The New Normal

Many of the things that Americans have been able to take for granted for decades are rapidly coming to an end.  The truth is that a growing economy that produces an ever-increasing amount of good jobs for a thriving middle class is not guaranteed to last forever.  In fact, there are lots of signs that the middle class in America is already being ripped to shreds.  The number of Americans on long-term unemployment benefits is exploding, personal bankruptcies are setting new records, foreclosures are at an all-time high and one out of every eight Americans is now on food stamps.  Meanwhile, the U.S. government is absolutely drowning in debt and America is facing a pension crisis that is so immense that it is almost indescribable.  Most Americans still assume that even if we do have hard times for a while things will always turn around and eventually get better than ever.  But sadly, that is just not the case.  The truth is that the United States is in the early stages of a devastating economic collapse, and the “new normal” is going to be incredibly difficult for a lot of Americans to adjust to.  (Read More...)

The Truth About America’s National Debt 2010

America’s national debt is exploding out of control, and still most politicians in Washington D.C. don’t really seem that interested in doing anything about it.  Why?  Well, the truth is that if the U.S. government reduces government spending that will slow down the economy, and if the economy slows down then Americans will blame the politicians, and if Americans are angry at the politicians then they will be less likely to vote them back into office.  So we actually have a system where our politicians have an incentive not to do anything about the national debt.  Meanwhile, the exploding debt continues to become a colossal long-term problem that threatens to destroy not only our economy, but our entire way of life.  The federal budget deficit has topped $1 trillion with three months still to go in the current budget year.  It is projected that the final budget deficit for 2010 will be somewhere in the neighborhood of 1.3 to 1.5 trillion dollars.  But can we really afford to keep having deficits that are over a trillion dollars every single year? (Read More...)

10 Huge Flashing Danger Signs That The U.S. Economy Is Headed For Disaster

Most Americans believe that the U.S. economy will fully recover from this recent recession and will soon become stronger than ever.  But that is definitely not what is happening.  The truth is that the very foundations of the U.S. economy are coming apart and we are headed for a massive amount of financial trouble as a nation.  Collectively, the U.S. government, U.S. businesses and U.S. consumers have piled up the biggest mountain of debt in the history of the world.  This mountain of debt has enabled us to enjoy a spectacular standard of living for the past several decades, but now the bills are coming due and nobody seems to even realize how great of a financial disaster the U.S. now finds itself in the middle of. (Read More...)