Thread: 10 Signs That Our Nation Is Becoming Poorer

Nice link, what was written on the article were quite true. I'm one of those millions of Americans finding that we are making substantially less than we used to. I even sometimes need to take out a a personal loan just to make the ends meet. I hope that there is still hope and what was written on the article like things are not going to be getting any better for the working poor would not happen. How I really wish everything could went well.

Nafta, Cafta, Gatt, etc. There is no "Made in USA" anymore. Seems like the most one can hope for is about $20 an hour tops and that is even among professionals. Meanwhile, those in the public sector get rediculous packages. The working people are totally screwed in this country.
Regulation has pre-stifled any way out of this mess.

Originally Posted by Robertvincent

10 Signs That Our Nation Is Becoming Poorer

http://www.alternet.org/economy/149405/10_signs_that_our_nation_is_becoming_poorer

The White taxpayers of the US can't continue to provide a First World lifestyle to 100 million Third World people in the US. Most White people have no idea how many government hand outs the minorities get. Section 8 housing, Food Stamps and welfare checks have produced three generations of Black welfare families in some states.

The cost of public school alone, which the Supreme Court has mandated for everyone including illegal aliens, is driving California bankrupt as I type.

Millions of intelligent White people are unemployed and going to waste as Black and Latino quota-hires steal jobs from them. You can't let the most productive intelligent part of the population go to waste and expect the nation to be prosperous.

http://www.alternet.org/economy/149405/10_signs_that_our_nation_is_becoming_poorer

#1 In 2009, total wages, median wages, and average wages all declined in the United States.
#2 Since the year 2000, we have lost 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs. Meanwhile, our population is getting larger.
#3 As 2007 began, only 26 million Americans were on food stamps, but now 42 million Americans are on food stamps and that number keeps rising every single month.
#4 Since 2001, over 42,000 U.S. factories have closed down for good.
#5 One out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government.
#6 Half of all American workers now earn $505 or less per week.
#7 The number of Americans working part-time jobs "for economic reasons" is now the highest it has been in at least five decades.
#8 Ten years ago, the United States was ranked number one in average wealth per adult. In 2010, the United States has fallen to seventh.
#9 In 1976, the top 1 percent of earners in the United States took in 8.9 percent of all income. By 2007, that number had risen to 23.5 percent.
#10 According to one recent study, approximately 21 percent of all children in the United States are living below the poverty line in 2010.

Add one more:

The United States could hit the legal limit on its ability to borrow as soon as March 31 and faces serious consequences unless Congress acts by then to raise it, Treasury Secretary Timothy Geithner said on Thursday.

"Even a short-term or limited default would have catastrophic economic consequences that would last for decades," Geithner said in a letter to U.S. Senate Majority leader Harry Reid that was issued by Treasury.

Geithner said it was hard to pin down exactly when the current $14.3 trillion ceiling on the debt limit would be pierced but urged Congress to act before the end of the first quarter.

Page not found | zero hedge-