Perhaps more persons should have read or at least understood why Charles Dickens wrote in "The Tale of Two Cities" "It was the best of times and the worst of times.
" It is common knowledge that these days some American citizens are receiving dollar bonuses while others are literally existing in tents or under bridges.
In the state of North Carolina it is reported that one in every five families does not know where their next meal will come from.
Surprisingly, that is not the most dire hunger related statistic in the country.
In 2010 it is estimated that 3 million additional houses will be repossessed.
And it seems apparent to all but the most ignorant and hysterical, that it is unfeasible that a total of 10 million ex-homeowners were intentionally cheating the "system," or are so enjoying the benefits of unemployment compensation that they allow everything they own to be taken.
Unless someone has been packed away in a cryonic state for the past year, they know the financial system has become desperate.
(In another post I will dispel some common mythinformation regarding who is responsible for this and why) Each week some new and nonsensical bit of propaganda is poured out to a population so anxious for some positive news that they will believe anything.
Headlines peddle that employment is improving, the financial system is gaining traction, the stimulus package is working, ya de da.
Three years ago, the economy appeared to be traveling down the highway in cruise-control.
Then in 2007 the cheerful cruising began to show significant troubles.
The impending disaster, that was apparent to anyone paying attention, was that G.
W.
Bush had pushed the national debt through the stratosphere, while at the same time hiding the additional deficits in a discrete and classified budget for two wars.
Concurrently, the biggest of the corporate banks were gaming clients with unworkable loans and mortgages.
So as the economy started to shake, and when the shaking became extremely significant, action was taken.
It is now apparent that the action to save the economy totally favored the very persons and businesses that had managed to create the other "secret" problem in the first place.
Bailout funds were poured into the very financial institutions and insurance corporations who had been abusing customers for their own unbelievable personal gain.
But for a short time, the shaking slowed and we all began to think that maybe the problem was resolved.
Unfortunately, the reality is that the problem has gotten far more serious.
Opinions of extremely knowledgeable professionals found in quality publications like "Huffington Post," "Newsvine" and "Not the Times" consistently indicate that the "repair" is producing a problem that will ultimately result in the total collapse of the American economy.
(Actually, that has already happened, we just do not know it yet.
) In the ultimate "trickle down" economy concept, the Federal Government has traditionally gathered taxes and redistributed some of the money back to the states.
The states would use some for Federally mandated programs and forward the remainder to the counties.
Due to the wavering financial system, no government department has been able to gather the similar quantity of taxes they budgeted for much less to cover the stratospheric deficits caused by unwarranted spending and two wars.
Most of the "Stimulus package" money sent to the states with the aim that the funds would be used to generate new employment.
It was not used for that at all.
Rather, most states used the stimulus money to momentarily plug gaping holes in their budgets.
By all appearances, the economic crisis was under control while the reality is entirely the opposite.
Recent reports only found in on-line publications, show that in 2010 a total of 19 states were on the threshold of bankruptcy even with the help from the stimulus funds.
That information is a red flag for the whole country.
Should any one state's financial system stop working, there would be a ripple effect felt across the country.
(See the potential of Greece's financial collapse could have on all of the European Union) When 40% of the states are in such dire financial straits, the entire national economy is at risk, and risk is about to become calamity.
The Federal stimulus package temporarily plugged the holes in state budgets but only for only one year, and the clock is ticking.
Today, state after state is coming face to face with a new reality: most of what has been, will no longer be.
While "network" news outlets have remained mute on the subject, the problems are already being felt.
As has always been the case, the least will suffer first and suffer the most.
Schools are reducing what had been insufficient budgets even further; programs that feed the growing number of hungry people, or house the increasing number of destitute will be gutted.
Government workers at all levels will be laid off adding to the burden of the already bankrupt unemployment compensation budgets.
It only makes sense that organizations and businesses both large and little that provide products and services to government will rapidly experience the affect and will need to trim down their employment.
There will be no saving the economy.
The evidence strongly indicates that the entire ship of State is about to sink from intentional acts of sabotage.
Facts trickle out virtually every day, but the main stream media neglects to cover them.
While there is no intention to scare the people for the sake of scaring the people, on-line news outlets frequently cover these critical facts.
The editors are not hysterical nut jobs claiming that the sky is falling.
We are, by contrast, well educated persons who believe that the public should be completely educated on important matters that are, or are likely to, influence people's lives.
" It is common knowledge that these days some American citizens are receiving dollar bonuses while others are literally existing in tents or under bridges.
In the state of North Carolina it is reported that one in every five families does not know where their next meal will come from.
Surprisingly, that is not the most dire hunger related statistic in the country.
In 2010 it is estimated that 3 million additional houses will be repossessed.
And it seems apparent to all but the most ignorant and hysterical, that it is unfeasible that a total of 10 million ex-homeowners were intentionally cheating the "system," or are so enjoying the benefits of unemployment compensation that they allow everything they own to be taken.
Unless someone has been packed away in a cryonic state for the past year, they know the financial system has become desperate.
(In another post I will dispel some common mythinformation regarding who is responsible for this and why) Each week some new and nonsensical bit of propaganda is poured out to a population so anxious for some positive news that they will believe anything.
Headlines peddle that employment is improving, the financial system is gaining traction, the stimulus package is working, ya de da.
Three years ago, the economy appeared to be traveling down the highway in cruise-control.
Then in 2007 the cheerful cruising began to show significant troubles.
The impending disaster, that was apparent to anyone paying attention, was that G.
W.
Bush had pushed the national debt through the stratosphere, while at the same time hiding the additional deficits in a discrete and classified budget for two wars.
Concurrently, the biggest of the corporate banks were gaming clients with unworkable loans and mortgages.
So as the economy started to shake, and when the shaking became extremely significant, action was taken.
It is now apparent that the action to save the economy totally favored the very persons and businesses that had managed to create the other "secret" problem in the first place.
Bailout funds were poured into the very financial institutions and insurance corporations who had been abusing customers for their own unbelievable personal gain.
But for a short time, the shaking slowed and we all began to think that maybe the problem was resolved.
Unfortunately, the reality is that the problem has gotten far more serious.
Opinions of extremely knowledgeable professionals found in quality publications like "Huffington Post," "Newsvine" and "Not the Times" consistently indicate that the "repair" is producing a problem that will ultimately result in the total collapse of the American economy.
(Actually, that has already happened, we just do not know it yet.
) In the ultimate "trickle down" economy concept, the Federal Government has traditionally gathered taxes and redistributed some of the money back to the states.
The states would use some for Federally mandated programs and forward the remainder to the counties.
Due to the wavering financial system, no government department has been able to gather the similar quantity of taxes they budgeted for much less to cover the stratospheric deficits caused by unwarranted spending and two wars.
Most of the "Stimulus package" money sent to the states with the aim that the funds would be used to generate new employment.
It was not used for that at all.
Rather, most states used the stimulus money to momentarily plug gaping holes in their budgets.
By all appearances, the economic crisis was under control while the reality is entirely the opposite.
Recent reports only found in on-line publications, show that in 2010 a total of 19 states were on the threshold of bankruptcy even with the help from the stimulus funds.
That information is a red flag for the whole country.
Should any one state's financial system stop working, there would be a ripple effect felt across the country.
(See the potential of Greece's financial collapse could have on all of the European Union) When 40% of the states are in such dire financial straits, the entire national economy is at risk, and risk is about to become calamity.
The Federal stimulus package temporarily plugged the holes in state budgets but only for only one year, and the clock is ticking.
Today, state after state is coming face to face with a new reality: most of what has been, will no longer be.
While "network" news outlets have remained mute on the subject, the problems are already being felt.
As has always been the case, the least will suffer first and suffer the most.
Schools are reducing what had been insufficient budgets even further; programs that feed the growing number of hungry people, or house the increasing number of destitute will be gutted.
Government workers at all levels will be laid off adding to the burden of the already bankrupt unemployment compensation budgets.
It only makes sense that organizations and businesses both large and little that provide products and services to government will rapidly experience the affect and will need to trim down their employment.
There will be no saving the economy.
The evidence strongly indicates that the entire ship of State is about to sink from intentional acts of sabotage.
Facts trickle out virtually every day, but the main stream media neglects to cover them.
While there is no intention to scare the people for the sake of scaring the people, on-line news outlets frequently cover these critical facts.
The editors are not hysterical nut jobs claiming that the sky is falling.
We are, by contrast, well educated persons who believe that the public should be completely educated on important matters that are, or are likely to, influence people's lives.
Source...