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20 Signs That The Economic Collapse Has Already Begun For One Out Of Every Seven Americans
Posted By admin On September 18, 2010 @ 5:25 am In Commentary | Comments Disabled
The Economic Collapse 
Sept 18, 2010
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…..
#1 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 Americans in 51 years  of record-keeping.
#2 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.
#3 In 2009 alone, approximately 4 million more Americans  joined the ranks of the poor.
#4 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.
#5 The U.S. poverty rate is now the third worst  among the developed nations tracked by the Organization for Economic Cooperation and Development.
#6 Today the United States has approximately 4 million fewer wage earners  than it did in 2007.
#7 Nearly 10 million Americans now receive unemployment insurance, which is almost four times  as many as were receiving it in 2007.
#8 U.S. banks repossessed 25 percent more homes  in August 2010 than they did in August 2009.
#9 One out of every seven mortgages  in the United States was either delinquent or in foreclosure during the first quarter of 2010.
#10 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.
#11 More than 50 million Americans  are now on Medicaid, the U.S. government health care program designed principally to help the poor.
#12 There are now over 41 million Americans  on food stamps.
#13 The number of Americans enrolled in the food stamp program increased a whopping 55 percent  from December 2007 to June 2010.
#14 One out of every six Americans  is now being served by at least one government anti-poverty program.
#15 California’s poverty rate soared to 15.3 percent  in 2009, which was the highest in 11 years.
#16 According to an analysis by Isabel Sawhill and Emily Monea of the Brookings Institution, 10 million more Americans (including 6 million more children) will slip into poverty over the next decade .
#17 According to a recently released Federal Reserve report, Americans experienced a $1.5 trillion loss  in combined household net worth in the second quarter of 2010.
#18 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975 .
#19 Median U.S. household income is down 5 percent  from its peak of more than $52,000 in 1999.
#20 A study recently released by the Center for Retirement Research at Boston College University found that Americans are $6.6 trillion short  of what they need for retirement.
How anyone can look at those numbers and think that things are about to “get better” absolutely boggles the mind.
It is time to wake up.
Things are not going to get better.
Things are only going to get worse.
The United States is rapidly becoming a nation where poverty is absolutely rampant.
As poverty continues to spread, crime will not be far behind.
Meanwhile, the international community wants to impose a global tax on us so that they can “redistribute” even more of our wealth around the world.
The following was just reported by CNSNews.com ….
A group of 60 nations will meet next week at the United Nations to push for a tax on foreign currency transactions as a way to generate revenue to meet global poverty-reduction goals, including “climate change” mitigation.
Well isn’t that great? As American descends into poverty, the rest of the world is pushing for a global tax that will drain us of wealth even more.
It is just a tax on foreign currency transactions, but history has taught us that once taxers get their foot in the door they always go for more eventually.
Sadly, it is not just the United Nations that is discussing a global tax. In fact, the IMF and the World Health Organization have both been very open about the fact that they want to impose global taxes of their own .
Not that we aren’t taxed enough already. We already pay dozens of different kinds of taxes each year, and 2011 is already being dubbed as “the year of the tax increase “.
But most Americans don’t have any more to give. Most Americans can barely make it from month to month. More Americans than ever are slipping into poverty.
What a mess we have on our hands.
Do any of you have any suggestions for how we should go about fixing all of this?
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/20-signs-that-the-economic-collapse-has-already-begun-for-one-out-of-every-seven-americans.html
URLs in this post:
 The Economic Collapse: http://theeconomiccollapseblog.com/
 Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43
 Image: http://www.infowarsshop.com/United-We-Fall_p_339.html
 in 51 years: http://www.washingtonpost.com/wp-dyn/content/article/2010/09/16/AR2010091602698_pf.html
 11.3 percent of Americans: http://www.latimes.com/business/la-fi-poverty-census-20100917,0,6342091.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+latimes/business+(L.A.+Times+-+Business)
 the largest single year increase: http://news.yahoo.com/s/ap/20100911/ap_on_bi_ge/us_poverty_in_america
 the third worst: http://thetruthwins.com/
 is almost four times: http://www.usatoday.com/news/washington/2010-08-30-1Asafetynet30_ST_N.htm
 25 percent more homes: http://www.freep.com/article/20100916/BUSINESS04/100916017/1002/business
 One out of every seven mortgages: http://www.bloomberg.com/news/2010-08-23/housing-slide-in-u-s-may-drag-economy-into-recession-as-foreclosures-rise.html
 50.7 million Americans: http://www.christianpost.com/article/20100917/christians-respond-to-higher-us-poverty-rate/index.html
 over 41 million Americans: http://theeconomiccollapseblog.com/archives/15-shocking-poverty-statistics-that-are-skyrocketing-as-the-american-middle-class-continues-to-be-slowly-wiped-out
 a whopping 55 percent: http://www.latimes.com/business/la-fi-poverty-census-20100917,0,6342091.story?page=2&utm_medium=feed&track=rss&utm_campaign=Feed%3A%20latimes%2Fbusiness%20%28L.A.%20Times%20-%20Business%29&utm_source=feedburner
 over the next decade: http://finance.yahoo.com/news/Census-Bureau-reports-new-cnnm-2077327017.html%3B_ylt%3DAl7OZb_VAGvINYFN51gKU.m7YWsA%3B_ylu%3DX3oDMTE1YjgwOG8wBHBvcwMyBHNlYwN0b3BTdG9yaWVzBHNsawNjZW5zdXN1c3BvdmU-?x=0&sec=topStories&pos=main&asset=&ccode=
 $1.5 trillion loss: http://money.usnews.com/money/blogs/flowchart/2010/09/17/how-consumers-lost-a-fast-15-trillion.html
 than it was in 1975: http://www.businessweek.com/magazine/content/10_28/b4186048358596.htm
 are $6.6 trillion short: http://lifeinc.msnbc.msn.com/_news/2010/09/16/5116699-americas-retirement-nest-egg-is-66-trillion-short-
 by CNSNews.com: http://www.cnsnews.com/news/article/75424
 that they want to impose global taxes of their own: http://thisistheendoftheworldasweknowit.com/archives/yes-they-really-do-want-to-impose-global-taxes-and-a-global-currency-on-you
 the year of the tax increase: http://theeconomiccollapseblog.com/archives/2011-the-year-of-the-tax-increase
 Just Open Up Your Eyes And Look – 65 Signs That The Economic Collapse Is Already Happening: http://www.prisonplanet.com/just-open-up-your-eyes-and-look-65-signs-that-the-economic-collapse-is-already-happening.html
 12 Signs That The Next Recession In The United States Has Already Begun: http://www.prisonplanet.com/12-signs-that-the-next-recession-in-the-united-states-has-already-begun.html
 14 signs that the collapse of our modern world has already begun: http://www.prisonplanet.com/14-signs-that-the-collapse-of-our-modern-world-has-already-begun.html
 14 Reasons Why The Economic Collapse Of Japan Has Begun: http://www.prisonplanet.com/14-reasons-why-the-economic-collapse-of-japan-has-begun.html
 25 Signs That Almost Everyone Is Expecting An Economic Collapse In 2010: http://www.prisonplanet.com/25-signs-that-almost-everyone-is-expecting-an-economic-collapse-in-2010.html
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