The Economic Collapse Blog
For most Americans, the economic collapse is something that is happening to someone else. Most of us have become so isolated from each other and so self-involved that unless something is directly affecting us or a close family member than we really don’t feel it. But even though most of us enjoy a much closer relationship with our television sets than we do with our neighbors at this point, it is quickly becoming undeniable that a fundamental shift is taking place in society. Perhaps you noticed it when two or three foreclosure signs went up on your street. Or perhaps it got your attention when that nice fellow down the street lost his job, and he and his family seemingly just disappeared from the neighborhood one day. The Census Bureau made front page headlines all over the nation this week when they announced that one out of every seven Americans was living in poverty in 2009. Every single day more Americans are getting sucked out of the middle class and into soul-crushing poverty.
Unfortunately, most Americans don’t really care because it has not affected them yet.
But this year, millions more Americans will discover that the music has stopped playing and they are left without a seat at the table.
Meanwhile, neither political party has a workable solution. They just like to point fingers and blame each other.
The Democrats blame Bush for all the poverty and advocate expanding programs for the poor. Not that there is anything wrong with a safety net. But the “safety net” was never meant to hold 50 million people on Medicaid and 40 million people on food stamps. The number of Americans on food stamps has more than doubled since 2007. So do we just double it again as things get even worse?
The truth is that welfare programs are only short-term solutions. Unfortunately, the Democrats do not understand this. What Americans really need are good jobs.
The Republicans are so boneheaded that they don’t even like to talk about poverty because they think it is a “liberal issue”. Some conservative commentators have even been so brutally cold as to mock the “99ers” (those who have been unemployed so long that even their extended federal benefits have run out).
Instead of showing some compassion and being the party of the American worker (as they should be), the Republicans are often very uncompassionate and they allow the Democrats to be “the party of the poor” by default.
Both political parties need a big wakeup call. There is a tsunami of poverty sweeping the United States, and somebody better wake up and do something about it. More handouts will help people get by in the short-term, but there is no way that the federal government can financially support tens of millions more poor Americans.
How long is it going to be before the “safety net” simply collapses under the weight of all this poverty?
The path we are on is not sustainable.
The economy is falling apart, and somebody better wake up and do something before even more Americans find themselves drowning in poverty.
The following are 20 signs that the economic collapse has already begun for one out of every seven Americans…..
The Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americansin 51 years
In the year 2000, 11.3 percent of Americans
were living in poverty. In 2008, 13.2 percent of Americans were living in poverty. In 2009, 14.3 percent of Americans were living in poverty. Needless to say the trend is moving in the wrong direction.
According to the Associated Press, experts believe that 2009 saw the largest single year increase
in the U.S. poverty rate since the U.S. government began calculating poverty figures back in 1959.
The U.S. poverty rate is now the third worst
among the developed nations tracked by the Organization for Economic Cooperation and Development.
Nearly 10 million Americans now receive unemployment insurance, which is almost four times
as many as were receiving it in 2007.
There are now 50.7 million Americans
who do not have health insurance. One trip to the emergency room would be all it would take to bankrupt a significant percentage of them.
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