This poor, disillusioned and wretched woman. She shouts out to government, the real daddy of her children. She makes no pains about her love of the state.
She doesn’t know it, but the gravy train is about to come to a screeching halt. Between welfare for the wretches, for corporations, and the burden of the warfare state, the economy will soon implode.
By the time her toddlers are in grade school, the middle class will be greatly diminished and wealth confiscation and redistribution transferred to the above will become increasingly impossible.
The indicators are everywhere:
The median income of the average American has fallen since 1974.
53 percent of all Americans in 2008 said they were middle class. In 2014, only 44 percent of all Americans said they consider themselves to be middle class.
In 2008, 25 percent of Americans in the 18 to 29-year old age group said they were lower class, but eight years later nearly 50 percent say they are.
46.5 million Americans live in poverty and the number keeps growing.
Since the start of Obama’s reign, the number of Americans on food stamps has risen from 32 million to 47 million.
Remarkably, according to the U.S. Census Bureau, 49.2 percent of Americans are receiving benefits from at least one government program each month and, over the last five years, the government has spent $3.7 trillion dollars on welfare programs.
In total, Americans are $11,360,000,000,000 in debt, largely due to credit card debt, student loans and mortgages.
This debt pales when compared to the so-called national debt. “The U.S. national debt is currently sitting at $17,263,040,455,036.20, and it is being reported that is has grown by$6.666 trillion during the Obama years so far. Most of the burden of servicing that debt is going to fall on the middle class (if the middle class is able to survive that long),” writes Michael Snyder.
This debt is unsustainable, according to the Congressional Budget Office. In a few years, it will surpass the GDP of the country. In a decade, the CBO projected, the debt “held by the public” – in other words, created by government – will double to over $27 trillion.
Like all figures produced by the government, this number is highly misleading. In fact, the national debt is far higher – according to Boston University economist Laurence J. Kotlikoff, the real number is $211 trillion.
However, when a “cancerous, bloated, and fictitious mass of derivatives” is figured in, writes Webster Tarpley, the debt reaches stratospheric dimension. “$1 and $2 quadrillion represents an insatiable black hole which is capable of putting an end, not just to civilization, but the human life itself,” he warns.
Even the mega-rich are warning about the debt black hole. The U.S. will soon become like Greece and Spain, staggering toward financial ruin, warns Donald Trump. “We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it,” he explains, citing the rather modest and deliberately misleading government numbers.
“The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation,” writes Robert Wiedemer, who accurately predicted the economic collapse that resulted in the bankster bailout.
After the great confiscation of middle class wealth invariably comes to an end and the United States is reduced to a full-fledged third world country, imagine the response of the folks who believe government is their daddy and wealth redistribution their birthright.