A long but excellent article well worth a read.
I believe that we have the new poor thanks to the stealth socialism of Barney Frank, Chris Dodd, and the "tax and spend" Democrat Party. They are mindlessly "spreading the wealth" with zero knowledge of basic economics, the 100% failure of socialism, and their warped and twisted views of a perfect society that features the culture of death.
Maybe more people should drive 10 yr old cars (like mine) instead of spending as much on a new car every 3 years as a house used to cost.
Yuk! Why isn’t this being told to Americans by the American news media?
I’m fifteen minutes from Ventura, Ca. I haven’t noticed people living in their cars, but I can tell you that things are bad in Southern California.
I’ve had clients (businesses) dropping like flies for a year and a half now.
My company has done fine because of loyal clients. However, new business is off dramatically.
If it gets much worse I will have to begin laying-off some really fine people.
Big government is at the root of ALL of this.
Our founders warned us. Heck, mother nature is screaming at us to live free 24/7/365—it’s our natural state.
The American population will suffer to the extent that they are not allowed to function as a free people.
He’s right about one thing.....the middle class has been fleeced by the government to assist both those above it (too big to fail) and those below it (automatic constituency).
Our family is part of the “new poor”. We’re not angry with the “rich”, but with those in government who stifle entrepreneurs and businesses who would employ more workers and raise their wages if the government were not so bent on controlling the lives of others. I am more than ready to sacrifice comfort for liberty. I don’t want a handout. I won’t take one. But I will help my fellow man more, if my wages were not taxed so much. I’ve chronicled more of my family’s “dealings” with our new poor status on a blog: www.newpoorzone.com.