As the economy stumbles the American standard of living recedes. Forty-four million people are using food stamps and in one year that figure will be 60 million. Washington and Wall Street say “what, me worry?” Of course not; they are the “masters of the universe.”
Who cares that the issuance of food stamps is up 80%, as long as the bonuses on Wall Street and in banking continue to flow and bureaucrats get higher and higher salaries and benefits? The high cost of health insurance, no longer affordable to most have increased and Medicaid users are up 17%, as the program costs increased 36%. Those on welfare rose 18%, as costs rose 24%. It is now evident to many that the choice of early retirement in the late 1990s at 52 and 59 years old was a big mistake. Many must now work into their 70s, or starve. Many retirees are forced to reenter the workforce. Recently there were 2,000 job openings and 75,000 people applied. How is that for recovery? The birth/death ratio is bogus and real unemployment is 22%. The economy needs 2 million new jobs a year and that is impossible. Good paying jobs are still being off shored and outsourced. How about the millions without jobs now for years? While all this transpires the Fed bails out Wall Street, banking and government and leaves crumbs for the dispossessed.
The big picture is dreadful, but government, Wall Street and the media won’t tell you that. Truth has nothing to do with business. They all spin one lie after another. It reminds one of the old song, “Anything Goes.”
Those running Washington from behind the scenes know America can never pay off and liquidate its debt. That is why there is little effort to do so. The real idea is to destroy the country.
In the United States, we see more than 50% of the population functionally illiterate and this same group essentially pays little or no taxes, and lives off benefits payed by the government. That does not include the illegal alien population that pays virtually no taxes. Spending far beyond tax receipts can only mean eventually that the deficits will eventually enslave the nation and its people.
The banks create money and credit out of thin air monetizing buying and holding sovereign debt as well as debt clogging the balance sheets of the financial sector. In Washington the administration is considering an oil tax increase as the public pays more than $4.00 a gallon for gasoline. We can expect more and more of this non-income taxation. Each tax increase and each loss in services brings less purchasing power, and creates inflation.
In the US the top 10% of American workers will end up paying 75% of total income taxes. (While the top 1% pay 17%.) This has already started an exodus of high-income earners to leave the country over the past 15 years, and the numbers are increasing exponentially. That in turn throws an added burden on American taxpayers.
At the bottom of all of our problems is corporate greed and cruelty. A state of war exists between Corporate Capitalism and the people of the United States. It's the 1% against the rest of us no matter how you slice it or dice it... The big corporations have taken control of our government, media and police. And, they are confident that they will win the struggle for mastery of the United States and the world. They make our laws, tell us what to think, and beat us down when the need arises... Step out of line and you'll lose your job, your house, your car and your family.
As we switch to the Middle East we see serious trouble coming. In fact it probably is the groundwork for World War III, the event needed from an historical prospective to begin a new world war to cover up the economic and financial collapse now taking place.
Iran is the target of the US, Israel and Saudi Arabia, but it has an edge at the moment. Naval and air solutions lack the ability to threaten Iran’s center of gravity, its large ground force. The intrusions already made have been dangerous and the US lacks ground troop ability. One thing learned over the centuries of warfare is that if you conquer you have to occupy. Each place you occupy involves leaving troops that are lost to the vanguard. The US simply does not have the troops to occupy or to engage massive Iranian forces. In addition a war with Iran that probably would become WWIII, would cost trillions that the US doesn’t have. As opposed to the past, America’s allies outside the region don’t have the stomach for war, or the resources and appetite for involvement. Their militaries are skeletons of what they had in the past.
How do we get out of this mess?
We have to wake up the American people!
All of us, from every walk of life, from every religious and political perspective, from every race and ethnicity, must unite against the real enemy: Corporate greed and cruelty!
Corporate Capitalism is not compatible with Freedom, Democracy and Social Justice!
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