The Economic Collapse
Wednesday, December 21, 2011
Is America in decline? That is a very provocative question. I have found that most people that hate the United States are very eager to agree that America is in decline, while a lot of those that love the United States are very hesitant to admit that America is in decline.
Well, I am proud to be an American, but I cannot lie and tell you that America is doing just fine. The pieces of evidence compiled below are undeniable. Our economy is deathly ill and is rapidly getting worse. We were handed the keys to the greatest economic machine in the history of the world and we have wrecked it. But until we are willing to look in the mirror and admit how bad things have gotten, we won’t be ready for the solutions that are necessary. The truth is that there are things that we can do to reverse the decline. It does not have to be permanent. We have gotten away from the things that made America great, and we need to admit that we are on the wrong path and start fixing this country. But if we choose to continue down the road that we are currently on, it will lead us into the darkest chapters in American history.
The following are 40 undeniable pieces of evidence that show that America is in decline….
#3 The average price of a gallon of gasoline in 2011 has been $3.50. That is a new all-time record. The previous record was $3.24 in 2008.
#4 The average American household will have spent an astounding $4,155 on gasoline by the time the year is over.
#5 The number of children in the United States without a permanent home has increased by 38 percent since 2007.
#6 A decade ago, the United States was ranked number one in average wealth per adult. By 2010, the United States had fallen to seventh.
#7 The U.S. tax code is now more than 50,000 pages longer than it used to be.
#8 American 15-year-olds do not even rank in the top half of all advanced nations when it comes to math or science literacy.
#9 The United States once had the highest proportion of young adults with post-secondary degrees in the world. Today, the U.S. has fallen to 12th.
#10 After adjusting for inflation, U.S. college students are borrowing about twice as much money as they did a decade ago.
#11 The student loan default rate has nearly doubled since 2005.
#12 Our economy is not producing nearly enough jobs for our college graduates. The percentage of mail carriers with a college degree is now 4 times higher than it was back in 1970.
#13 Our infrastructure was once the envy of the world. Today, U.S. infrastructure is ranked 23rd.
#14 Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.
#15 Since the year 2000, incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation.
#16 According to U.S. Representative Betty Sutton, America has lost an average of 15 manufacturing facilities a day over the last 10 years. During 2010 it got even worse. Last year, an average of 23 manufacturing facilities a day shut down in the United States.
#17 In all, more than 56,000 manufacturing facilities in the United States have shut down since 2001.
#18 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#19 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.
#20 In 1959, manufacturing represented 28 percent of all U.S. economic output. In 2008, it represented only 11.5 percent.
#21 The television manufacturing industry began in the United States. So how many televisions are manufactured in the United States today? According to Princeton University economist Alan S. Blinder, the grand total is zero.
#22 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
#23 The Economic Policy Institute says that since 2001 America has lost approximately 2.8 million jobs due to our trade deficit with China alone.
#24 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.
#26 The size of the economy in India is projected to surpass the size of the U.S. economy by the year 2050.
#27 One prominent economist believes that the Chinese economy will be three times larger than the U.S. economy by the year 2040.
#28 In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th.
#31 According to the U.S. Census Bureau, 6.7% of all Americans are living in “extreme poverty”, and that is the highest level that has ever been recorded before.
#32 The percentage of children living in poverty in the United States increased from 16.9 percent in 2006 to nearly 22 percent in 2010. In the UK and in France the child poverty rate is well under 10 percent.
#34 A staggering 48.5% of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.
#35 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid.
#36 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.
#38 Since the Federal Reserve was created in 1913, the U.S. dollar has lostover 95 percent of its purchasing power.
#39 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.
#40 The U.S. national debt is now nearly 15 times larger than it was just 30 years ago.
Sadly, most Americans are not fired up about turning this country around. Way too many of them realize that things are getting worse, but they have “checked out” and are just going through the motions of life.
A perfect example is posted below. In this video, a FedEx delivery guy just chucks a computer monitor over somebody’s fence….
Can you believe he did that?
The sad thing is that the guy was actually home at the time and all the FedEx employee needed to do was ring the bell.
This is the kind of attitude that is killing America.
We all need to start caring again. We all need to start taking pride in what we do. We all need to start working hard again. We all need to make sure that we are living with a sense of personal integrity.
When a nation simply does not care anymore, even a con man can become president.
During a recent 60 Minutes interview, Barack Obama said that only 3 presidents in U.S. history accomplished more than he did during the first two years of his presidency….
“The issue here is not going be a list of accomplishments. As you said yourself, Steve, you know, I would put our legislative and foreign policy accomplishments in our first two years against any president — with the possible exceptions of Johnson, F.D.R., and Lincoln — just in terms of what we’ve gotten done in modern history. But, you know, but when it comes to the economy, we’ve got a lot more work to do.”
He had to be joking, right?
Sadly, he was not joking.
But it is not just Barack Obama. The truth is that both political parties are absolutely littered with con men, charlatans and corrupt politicians.
It is going to be up to the American people to get educated about how bad things have really gotten, to start demanding solutions, and to start voting much better people into positions of authority.
If dramatic changes are not made, our economy will continue to get worse and the decline of America will continue to accelerate.
We cannot stay on this road my friends.
It is only going to lead to a total nightmare.
Please share this information as widely as possible, and please try to wake up as many of your fellow Americans as you can while there is still time.