The New Normal

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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. 

The New Normal: Millions Of Chronically Unemployed Americans And Not Nearly Enough Jobs For Everyone

*According to one recent survey, 28% of U.S. households have at least one member that is looking for a full-time job.

*A recent Rasmussen Reports national telephone survey found that 81 percent of American adults know someone who is looking for a job.

*Despite the fact that the U.S. population has exploded, less Americans are employed in manufacturing today than in 1950.

*Today it takes the average unemployed American over 8 months to find a job.

*The number of Americans receiving long-term unemployment benefits has risen over 60 percent in just the past year.

*Since 2007, unemployment has spread across American like a plague….

The New Normal: Americans Going Broke In Staggering Numbers

*Nationwide, bankruptcy filings rose 20 percent in the 12 month period ending June 30th.

*There were 422,061 bankruptcy filings between April and June of this year.  That was an increase of 9 percent from 388,148 in the prior three-month period, and was up 11 percent from 381,073 a year earlier.

The New Normal: A Dead Housing Market And Millions Of Americans Losing Their Homes

*During the month of May sales of new homes in the U.S. declined to the lowest level ever recorded.

*The Mortgage Bankers Association recently announced that demand for loans to purchase U.S. homes has sunk to a 13-year low.

*Construction of new homes in the U.S. and applications to build new homes in the U.S. both fell to their lowest levels in more than a year during the month of July.

*One out of every seven mortgages were either delinquent or in foreclosure during the first quarter of 2010.

*According to RealtyTrac, a total of 1.65 million U.S. properties received foreclosure filings during the first half of 2010.

*U.S. Banks repossessed 269,962 U.S. homes during the second quarter of 2010, which was a new all-time record.

The New Normal: Tens Of Millions Of Americans Living In Poverty And Dependent On The Government For Food

*The U.S. poverty rate is the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development.

*Approximately 50 million Americans could not afford to buy enough food to stay healthy at some point during the last year.

*The number of Americans who are receiving food stamps rose to a new all-time record of 40.8 million in May.

*The number of Americans on food stamps has set a new all-time record for 18 consecutive months.

The New Normal: A Pension Crisis And A Social Security Nightmare That Will Fundamentally Change What Retirement Means In America

*3 out of every 5 Baby Boomers do not have enough money saved for retirement.

*Unfunded pension benefit liabilities at the state government level – the amount state governments owe in promised retirement benefits beyond what they have collected – exceed $3 trillion.

*In 1950, each retiree’s Social Security benefit was paid for by 16 U.S. workers.  In 2010, each retiree’s Social Security benefit is paid for by approximately 3.3 U.S. workers.  By 2025, it is projected that there will be approximately two U.S. workers for each retiree.

*According to the Congressional Budget Office, the Social Security system will pay out more in benefits than it receives in payroll taxes in 2010.  That was not supposed to happen until at least 2016.

*The present value of projected scheduled benefits surpasses earmarked revenues for entitlement programs such as Social Security and Medicare by approximately 46 trillion dollars over the next 75 years.

The New Normal: The U.S. Government Absolutely Drowning In Debt

*If you started spending one million dollars every single day when Jesus was born, you still would not have spent one trillion dollars by now.

*The U.S. government has accumulated a national debt that is rapidly approaching the 14 trillion dollar mark.

*The IMF says that in order to fix the U.S. government budget deficit, taxes need to be doubled on every single U.S. citizen.

*The U.S. government will spend an amount of money equivalent to approximately 25.4 percent of GDP this year.

*If the U.S. government does not change course, it will be paying 2 trillion dollars just in interest on the national debt by the year 2020.

The Beginning Of The End - The New Novel About The Future Of America By Michael T. Snyder
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  • Greg

    America was destined to be great and it was destined to be brought down. We are now in the bringing down phase. Our rejection of Jesus Christ in the lives of most Americans and in the pulpits of many churches has accelerated this plan. Americans will be forced to undergo more turmoil, then we will be melded into the North American Union and the dollar will be replaced by the Amero. This is one of the major steps necessary for the formation of the ten supernations that will be handed over to the antichrist. Study the Bible, pray and find an increasingly rare Bible believing church because your faith will be tested.

  • JRtyler

    Our government is now a fascist system. Fascism is the merging of state and corporation. It is entirely the moneyed interests that are dictating all policies. The average American is so brainwashed by the continual propaganda that is plastered at him/her from their TV sets it is just really not too surprising that the American people have lost their nation. It is not sovereign nation when we have debts in the quadrillions and the Fraudulent Trans-atlantic and international banking cartel runs and owns all our debts and assets. They own both the in-flow and out-flow of the money stream in our nation now.

    Majority of Americans continue to buy into the propaganda and continue to think they live in a democracy when both parties are run, funded and operated by the same moneyed interests.

    watch “Psywars: The Real Battlefield is the Mind”. It is all about how the American people have been controlled and led astray by the use of the most heavy handed propaganda blitz that would make Nazi Goebbels look like school yard gossip.

    It is really sad to watch most Americans these days. If you ask them any in depth questions they usually get confused….Because they don’t know anything. They still think the US is some kind of exceptional and moral nation, even as the drones they pay for are dropping bombs on children. Very sad. Most like to say they are Christian but the Christ is not about murdering innocent.

  • Greg

    JR – so true. America is dragging Jesus’ name through the mud. Hopefully the world is recognizing what you said – our Christianity is not what Jesus preached and lived.

    A person stated the outcome of our education system but it also applies to the other dumbing down you mentioned – American children are now the dumbest in the world but they feel good about being stupid!

  • Rb

    I think we should all ask:
    how can we benefit and help recovery
    instead of publishing the same obvious news
    that help the economy get worse.
    How many people do u know that do something
    to improve the economy? And how many victimize
    and focus on negative?
    Let’s balance by being positive!!!
    Give ideas to how one can avoide financial stress,
    how can the individual take advantage of this
    and instead of being a victim, take control and be positive and make a change.

  • Linda

    I love it when the clueless Jesus beLIEvers come on and say “You rejected Jesus”, bla bla bla. do you really believe in a man in the sky watching us? If he is so great where is he? I’ve been told by hypochristians that he gives us our government. Oh yeah and Jesus will come and save me during a rapture before I get a boo boo from the government that god gave us. GIVE ME A BREAK. No one is going to save us, but ourselves. Many Peoples have been promised this same thing, Jesus is a comin!!! Lay down to government.