding their addictions to video games, movies and other forms of entertainment.  When our young men grow up, many of them are extremely averse to taking on responsibility.  They want to have lots of sex, but they aren’t interested in marriage.  They enjoy the comforts of living at home, but they don’t want to go out and pursue career goals so that they can provide those things for themselves.  Our young men are supposed to be “the leaders of tomorrow”, but instead many of them are a major burden on society.  When are we finally going to admit that something has gone horribly wrong?

There is even a name for this generation of young men that does not want to grow up.  It is called the “Peter Pan generation”.  They want to enjoy the benefits of being grown up without ever taking on the responsibilities.  A member of this “Peter Pan generation” recent wrote an article for the Daily Mail in which he discussed what he and his friends are going through…

I haven’t yet had to grow up so, well, I haven’t.

Reckless, irresponsible and immature? Yes. But at least I can take comfort in the fact I am not alone.

Last week, I read that there is even a name for people such as me. We are the ‘Peter Pan generation’; a sizeable group of 25 to 40-year-olds who exist in a state of extended adolescence, avoiding the trappings of responsibility — marriage, mortgage, children — for as long as possible.

‘Our society is full of lost boys and girls hanging out at the edge of adulthood,’ says Professor Frank Furedi, a sociologist who has been studying this phenomenon, at the University of Kent.

‘Another word sometimes used to describe these people is “adultescent” — generally defined as someone who refuses to settle down and make commitments, and who would rather go on partying into middle age.’

Young men in America didn’t always behave this way.  Several decades ago, men in America moved away from home, got married and had children much earlier than they do now.  But the young men of today seem to want to put off the “markers of adulthood” for as long as possible.  The following is from an outstanding article by Sandy Hingston

Sociologists cite five “markers” or “milestones” that have traditionally defined our notion of adulthood: finishing school, moving away from the parental home, becoming financially independent, getting married, and having a child. In 1960, 65 percent of men had ticked off all five by age 30; by 2000, only a third had. The experts have plenty of explanations for what’s come to be called “extended adolescence” or “emerging adulthood”—or what New York Times columnist David Brooks calls the “Odyssey Years.” They blame helicopter parents, the burden of student loan debt, much higher poverty rates among young people (nearly half of all Americans ages 25 to 34 live below the national level), and a dearth of vo-tech training and manufacturing jobs. Almost 60 percent of parents are now giving money to their grown kids—an average of $38,340 per child in the years between ages 18 and 34. Whatever happened to the son looking after his mom?

So why is all of this happening?

Well, there are a whole host of reasons.  But certainly parents and our education system have to bear much of the blame.  In the old days, young men were taught what it means to “be a man”, and morality was taught to young men both by their parents and in the schools.  But today, most young men have very little understanding of what “manhood” is, and our society has taught them that morality doesn’t really matter.  Instead, television and movies constantly portray young men as sex-obsessed slackers that just want to party all the time, so that is what many of our young men have become.

How much better off would our society be if we had trained this generation of young men to love, honor, protect and take care of others?

How much better off would our society be if we had nurtured the manhood of our young men instead of teaching them to be ashamed of it?

How much better off would our society be if we had disciplined our young men and taught them morality when they were getting off track instead of just letting them do whatever they wanted?

The following are 22 stats that prove that there is something seriously wrong with young men in America today…

#1 Males account for approximately 70 percent of all Ds and Fs in U.S. public schools.

#2 About two-thirds of all students in “special education programs” are boys.

#3 The average American girl spends 5 hours a week playing video games.  The average American boy spends 13 hours a week playing video games.

#4 The average young American will spend 10,000 hours playing video games before the age of 21.

#5 One study discovered that 88 percent of all Americans between the ages of 8 and 18 play video games, and that video game addiction is approximately four times as common among boys as it is among girls.

#6 At this point, 15-year-olds that attend U.S. public schools do not even rank in the top half of all industrialized nations when it comes to math or science literacy.

#7 In 2011, SAT scores for young men were the worst that they had been in 40 years.

#8 According to a survey conducted by the National Geographic Society, only 37 percent of all Americans between the ages of 18 and 24 can find the nation of Iraq on a map.

#9 According to the New York Times, approximately 57 percent of all young people enrolled at U.S. colleges are women.

#10 It is being projected that women will earn 60 percent of all Bachelor’s degrees from U.S. universities by the year 2016.

#11 Even if they do graduate from college, most of our young men still can’t find a decent job.  An astounding 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed during 2011.

#12 Pornography addiction is a major problem among our young men.  An astounding 30 percent of all Internet traffic now goes to pornography websites, and one survey found that 25 percent of all employees that have Internet access in the United States even visit sex websites while they are at work.

#13 In the United States today, 47 percent of all high school students have had sex.

#14 The United States has the highest teen pregnancy rate on the entire planet.  If our young men behaved differently this would not be happening.

#15 In the United States today, one out of every four teen girls has at least one sexually transmitted disease.  If our young men were not sex-obsessed idiots running around constantly looking to “score” these diseases would not be spreading like this.

#16 Right now, approximately 53 percent of all Americans in the 18 to 24 year old age bracket are living at home with their parents.

#17 According to one survey, 29 percent of all Americans in the 25 to 34 year old age bracket are still living with their parents.

#18 Young men are nearly twice as likely to live with their parents as young women the same age are.

#19 Overall, approximately 25 million American adults are living with their parents in the United States right now according to Time Magazine.

#20 Today, an all-time low 44.2% of Americans between the ages of 25 and 34 are married.

#21 Back in 1950, 78 percent of all households in the United States contained a married couple.  Today, that number has declined to 48 percent.

#22 Young men are about four times more likely to commit suicide as young women are.

So what do you think about this generation of young men in America?  Please feel free to post a comment with your thoughts below…

22 Stats That Prove That There Is Something Seriously Wrong With Young Men In America

55 Reasons Why California Is The Worst State In America

Why in the world would anyone want to live in the state of California at this point?  The entire state is rapidly becoming a bright, shining example of everything that is wrong with America.  It is so sad to watch our most populated state implode right in front of our eyes.  Like millions of Americans, I was quite enamored with the state of California when I was younger.  The warm weather, the beaches, the great natural beauty of the state and the mystique of Hollywood all really appealed to me.  At one point I even thought that I wanted to move there.  But today, hordes of Californians are racing to get out of the state because it has become a total nightmare.  It is the worst state in the country in which to do business, taxes were just raised even higher, unemployment is more than 20 percent higher than the national average and the state government is drowning in debt.  Meanwhile, poverty, gang activity and crime just seem to get worse with each passing year.  On top of everything else, the insane politicians in Sacramento just keep on passing more laws that make the problems that the state is facing even worse.  Unfortunately, what is happening in California may be a preview of what is coming to the entire nation.  The old adage, “as California goes, so goes the nation”, has been proven to be true way too many times.

In dozens of different ways, the state of California is showing the rest of us what not to do.  Will we learn from their mistakes, or will we follow them into oblivion?  Please share the list below with as many people as you can.  In addition to a large amount of new research, this list also pulled heavily from one of my previous articles and from outstanding research done by Richard Rider.  The following are 55 reasons why California is the worst state in America…

1. One survey of business executives has ranked California as the worst state in America to do business for 8 years in a row.

2. In 2011, the state of California ranked 50th out of all 50 states in new business creation.

3. According to one recent study, California is the worst-governed state in the entire country.

4. Thanks to Proposition 30, California now boasts the highest state income tax rate in the nation.

5. Even though California just raised taxes dramatically on the wealthy, state revenues are falling like a rock.  State revenue for November 2012 was 10.8 percent below projections.

6. California has the highest sales tax rate in the United States.

7. California has the 8th highest corporate income tax rate in the country.

8. California has the highest “minimum corporate tax” in the country.  Each corporation must pay at least $800 to the state even if a corporation does not make a single dollar of profit.

9. California is tied with New York for the highest gasoline tax rate in the country.

10. California is the only state in America that taxes carbon emissions.

11. The state of California issues some of the most expensive traffic tickets in the nation.  This is another form of taxation.

12. As of October, only Nevada and Rhode Island had higher unemployment rates than California.

13. The unemployment rate in California is more than 20 percent higher than the overall unemployment rate for the rest of the nation.

14. The state of California requires licenses for 177 different occupations (the most in the nation).  The national average is only 92.

15. California teachers are the highest paid in the nation, but California students rank 48th in math and 49th in reading.

16. California accounts for 12 percent of the U.S. population, but a whopping 33 percent of Americans that receive TANF (Temporary Assistance for Needy Families) live there.

17. Only the state of Illinois has a lower bond rating than the state of California does.

18. Including unfunded pension liabilities, the state of California has more than twice as much debt as any other state does.

19. Average pay for California state workers has risen by more than 100 percent since 2005.  That is good news for those state employees, but it is bad news for the taxpayers that have to pay their salaries.

20. More than 5,000 California state troopers made more than $100,000 last year.

21. One highway patrol officer ended up bringing home almost $484,000 in 2011.

22. One state psychiatrist in California was paid $822,000 in 2011.

23. Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

24. Sadly, an astounding 60 percent of all students attending California public schools now qualify for free or reduced-price school lunches.

25. The American Tort Reform Association has ranked the state of California as the worst “judicial hellhole” in America.

26. Businesses all over the state of California are being absolutely suffocated to death by ridiculous regulations.

27. According to the Milken Institute, operating costs for California businesses are 23 percent higher than the national average.

28. According to CNN, the state of California had the worst “small business failure rate” in America in 2010.  It was 69 percent higher than the national average.

29. The number of people unemployed in the state of California is roughly equivalent to the populations of Nevada, New Hampshire and Vermont combined.

30. Residential customers in California pay about 29 percent more for electricity than the national average.

31. So many poor people and illegal aliens have taken advantage of the “free” healthcare at emergency rooms that many of them have been forced to shut down in California.  As a result, the state of California now ranks dead last out of all 50 states in the number of emergency rooms per million people.

32. Political correctness is totally out of control in California.

33. One California town is actually considering making it illegal to smoke in your own backyard.

34. The traffic around the big cities is horrific.

35. Los Angeles

36. San Francisco

37. Oakland

38. Stockton

39. Sacramento

40. The rampant gang activity in the state gets even worse with each passing year.

41. Crime continues to rise all over the state.

42. Just recently, the city attorney of San Bernardino, California told citizens to “lock their doors and load their guns” because there is not enough money to pay for adequate police protection any longer.

43. The murder rate in San Bernardino is up 50 percent this year.

44. In Oakland, burglaries are up 43 percent so far this year.

45. Today, Oakland is considered the 5th most violent city in the United States.

46. There have been more than 250 gold chain robberies in Stockton, California just since the month of April.

47. In Stockton, the police budget cuts got so bad that the police union put up a billboard at one point with the following message: “Welcome to the 2nd most dangerous city in California. Stop laying off cops.”

48. Jerry Brown.

49. The absolutely insane California state legislature.

50. Wildfires.

51. Mudslides.

52. The state of California lies directly along the infamous “Ring of Fire“.  Approximately 90 percent of all the earthquakes in the entire world happen along the Ring of Fire and the “Big One” could hit the state at any moment.

53. According to the U.S. Census Bureau, approximately 100,000 more people moved out of the state of California in 2011 than moved into it.

54. During 2011, more than 58,000 people moved from California to the state of Texas.

55. Overall, the state of California has experienced a net loss of about four million residents to other states over the past 20 years.

From Good Jobs To Bad Jobs To No Jobs – The Tragic Downfall Of The American Worker

There was a time in America when virtually anyone that wanted a job could go out and get one and the United States boasted the largest and most prosperous middle class in the history of the world.  Sadly, those days are long gone.  Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job.  But now there are millions of Americans in their prime working years that cannot find a job.  Millions of others are working low wage jobs or part-time jobs because that is all they can get.  The other day I went to a large retail store and I got into a conversation with the lady who was checking me out.  She said that she had worked professional jobs all her life, and that she had taken this job to tide her over as she searched for a new job, but now she had been there for two years with no end in sight.  I felt really bad for her, because she was obviously a sharp lady with a lot of skills.  But this is the new reality.  Good paying manufacturing and professional jobs are being replaced by low paying service jobs.  We are transitioning from an economy with plenty of good jobs to an economy with plenty of bad jobs.  The next stage in our transition will be to an economy where it seems like there are no jobs for anyone.  We are witnessing the tragic downfall of the American worker, and it is heartbreaking.

Many of our politicians insist that things are getting better for American workers, but that is simply not true.  Just look at the chart below.  Back at the start of 2008, the percentage of working age Americans with a job was sitting at about 63 percent.  Since then it has fallen below 59 percent and it has stayed there for over 3 years.  After every other recession in the post-World War II era the employment-population ratio has always bounced back.  That has not happened this time…

If this number was going to recover, it would have done so by now.  We are rapidly approaching the next major economic crisis and the percentage of working age Americans with a job is going to go even lower.

And our politicians are certainly not helping matters.  Many of the things that they have done are actually going to accelerate the loss of good jobs.  For example, as one small business owner recently pointed out, Obamacare is going to force businesses all over the United States to minimize the number of full-time workers they are using and replace them with part-time workers…

Here is what I am doing for the rest of the year — working with every manager in my company so that as of January 1, 2013, none of our employees are working more than 28 hours a week.   I think most readers know the reason — we have got to get our company under 50 full time employees or else I am facing a bill from Obamacare in 2014 that will be several times larger than my annual profit.  I love my workers.  They make me a success.  But most of my competitors are small businesses that are exempt from the Obamacare hammer.  To compete, I must make sure my company is exempt as well.  This means that our 400+ full time employees will have to be less than 50 in 2013, so that when the Feds look at me at the start of 2014, I am exempt.  We will have more employees working fewer hours, with more training costs, but the Obamacare bill looks like about $800,000 a year for us, at least, and I am pretty sure the cost of more training will be less than that.

This will be unpopular but tolerable to most of my employees.  The vast majority of them are retired and our company is merely an excuse to stay busy, work outdoors, and get a little extra money.

But this is going to be an ENORMOUS change in the rest of the service sector.  I have talked to a lot of owners of restaurants and restaurant chains, and the 40-hour work week is a thing of the past in that business.  One of my employees said that in Hawaii, it was all the hotel employees could talk about.   Many chains are working on mutli-team systems where two teams of people working part-time replace the former group of full-time employees.  2013 is going to see a lot of people (who are not paid very well to begin with) getting their hours and pay cut by 25%.  At the same time that they are required, likely for the first time since many are relatively young, to purchase health insurance.

How could we be so foolish?

Unfortunately, this is not something new.  Our economy has been replacing good jobs with bad jobs for quite some time.  If you can believe it, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

Will nearly all of us eventually be working in fast food restaurants or stocking shelves at retail giants like Wal-Mart?

Amazingly, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.

No wonder our middle class is being absolutely destroyed.

At this point, wages as a percentage of GDP are at an all-time low in America.  As millions more good jobs are shipped out of the country, the competition for the remaining jobs will become incredibly fierce and that number will get even lower.

Many Americans that actually do have jobs right now find that they simply don’t make enough to take care of themselves and their families.  They are called “the working poor”, and their ranks are growing steadily.  Today, about one out of every four workers in the United States brings home wages that are at or below the federal poverty level.

American households are getting poorer at a time when prices continue to rise.  Median household income in America has declined for four years in a row.  Overall, it has fallen by over $4000 during that time span.

But have the prices in the stores declined?

Of course not.

No wonder middle class families are feeling more financial stress than ever before.  A survey conducted by the Pew Research Center found that 85 percent of middle class Americans say that it is harder to maintain a middle class standard of living today than it was 10 years ago.

The transition from good jobs to bad jobs in our economy has been taking place for a very long time, and it is not going to be reversed overnight.  Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.  There are less tickets to the middle class than there used to be, but neither political party seems interested in stopping the flow of good jobs out of the country.

If we keep doing the same things that we have been doing, we will continue to get the same results.

When I was young, I was told that there would always be “good jobs” available for anyone that got a good education and that worked hard.

What a crock of baloney that turned out to be.

According to a paper that was recently released by the Center for Economic and Policy Research, only 24.6 percent of all jobs in the United States qualify as “good jobs” at this point.

In a previous article, I detailed the three criteria that they used to define what a “good job” is….

#1 The job must pay at least $18.50 an hour.  According to the authors, that is the equivalent of the median hourly pay for American workers back in 1979 after you adjust for inflation.

#2 The job must provide access to employer-sponsored health insurance, and the employer must pay at least some portion of the cost of that insurance.

#3 The job must provide access to an employer-sponsored retirement plan.

More than 75 percent of all jobs in the U.S. today are not “good jobs”, and things are not looking promising for the future.

No wonder so many families are barely surviving these days.  Right now, approximately 77 percent of all Americans are living paycheck to paycheck at least some of the time.  That is a dreadful number.

But if you still do have a job, you should consider yourself to be fortunate.

There are millions upon millions of Americans out there without any job at all.

Did you know that 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed during 2011?

Hordes of fresh college graduates are entering the marketplace each year only to find that the good jobs that they were promised simply are not there.

And now it looks like things are getting even worse.  This week Citigroup announced that it plans to eliminate 11,000 jobs in an attempt to reduce costs.  But Citigroup is far from alone.  We have seen dozens of major layoff announcements since the election.  If you doubt this, just see this article and this article.

It is time to wake up and admit that our economy is in an advanced state of decline, that we need to quit shipping our jobs out of the country, and that what we are doing now is clearly not working.

If we are “the greatest economy on earth”, then why are approximately 48 percent of all Americans either considered to be “low income” or are living in poverty?

We need to return to the principles that our Founding Fathers founded this country on or else things are going to get a lot worse and people are going to get very, very angry.

Our politicians have been pitting different groups of people against one another and many of them have been blaming the wealthy for all of our problems.  Never before in my lifetime have I seen so much anger directed toward those that have money.  This anger is even being expressed in ways that you would not normally expect.  For example, the California Federation of Teachers recently produced a video that portrays wealthy people peeing on poor people.  That shocked me.

Eventually, all of this anger is going to lead to violence if we are not careful.  When the next major wave of the economic crisis strikes and unemployment gets significantly worse, I fear for what might happen.  I believe that it is very possible that we may see mobs of struggling people storm into wealthy neighborhoods and play “Robin Hood” with their possessions.

Instead of hating one another, we need to return to the principles that once made our economy so great.  Those principles would enable everyone to prosper.

Unfortunately, this country continues to turn away from those principles and hate and anger continue to grow.

If we continue down this path, the end result is going to be a complete and total nightmare.

It is possible to turn this economy around.  But we can’t do the same things that we have been doing.  We have to start making better decisions.

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