I just wish the US would default and get it over with. Is there anything more pathetic than for teenagers to see adults spending money they have not got? What sort of message does it give? That we live in an Alice-in-Wonderland something-for-nothing world.
If the Republicans cause a default it will be very good; money and the wealth-gap in the USA have become OBSCENE. – a snmall group of hyperrich, a disintegrating and end-of-American-dream middle class and vast numbers on welfare. And NOBODY seems to grasp what has to be done.
They are as I said pathetic, and hypocritical. Someone posted this recently, and I assume it is true:
30 years ago the US national debt stood at about one trillion dollars. Today it stands at almost 17 TRILLION DOLLARS!
About 40 years ago the TOTAL debt stood at about 2 trillion dollars, today it is more than 56 TRILLION DOLLARS!
At the same time as they have run up all of this debt, their economic infrastructure and their ability to create wealth has been completely gutted. Since 2001, America has lost more than 56,000 manufacturing facilities and millions of jobs have been moved overseas.
Their share of the global GDP declined from 31.8% in 2001 to 21.6% in 2011.
The percentage of self-employed Americans is at an all time low whilst the amount of them on benefits is at a record high.
During Obama’s first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
If they started to pay off the new debt accumulated under Obama at the rate of $1 per second, it would take them 184,000 years to pay it off.
Every hour of every day, the federal government steals more than 100 MILLION DOLLARS from their children and your grandchildren.
America has dropped in global economic competitiveness for the past 4 years running.
According to “The Economist”, America was the best place to be born in 1988; now they tie for 16th place.
There are fewer Americans working in manufacturing today than in 1950, despite the fact that their population has doubled since then.
In Detroit alone, there are over 70,000 abandoned buildings.
When NAFTA was pushed through American Congress in 1933, they had a trade surplus with Mexico of 1.6 billion dollars. They had a trade DEFICIT with them of 61.6 billion dollars come 2010.
Their trade deficit with China was 6 MILLION DOLLARS in 1985 for the entire year. In 2012 their trade deficit with China was 315 BILLION DOLLARS. This is the largest trade deficit between nations in the history of the world.
America also loses half a million jobs to China annually. Fewer than 65% of all men in America have jobs. 53% of American male workers make less than £30,000 a year! Only 7% of all non-farm workers in the States are self-employed. This is an all time low.
146 million Americans are either ‘poor’ or ‘low income’. 49% of them live in a home that receives benefits from the federal government, according to the U.S Census Bureau.One in every 6 Americans is on Medicaid and Obamacare will add another 16 million to the Medicaid rolls; this will be a total of 73.2 million come 2025. This will increase liabilities of 38 trillion dollars to Medicare over the next 75 years, which equates to $328,404.00 for every single household in the United States.
Of the 56 million Americans collecting Social Security benefits now, by 2035 that will soar to an astounding 91 MILLION! That is a 134 trillion dollar shortfall over the next 75 years.
Americans on Social Security Disability exceeds the population of Greece, and those on food stamps exceeds the population of Spain.45% of all children in Miami now live in poverty, more than 50% of all children in leveland live in poverty, 60% of all children in Detroit live in poverty. More than 1 million public school students in America are HOMELESS. This is the first time in American history this has ever happened.
Since Obama got back in, those Americans on food stamps has risen from 32 million to 47 million. That number exceeds the combined populations of Alaska, Arkansas, Connecticut, Delaware, District of Colombia, 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!
What a spiffing good job Obama is doing of bankrupting America! Anyone would think he hates the States! Seriously, anyone who voted for him owes an apology to the children of America, for whom a terrible country full of debt has been created by the biggest clown one could imagine.
AND, from Nicholas Kristoff in “The New York Times”:
The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.C.E.O.’s of the largest American companies earned an average of 42 times as much as the average worker in 1980, but 531 times as much in 2001. Perhaps the most astounding statistic is this: From 1980 to 2005, more than four-fifths of the total increase in American incomes went to the richest 1 percent.
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on on-going financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices todayonto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
Senator Barack Obama, March 20, 2006.