Posted on 03/14/2015 10:26:18 AM PDT by SeekAndFind
America’s economy resembles the propped-up false fronts of an old Western movie set; it seems unlikely to support a middle class anymore. The existential issue is simple, though insufficiently discussed: technology, demographics, and government policy are collaborating to impose economic decline. The evaporating middle class is taking the erstwhile American worker and his employer with it as it fades. Folk whose worry ends with the deficits hollowing out Social Security and health care are worried about poor passenger service in a falling airplane.
First, consider the U.S. workforce. Contrary to some folk, the government isn’t going to support everybody; the government has only the money it takes from citizens. Unemployed and minimum-wage Americans offer little to take, and the Labor Force Participation Rate is declining. Those growing numbers of non-working people have to be housed, fed, and watered by those still working. Government SNAP (food stamps), disability, and/or other benefits are presently paid to 49% of Americans. That is a wobbly crutch resting upon deficits from a government burdened with debt. Most of the money is taken from workers whose incomes have just halted a six-year decline. Our grandparents spoke of “trying to get blood from a turnip.”
That should illuminate the hollowness of the “recovery” claims, and there is more. While the work participation is going down, the population is going up. And those newbies need support, too. A significant number of them need support until they are 25 years old, per the unemployment tables. However, the young are becoming fewer; the U.S. fertility rate is declining for whites, blacks, and Hispanics, with the latter two declining less. When these babies reach 25 and more of them find work, they represent a long decline
(Excerpt) Read more at americanthinker.com ...
It’s even worse when one considers people seeking start and/or to support family...
A veritable house of cards, sitting on top of a swamp of debt.
http://www.merriam-webster.com/dictionary/potemkin%20village
Obviously the only solution is to import millions of uneducated poor Mexicans, Hondurans, Guatamalens, Salvadorans, Syrians, Somalis, move them in to your neighborhood and put them on welfare. I’ve been told that the noble illegal is a billionaire job creator that just needs instant citizenship and voting rights to unleash their business skills.
Well, you can only rack up so many massive trade deficits for so long before it starts to have an effect.
The Styrofoam Facade Obamaconomy.
Satan’s seat economy...pergamon
Because we know that European Union nations importing people from the Middle East and East Europe is working out like a charm (/sarc).
its only the people that actually work in the private sector that are getting screwed...
Potemkin economy.
There is no political solution at this point. Bring on the collapse so we can get to the reset.
We are Italy.
To say nothing about a debt to GDP ratio of 110%
America as a nation is similar to a person with rabies in the last hours. No obvious symptoms and seemingly recovered, but they are still dying, no matter how normal they seem.
Well the recession has done one thing for us, we’re down to 101% debt to GDP, but that still means we owe more than we’re worth to the rest of the world. Our trade deficits have fallen $15-20 Billion per month since the crash. I guess if you’re buying vintage you aren’t buying from China!
Without the perfect weather and cool marble ruins.
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