America is going broke


More oil has been found than in Saudi Arabia, the military is stronger than ever before, yet the US is on the verge of collapse – morally, socially and economically. The gun and the dollar’s international primacy may keep it afloat, but the people are suffering.

In the largest state of California three cities have now filed for bankruptcy.

With the massive shift of wealth in the USA to the top 2% the bottom 50% now share only 2.5% of total wealth. Those at the bottom 25% (half of the bottom 50%) are basically destitute. More Americans need food-stamps now just to survive than just about any time in our history. Yet, no politician running for President mentions any of this. It is not a “plank” on any major (or minor) political parties agenda. None of the self proclaimed religious candidates mention poverty. It is a dirty big secret that we do not talk about in public. In fact, with nearly all attention being focused on cutting spending, only social spending not military spending, poverty is certainly going to increase even more.

In 2008, 17 million households, 14.6 percent of households (approximately one in seven), were food insecure, the highest number ever recorded in the United States. Four million households became food insecure in 2008, the largest increase ever recorded (p. iii, USDA 2008). (To get population figures from family size figures, multiply family size numbers by 2.58, the average family size.)

Researchers find 14.7 million children were poor in 2009, 2.5 million more than in 2000 hild poverty increased in 38 states from 2000 to 2009. As a result, 14.7 million children, 20 percent, were poor in 2009. That represents a 2.5 million increase from 2000, when 17 percent of the nation’s youth lived in low-income homes.

With the country in its worst economic crisis since the Great Depression, four million additional Americans found themselves in poverty in 2009, with the total reaching 44 million, or one in seven residents. Millions more were surviving only because of expanded unemployment insurance and other assistance.

Using an expanded definition of poverty, the U.S. Census Bureau said it determined that 15.7 percent of Americans — 47.8 million — live in poverty. Some 43 Million Use Food Stamps More than 14% of the population drew food stamps in November to purchase groceries as high unemployment and muted wage growth crimped budgets.

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