22 Statistics That Prove That The American Dream Is Being Systematically Destroyed

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The American Dream is being systematically destroyed right in front of our eyes and most Americans don’t even realize what is happening.  In the old days, if you were a hard worker and you played by the rules you could always find a good job.  That good job would enable you to buy a house, buy at least one car and support a family.  It would also enable you to take a couple of vacations each year and buy some nice things for your family.  After working for 30 or 40 years you would look forward to a comfortable retirement.  But these days fewer and fewer Americans are able to enjoy the American Dream.  Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a breathtaking pace.  Our economy is not producing nearly enough jobs for all of us anymore, and an increasing percentage of the jobs that are being produced pay 10 dollars an hour or less.  The cost of living continues to rise steadily every single year while wages do not.  Close to half of all American workers are living month to month, and many American families have gone deep into debt as they struggle to pay the bills.  Millions more Americans are falling into poverty each year and dependence on the government is at an all-time high.  Something is fundamentally wrong with our economy.  It is not working the way that it used to, and the middle class is being absolutely shredded.  Most American families are finding it harder and harder to make it through each passing year, and unless a miracle happens things are going to continue to get even harder.


The following are 22 statistics that prove that the American Dream is being systematically destroyed….

#1 As the economy has declined, the number of Americans living month to month has soared.  At this point, millions upon millions of Americans are living without any financial cushion whatsoever.  If you can believe it, one recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.  Another survey found that 42 percent of all American workers are currently living paycheck to paycheck.

#2 Thanks to horribly oppressive regulations, red tape and taxes, it is incredibly difficult to run a successful small business in America today.  According to the Christian Science Monitor, more than half of all small business owners in America cannot even afford to put food on the table from their small business earnings….

A shocking figure from the Wave survey relates to how well the business owners were able to meet their basic needs through their business. An incredible 52% of American small business owners can’t put food on the table through the earnings from their business over the past twelve months.

Another recent survey found that 23 percent of all small business owners have gone an entire year without pay.

#3 In recent years U.S. families have experienced an astounding decline in wealth.  According to the Federal Reserve, the median net worth of families in the United States declined “from $126,400 in 2007 to $77,300 in 2010“.

#4 The U.S. economy is not producing nearly enough jobs for all of us at this point.  For example, it was reported that 20,000 people applied for just 877 jobs at a Hyundai plant in Montgomery, Alabama earlier this year.  Sadly, the official U.S. unemployment rate has been above 8 percent for 40 months in a row, and this is supposed to be “the recovery”.

#5 Eight million Americans have “left the labor force” since the recession supposedly ended.  If those Americans were added back into the unemployment figures, the unemployment rate would be somewhere up around 12 percent.

#6 Corporate profits as a percentage of GDP are at an all-time high.  Meanwhile, wages as a percentage of GDP are near an all-time low.

#7 The United States was once ranked #1 in the world in GDP per capita.  Today we have slipped to #12.

#8 Just paying for the basics is becoming increasingly difficult for many Americans.  For example, there are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#9 The average American household spent approximately $4,155 on gasoline during 2011, and electricity bills in the U.S. have risen faster than the overall rate of inflation for five years in a row.

#10 Health insurance continues to become more expensive.  Health insurance costs have risen by 23 percent since Barack Obama became president. According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately 16.3%.

#11 As the cost of living goes up, wages continue to stagnate or even fall in many areas of the country.  Sadly, this is part of a long-term trend.  According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 declined by 27 percent after you account for inflation.

#12 The percentage of low paying jobs just continues to increase.  At this point, one out of every four American workers has a job that pays $10 an hour or less.  If that sounds like a high figure, that is because it is.  Today, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.

#13 Over the last several decades, the debt burdens being taken on by average Americans have absolutely exploded.  All of this debt is making things incredibly difficult on American families.  The following is from a recent CNN article….

In 1983, the bottom 95% had 62 cents of debt for every dollar they earned, according to research by two International Monetary Fund economists. But by 2007, the ratio had soared to $1.48 of debt for every $1 in earnings.

#14 During this time of the year, there are large numbers of new college graduates entering the work force.  Unfortunately, there are not nearly enough jobs for all of them.  In fact, approximately 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed last year.

#15 Many young adults have found that they can’t make it on their own at all in this economy.  Today, approximately 25 million American adults are living with their parents.

#16 Wealth in this country is becoming highly concentrated in fewer and fewer hands.  Today, the wealthiest 1 percent of all Americans own more wealth than the bottom 95 percent combined.

#17 Increasingly, our country is being divided into “two Americas“.  According to Forbes, the 400 wealthiest Americans now have more wealth than the bottom 150 million Americans combined.

#18 The rise in poverty is hitting children particularly hard.  If you can believe it, the poverty rate for children living in the United States is now 22 percent.  Large numbers of children in this country would go hungry without assistance.  At this point, approximately one-fourth of all American children are enrolled in the food stamp program.

#19 The more money the government spends on poverty, the more poverty seems to increase.  The federal government spent about 80 billion dollars on the food stamp program last year, but they can’t even tell us how that money is being spent.

#20 While Barack Obama has been president, the number of Americans on food stamps has increased from 32 million to 46 million.  But the Obama administration has decided that is not enough so they are spending taxpayer money on ads that will encourage even more Americans to go on food stamps….

The U.S. Department of Agriculture has been running radio ads for the past four months encouraging those eligible to enroll. The campaign is targeted at the elderly, working poor, the unemployed and Hispanics.

The department is spending between $2.5 million and $3 million on paid spots, and free public service announcements are also airing. The campaign can be heard in California, Texas, North Carolina, South Carolina, Ohio, and the New York metro area.

#21 As the middle class shrinks, the ranks of the poor continue to expand.  Sadly, at this point 48 percent of all Americans are either considered to be “low income” or are living in poverty.

#22 More Americans are becoming dependent on the government than ever before.  According to an article in the Wall Street Journal, 49.1 percent of all Americans live in a home where at least one person receives financial benefits from the government.

  • Cinderella Man

    I think most americans do realize the dream is over… They see the inflation and wage stagnation, they see their neighbors struggling to keep their homes, they see them joining them in line at the welfare office and food pantries, they see former sucessful friends asking them if they can crash on their couch for a few days, they see them sleeping in tents, they see the cops tossing them out, they see the desperate looks on peoples faces while grocery shopping, fustrated at the rising cost, they see the govt. lying to them everyday about a false recovery, they see the rich getting richer and now the middle class getting poorer, see being poor and on food stamps is not just for the trailer park or urban ghettos anymore, its in suburbia now. They see that hope and change means everybody is just equally miserable, they see themselves and their children growing up in a police state where all their actions and thoughts are closely montored, they see desperation meet sucicide and murder, but they havent seen nothing yet. I see these things. I know the American Dream is over. I know that a nation built on deceit will die by deceit. A new dark age is approaching. Can we be lights like Michael says or will we turn our backs on our humanity and fall into the abyss?

    • “I know that a nation built on deceit will die by deceit.”


      There was an inherent dynamic that drove lies, backed by violence, to become triumphant, which is driving that to go mad, and so destroy itself.

      The more I think about how the middle class has been destroyed by being tricked by lies, the more I think we have already passed the event horizon into a social black hole.

      “A new dark age is approaching.”

      The magnitude of the radical truth that would be necessary to comprehend the enormous lies that taken over appears far too great for people to assimilate. By far the most important one is the problem of privatized fiat money-as-debt, which has been a runaway FRAUD KING in the USA since 1913. The triumphs of that FRAUD have spread EVERYWHERE!

      America has become so bad that the voting machines have been privatized, and so people can no longer even trust their votes to be trusted. Further future trends are likely to be that even more people will give up on voting at all, since the established systems have become so totally corrupted, that there seems no reasonable hope left for “democracy.”

      We are already trapped inside increasing spirals of lies backed by violence. The violence can never make the lies become true, but nevertheless, that violence was able to keep those lies going and going. More than anything else, that has driven Americans insane!!!

      It is easy to go through a long list of ways in which EVERYTHING IS BACKWARDS, since we now live in a Bizarro Mirror World Fun House, due to triumphs of lies making FRAUD KING.

      The single simplest symbol, and a particularly extreme example of that, were the huge lies that criminalized cannabis. In fact, hemp is the single best plant on the planet for people, for food, fiber, fun and medicine, and BECAUSE that is the truth, there were huge lies, backed by violence, that asserted “marijuana is almost as bad as murder!”

      That cannabis was criminalized epitomized how America became a nation built on deceit, that is now dying due to that deceit. Totally insane LIES control almost everything, which the history of hemp illustrates in the starkest ways! The first American flag and the Bill of Rights were made with hemp. Like I said, criminalizing cannabis is the easiest to understand of the various enormous lies that have destroyed America, and therefore why it does look like “a new dark age is approaching.”

      The radical truth can not be merely saying that “marijuana is not so bad, and should not be so illegal.” The radical truth is that the government of the USA became almost totally evil, and therefore, the single best plant for people on the planet was forbidden to be grown and benefited from. That is the kind of radical truth that America needs throughout every other aspect of a long list of ways in which EVERYTHING IS BACKWARDS, SINCE FRAUD IS KING!

      The most radical truths of all are the ones necessary to understand how and why that happened. More Americans should become able and willing to do that! However, the few that have partially woken up are still half asleep, and nostalgically dreaming of somehow going backwards, instead of going forward. America needs a new dream. That is possible, but it will take much more radical truth about everything, on every level!

      • MB92083

        Were you using hemp while you wrote this comment??

        • HecatesMoon


      • Dave in AZ

        Blair T Longley

        You have it 100% correct. “privatized fiat money-as-debt” is spot on. The value of a US dollar has decrease to 4% of its value since 1913, the founding of the FED.

        Our stock market is a joke right now. The only time it goes up is when FED policy is announced (money printed) in both the US and EU. TWIST (swapping out 1 year debt for longer term debt), or ZIRP (zero interest rate policy), QE1, QE2, QE3…or anything else is destroying this country more than anything.

        Until the central banking system is take BACK over (like it was six times before 1913) by the people via Congress, we are headed towards a black hole of misery in the US and really Western World.

        Unfortunately, people are going to remember Ron Paul after it’s too late…like in about 24 months or less. Be Prepared!

  • marK

    What can you say. The more that Obama and company dole out, the less Americans take care of their own needs. In the end Americans have become lazy and will cry to the government for their needs and the government will continue to take away our rights a little at a time and then you are trapped in their web.

    • Alyssa

      When you subsidize something, you get more of it, like unwed mothers or homeless shelters. People like freebies. Who’da thunk it?

      “When people find out they can vote themselves money, it will herald the end of this republic.”

      “The best way to lift someone out of poverty is to make them uncomfortable in it.”

      • DaytoDay

        “People like freebies. Who’da thunk it?”

        There was a guy I used to work with, who was unemployed from construction for 2yrs, he received $1,000/month in UE checks. At the job we worked at he was making $800/month, working 5 days a week, 9hr shifts.

        He said, “The only reason why I took this job, is because my unemployment checks ran out.”

        So, if unemployment and welfare are comparable to minimum wage (Which are the only jobs around) Why not sit on a couch and collect a check, rather than “break your back” for the same amount of money…

        And this seems to be the mentality, and if you ask me, people who are “gaming” the system aren’t stupid at all… In fact, they’re actually smart enough to understand that they can live like mini kings and queens all at the cost of NOTHING!

        • Gay Veteran

          he received $1,000/month in UE checks and lived like mini kings and queens?

          In Baltimore you would be hard pressed to get a one bedroom apartment in a good neighborhood for $1000/month

      • p8ryot

        Right On!

      • Gay Veteran

        Alyssa, I fixed your sentence:

        “The best way to lift someone out of poverty is a JOB.”

  • Bob

    99% of the problem are the regulations that this administration has put in place and the jobs that the administration has created are outside this country.
    Wake-up America this obama is in place to destroy this country and remember the easiest way to destroy a country is through its currency. And both houses of congress thinks he is the greatest. The House can de-fund the administration but instead they give him all he wants. It’s the plan and we lose!

    • Gay Veteran

      “99% of the problem are the regulations that this administration has put in place and the jobs that the administration has created are outside this country”

      I’m no fan of Obama, but proof please!

      • MisterC

        How about using the EPA to shut down power plants? Obummer is no friend of coal. Unfortunately a federal judge just ruled that the EPA can regulate ‘greenhouse’ gas. Looks like the judge has been listening to al gore toooooo much and has just helped out the ‘global warming’ agenda of the current administration.
        ps- How’s your electric bill?

    • i’vegivenup

      Squeezing of the middle class began long before Obama took office. I blame both parties for the mess we are in and because of the power of money our country will remain a two party system. There is NO hope of things ever changing. WE ARE DONE…

  • Bob
  • TimeHasCome

    We are witnessing the great collapse of our currency . The money is being moved from the public coffers to private banks . This wealth transfer started with “To big to fail” and will not stop till millions of people worldwide stand up and say no. Great old book , see if you can find it “When Money Dies”. Very tough book to read , but you sure can see the same pattern as today.

  • Kevin

    Root cause? Free Trade with slave labor nations with the associated evisceration of industrial capacity and the loss of “good jobs at good wages”. The result is that the tax base declines, governmental services decline, infrastructure declines and debt is increased to maintain the previous status quo and in the case of the social safety net potentially increase due to demand.

    The citizens in the developed world did not ask for the above but regardless who they voted for in their “Democracies or Republics” they got it anyway.

  • i’vegivenup


    You and I know that REAL unemployment is currently sitting at 22% and it will continue to get worse. The 8.2% “Obama rate” is a total lie. At work I was recently transferred to another store because the store that I was at could no longer afford to have an assistant manager because of lower revenues. The catch is the store I was sent to already has an assistant and so I was “demoted” to a supervisor’s position making less money. It only gets worse…


  • karen

    We are all aware of these depressing statistics and who and what is to blame. Instead of rehashing this over and over, be proactive. What is the solution? Offer a think tank and lets all brainstorm on realistic solutions. This was the American way, until we were led astray by lying greedy politicians, and mega corporations who control the propaganda media. Get off the couch, turn off the brainwashing, mind-numbing TV and tech games. Look at what Iceland has done. If you don’t remember the old America, follow their example.

    • Justa Guy

      Payoff debts, stockpile necessities, try not to spend money at corporations-if you need something, try to buy at yard sale, consignment shop, barter. Whenever and wherever possible, try not to give money to the govt. They are the ones who created this mess, and they are the ones that will only give more money to the “Too big too fails”. Work for cash, help others with work and have them help you (rather than paying a company and being taxed), try to keep using what you have instead of buying and paying tax, buy used and don’t pay tax, etc. If you have to buy new, try to buy American (at least that will give jobs here). These are some ways to be pro-active.

  • grandee

    Two months ago my sister moved in with us. Why? Her husband left her, their house was forclosed on, she lost her health insurance when husband left, her car was in hock with the title loan people, and she is suffering from liver health issues. We are thankful that she still has her job as a stainglass window maker/restorer. She makes about $350 a week and most goes for her gas to work, unpaid medical bills (she wants to do the right thing and pay them, not go into bankruptcy),doctor visit/prescriptions-now full price, and car insurance. She makes too much money for food stamps, I insert that little bit of info to show how destitute she would be if we had not stepped in. We provide her the food and shelter at no cost-cause she just doesn’t make enough to provide her own shelter. She is part of the “working poor” in this country who work perilously close to the edge of the cliff. All it takes is for something to go wrong with the car or her health and it’s all over. Taking someone into your home, especially a family member, can cause stress and frustration at times. We, thankfully, have had just a little bit of that as we grow accustomed to each other. America–help an “American” family member or friend “down on their luck” as Bogart said in the movie. We WILL need each other to climb out of this mess.

    • Gay Veteran

      grandee, sorry to hear about your sister, but she needs to declare bankruptcy. There are just as many crooks in sickcare as there are on Wall Street.

  • MB92083

    I have a simple minded solution: TAX THE RICH HARD!!!
    I’m sure gary2 will agree :-)

    • Guido

      Sure, take all the money we have-the amount of money we owe is larger than the entire US GDP. Not counting the unfunded liabilities (119 Trillion), the US Debt is 57.9 Trillion, while the GDP is 15 Trillion. What are you going to do? Seize all the money in the USA? If you sold off ALL of America and everything we all had, it would only come to 90 Trillion. You can’t get there from here.

      Face the facts, dude, the fedgov will not be the solution to this. They’re the ones who caused it, anyway.

      Besides, look at how Obama spent the stimulus. It hardly went to actually stimulate the economy-it went to his friends and pet projects. He even admitted there was no such thing as “Shovel-ready jobs.” Don’t believe me? How about his amazing job funneling gov’t money (your money) to his buddies’ solar boondoggle businesses? They failed, wasting millions. And there’s the other great things the fedgov spends money on, like suing states that pass laws supporting the fedgov’s laws. And sending money overseas to people who hate us. Or the GSA’s tax payer parties. Or the 100 million the government is sending to both parties for their rallies this year. Or flying Nancy Pelosi on USAF jets. etc, etc, etc.

      Yeah, more gov’t is the answer.

      • xander cross

        Something is very wrong with Gudio. The internet is a funny tool.

        • jaxon64

          typical liberal..can’t argue the facts so you just insult the messenger. Hey Xander, How about once-JUST ONCE presenting some researched or well thought out contribution to the article or comments–NEVER a single intelligent contribution, just insults, sarcasm and low-brow attempts at barbed humor.

          • Guido

            Thanks, Jaxon64.

            Tell ya what, Xander, do some research and prove me wrong.

  • If we no longer rely on the government for anything, and that means protecting ourselves and beign our own leaders, growing our own food ect. they cannot control us.

  • Dave Webb

    The answer is to bring the jobs back to the USA.
    Now that I have announced that we “Bell the Cat” how do we do it?
    Level the playing field is the best answer I have come up with so far. Anything coming into this country will have to cost the Corporation bringing it in from a low wage, low currency company, compensation of some kind for the lack of taxes on the labor, Tax the company that is bringing it in to compensate for the lack of taxes ordinarily our governments would receive. That makes it problematic whether a corporation wants to leave for greener pasturers.
    KISS. That is a computer saying. It means Keep It Simple Stupid! Our tax laws have become too complex for small business to compete with the giants! It is time to overhaul the entire tax code. The advantage has always been with giant corporations when it comes to people that can afford huge departments of law and accounting. That law is just plain wrong. We need to make it possible for small business to survive to become bigger.
    There is an excellent article of an opposing view by Gary North on Lew Rockwell. Tariffs are not the answer. That basically is the view. As an economist, Gary is much better qualified than I am. As a middle class worker with a trade and a union background in a craft union I see things different.
    I look at things from a different angle. I have worked my entire life. I have raised a family and they work. I look at it from the angle that we have to survive. To do so, we have to enforce existing laws. One of those laws is Sherman Anti-Trust legislation. Standard Oil in our history was broken up because of unfair business practices. Those practices go on to this day.
    The current unfair labor practice is to produce goods overseas in nations with a primitive currency. The ratio of exchange is often 10 cents on the dollar. That means that industry can move there and pay workers a fraction of what they pay here. That is okay with a lot of folk. It is not okay with me.
    Our entire government is based on the production of this country in the form of an income tax. If no one makes any money in the middle class then you had better find another way to finance the government.
    No one can negotiate a fair wage with a giant corporation. It is simply not possible to negotiate if they do not want to. One company that was rich in the 90s, took a teamster group all the way to the supreme court and lost. Why? because they could. because they had the money to do so. They were in violation of basic negotiation laws.
    I maintain that the only rights a worker have, are based on organizing professionals to do the negotiating for you. That has changed. You have laws designed to keep that from happening all throughout the southern states of this country. Companies blatently disregard fair labor practices where ever there is no group to defend them. I have personally see that happen where I worked. And I worked in a state that is supposedly labor friendly.
    You want to solve the problem? The problem is to put the foundation stones of this country back together. The solution in the 30s was tariffs. The solution was unions to balance the negotiation of wages. Long term that led to corruption and criminal activity on both sides of the table.
    How many Union Presidents suddenly were qualified to take management positions in the companies that they had negotiated with? I can count at least two over 20 years where I worked. I think it was wide spread.
    The entire government is financed from our wages. It is time the government acted as our partner not a parasitic growth that kills the host.
    China has waged economic war on the world for the last 30-40 years. It was a profitable thing for us short term when our currency was threatened by huge bills from the Viet Nam conflict. Suddenly retail goods were cheap.
    China did this by understating their currency. Financing industry to compete with everyone. Copying others patents and copyrights and literally stealing from us. The government did nothing about this. Now that the wage base that supports them is in jeopardy they do not know what to do.
    The financing of housing and multi failures of people to pay a mortgage are a side effect of what is happening in industry abandoning this country.
    So what is wrong with a housing market that is the base of most of our banks? To me it is profit and attraction gone wrong.
    I bought my first house on a VA Loan in 1969. I had $50 in my pocket. After taxes that is. I put the entire $50 towards buying a $13,900 brick home with one bathroom and a one car garage. It was close to 17 miles from my work place . . . Gas was cheap at the time. Cars wore out. That cost me.
    I received tax benefits the next year of approximately $800. I was newly married, with one child. That left me with two additional dependents besides myself. At the time there was a slight advantage tax wise to being narried with children with a house. I received approximately $800 back that year. In today’s currency that house translates to 139,000. The wages to $500. The tax break to $8,000. Yes the currecy devalued to 1/10th the value it was in 1969.
    Our wonderful legislatures have cheated us out of most of those tax breaks over the years. I suggest they better put them back in place if they want this country back the way we had it. I own two houses right now. I normally take the short form because there is no advantage even with two houses for me to take the long form. I am married. There is a disadvantage in the tax law to being married now. Again question your political parties on that one.
    I suggest a relief act on mortgages. I suggest we put into place a system that profits both the bank and the home owner to stay in his home in an economic crisis. No more foreclosures. Instead lets set up a system that allows the home owner breathing room to get his finances in order. Extend the length of the mortgage by five years. Take away all but the real estate taxes and insurance while the person is getting back to work. Instead of vacant homes all over the place, you have people that know the government and the bank are trying to work with them to re-arrange things. You know that the bank is on your side for a change. The bank writes it down. They have 5 years of additional payments in return for their investment. They can still foreclose but it is a remote possibility. At the end of 2 years, if the home owner is not able to get work, they can come to an arrangement where the house is put on the market. The home owner has walked away with a place to live for 2 years almost free of charge compared with rent. I think someone not as ignorant as me, needs to write the details to keep fraud at bay.
    Everything said in the article I am replying to is true. We need solutions. I have thrown these ideas out as partial solutions to the problem.

    • xander cross

      Of course, people like you are the very problem with this country. Funny, how you all got VA loans that black people could not get for many years due to segeration and racism. You so called conservatives are something else.

      • Guido

        HA! Zander, you are as entertaining as you are ignorant.

        In what way is Dave Webb the problem with the US, just because he bought a house?

        And I love your typically liberal move of making an ad hominem attack on Dave based on events in history for which he has no responsibility.

        By your faulty reasoning, pretty much everyone is a racist. I was in the Army, too and they were once segregated, so we were all racists.
        I live in the USA, and there was slavery here once in history, so obviously, all Americans are racists.
        My ancestors immigrated to the US more than a century ago from Europe, but 50 years later their nation was allied with Germany in WWII against the Communists, so they all must be racists.
        Ancient Greece, upon whose culture nearly all of Western Civilization is based, once held slaves, therefore everyone in the West is a racist.
        Wow, that makes me a racist to the Nth degree, huh?

        Saaaay, Xander, I’m curious-by your peculiar brand of “reasoning,” I’m curious why don’t YOU count as a racist?

        Is it because you’re always so quick to accuse everyone else?
        Is it only the conservatives who are racists?

        Why is it the taint of racism never attaches to libs, even though you live in the US, too, you spend the same dirty money the rest of us do, you consume the same entertainment, vote in the same elections, and you generally perpetuate the same system you hate us for perpetuating?

        Aside from calling names, which seems kind of funny if you’re going to make a career out of fighting hate and bigotry, I notice a lot of nastiness from the left, including attacks on Black conservatives like Clarence Thomas, for instance, or Thomas Sowell, Herman Caine, or Condoleeza Rice, and others.

        The best part is watching libs call a Black conservative a reverse racist. That was the most entertainment ever.

        When you look at the great results of LBJ’s Great Society (not to forget his many racist statements), decades of poverty spending, FDR’s racism and absolute refusal to fight for integration, the DNC’s opposition to ending Jim Crowe, Bill Clinton’s bigoted comments about Obama fetching coffee, or just the recent efforts to claim minorities can’t figure out how to get an ID to vote; it’s hard to see how liberals actually care for minorities in the US.

        But Dave’s definitely a racist because he bought a house and supports government reform across the board for everyone. Yep, he’s a hater.

  • Dave Webb

    Pardon the spelling errors. I am writing this with little sleep. Had a personal problem to solve this week.

  • Michael

    By the way, an hour long audio interview with me an Ray Gano is being featured on TruNews today. If you are interested in checking it out, you can find it here….


    • Michelle

      great, GREAT interview. I missed the part about what will happen in 3 days? My husband caught it, but can’t remember what was said.

      • Michael

        I don’t recall anything that will happen in three days, but we did discuss how the months of September, October and November are shaping up to be troublesome.


  • A047

    What’s up with everyone these days wanting or expecting entitlements? I have a job. I save my money. I have never drawn unemployment or food stamps. You first have to want to work. Then you need to position yourself to make money. No one is going to come give it to you. I had to move a few times to go after work. These days you need to be a Jack of all trades. Learn new skills. Start a business. Make something and sell it. Be creative. Get off the couch. Stop wasting time watching Americas got talent. Go out tomorrow and make something happen. Something good.

  • mondobeyondo

    It is extremely sad to see what is happening to our country.

    That being said, what’s the solution?
    Should we get the backhoes and start shoveling money on the problem? We’ve already tried that with education. Effect: none. The amount of money is not the issue. How the money is spent and used is the issue. Draw your own conclusions.

    Is government mismanagement, at all levels top to bottom, the problem? It certainly could be.
    Are we doomed to live in a nation where a few hundred people dictate how the other 310 million people (plus or minus) live our lives? That’s up to you to decide.

  • Guido

    Actually, it is all much worse than your stats show. For one, I think a lot of people are aware the FedGov has been faking the stats on employment for decades. In 2003 the LA Times did a study showing the then-low employment figures were fake-and were probably closer to 12% when you added up all the different classes of unemployed, underemployed, and no longer looking. I can only guess what it is now, but it’s gotta be reeeeal bad.

    Today, Zerohedge reported the Bundesbank is estimating the US will go into a recession in late August, while in another article they showed statistically, economic disasters strike in September. They assembled data from over 140 different recessions and other economic crises and showed the vast majority hit in September, followed by December a distant 2nd. As if that wasn’t bad enough, another indicator came out from the American Chemistry Council showing industry in the US is slowing down orders for chemicals used in manufacturing-meaning production in all areas across the US is in decline.

    If you’re concerned about the economy, you have at least a few weeks to get your affairs in order before the fit really starts to hit the shan.

  • Strayhorse


    I have sent the following to every Presidential Candidate, to the current President, to the President’s new Jobs Czar, to the Speaker of the House, to my state’s congressional reps; and to every major newspaper yet it would seem that considering the suggestions I have outlined below is not what these decision makers want to hear.  However your article about the pending mortgage defaults, you would think, would be enough of a concern that whomever takes my suggestions seriously might just save the day and insure being elected by the “average citizen” in the next election.  These suggestions can’t do any worse or cost any more than some the failed schemes the average American has been made to endure these past few years!
    Please consider the following:

    The President would rather spend $300 billion on programs that will never get to the average American in any way that would raise their standard of living at more than a living wage i.e. the recent $500 million for the solar company that went bankrupt; or the $13 billion unemployment benefits that were paid out in error; or the $1 trillion that was lost and unaccounted for by the Pentagon according to the GAO, and on and on. What is needed is what is proposed in the following Economic Freedom and Stability Act. Can anyone help me get this word out?

    The Social Security system, Medicare, Medicaid and many state social services programs are at dire risk of imploding; employment has stagnated and is growing more dire; military personnel may or may not be coming home due to the lack of employment and supports for veterans; and current high school and college students face a bleak future of unemployment and debt. 
    To relieve the pressure, prevent the collapse of a once vibrant and beneficial system of assistance to those in need; and to encourage support for those who have worked hard to support others, the time has come to initiate the following ECONOMIC FREEDOM AND STABILITY ACT.

    The simplicity of the following program is exactly what America needs to take the pressure off burdening supports, and encourage re-investment in the American way of life.   



    Please find below a simplistic compilation of suggestions for fixing America’s economy. Instead of giving any further bail-outs of billions of dollars to the banks, financial houses, or corporations that will squander the money on obscene and unearned bonuses without giving any thought to using those funds for the betterment of the poor and middle class, the following plans are presented instead:

    PLAN A: 

    There are 50-60 million baby boomers who remain employed in the work force. We suggest that the United States government offer each of those employed baby boomers $1 million dollars each, tax free, as severance to retire from their employment within 30 days of receipt of the $1 million dollar severance with the following stipulations:

    I.          The new EFSA retiree MUST cease their current employment and not hire on as an employee anywhere in America ever again. 50-60 million job openings will occur – Younger potential employees and college graduates are then hired.  Unemployment costs saved and employment opportunities will immediately be resolved. (The new retirees CAN start a business, and they can eventually hire new employees too).

    II.         The new EFSA retiree MUST buy a new AMERICAN made energy saving, green rated automobile. With 50-60 million new American made vehicles ordered the auto industry will once again become stable and solvent with jobs and needed resources enjoying economic growth- Employment, Environment and Auto Industry fixed.

    III.        The new EFSA retiree MUST either buy an American house/condo or pay off their existing mortgage thereby increasing jobs, and stabilizing the housing and mortgage issues – Employment and Housing Crisis fixed.

    IV.       The new EFSA retiree MUST purchase a life insurance policy to insure that those who depend on them for support will be taken care of in the event of untimely death or medical setback. –Dependents and Caregiver Coverage Fixed.

    V.        The new EFSA retiree MUST purchase and carry yearly medical, dental and vision coverage for themselves and their dependents, decreasing healthcare costs and burdens for the nation, and ensure continued wellbeing and quality of life.  – Financial, Employment and Healthcare Coverage Fixed.

    VI.       The new EFSA retiree MUST forfeit all future Social Security, Medicare, and/or Medicaid benefits decreasing trillions of dollars of social welfare costs; eliminating the financial burdens on the coming generations, and encouraging self-determination.  Budget Deficit fixed.

    *** Certainly even some of the noted suggestions warrant further consideration, or the opportunity to be further elaborated on and implemented.  Such an economic and stability program could be in effect by the end of 2011 without much financial investment considering the billions of taxpayer dollars being wasted each minute as you read this proposal.


    PLAN B:








    With the implementation of the SEVERANCE AND VETERAN ACTS, America’s students will see a brighter future to invest their efforts and talents while creating plentiful jobs without fear of increasing the unemployment ranks.

    PLAN C:










    With the implementation of these simple SEVERANCE, VETERAN & STUDENT ACTS, America’s economy, spirit, and future will exponentially expand beyond the nation’s current burdens and constraints, with prosperity and renewed re -INVEST in AMERICA (I AM) – SOLUTION.

    RL Stephens

    • justadad

      60 million baby-boomers x $1,000,000
      = $60,000,000,000,000.00
      Where is the $60 quadrillion coming from?
      “without much financial investment”?
      Your “solution” cannot be taken seriously.

    • JasonD

      Give baby boomers 60 trillion dollars after they have already squandered every natural resource there is?? And how will everybody else eat if a loaf of bread costs $1000?

      Thanks for the laughs!

  • Buzzy Watts

    The American Dream is precisely what’s destroying the country. They tell us that the working majority consists of subhuman parasites, and that in order to count as people we need a college education, a 4-door sedan, a McMansion, and an AmEx credit card. Is this a wise basis for a national credo? Is an honest, upright laborer really inferior to a lousy, superficial middle manager who went deep into debt to buy a million status symbols?

    • Colin

      I believe that we are living in an Ayn Rand world where the extreme wealthy believe that they are the true creators of wealth, and that everyone else is a parasite. While the American Dream was a myth created by savvy marketing professionals, it had a modicum of truth in that if an individual worked hard they could succeed. The dream didn’t destroy the nation; it propelled this nation into number one as the biggest consumer base in the world. I think what is devastating this country is the abuse and corruption of the free enterprise system by the wealthy.

  • badbrian

    For those of you who are interested in the dynamics of money debasement, When Money Dies is an account of the terrible inflation in Weimar Germany and what it lead to. It is still available from Lazes-fare book store .com Please pardon my spelling.

  • William

    Well, WHY are you complaining?? This is the America that you have voted for. This is the America that you will vote for in Nov. Be sure to reelect the FOOLS that represent you in the US Congress. But, actually, they do not represent YOU. They represent themselves first, then they represent the donors who fund their reelections, then they represent a foreign country that attacked the USS Liberty……but, not YOU.

  • I think the simplest solution is for the US people to come together to abolish the private banking cartel stranglehold on national credit issuance, aka the ‘Federal Reserve’, which is neither Federal nor a Reserve. It also might be better to allow States to issue currency and/or run their own credit. I believe North Dakota does something like this already. In any case, decisions have to devolve back closer to the local level.

    Yes, our increasingly urban populations demand careful management and we can’t go back to preindustrial agriculture-based norms with feudal lords in charge, but some sort of move back in that direction would be good. For example, without agro-business all the unemployed could be back on the land, so to speak, or in small towns near farm areas. Without mass production of food via supermarket chains there would similarly be far more people involved as butchers, bakers, shoe makers and all the rest of it.

    The laws giving corporations the right to contribute politically should be annulled immediately. Only living humans should participate.

    The proportion of income tax should be 50% local/municipal, 35% State 15% National.

    Armed Forces should be for defense of the mainland only. All foreign bases should be closed. We can still have a robust military without all those bases. And their presence on US soil would not only be a deterrent but also boost more local economies.

    Change energy system to natural gas, though if the large oil finds that are rumoured are true, no need.

    Socialise all energy providing services. Lessen large grids and distribution systems.

    The main thing though is: abolish the Fed. Once we have our own currency/credit back, all will be well.

  • Don Levit

    For # 13, you wrote In 1983, the bottom 95% had 62 cents of debt for every dollar they earned, but in 2007, the ratio had soared to $1.48 of debt for every dollar in earnings.
    Personally, your statistics seem more accurate, than what Scott Burns provided in an article in today’s Houston Chronicle entitled “Are you ready for some good consumer news?”
    “in the last quarter of 2011, our household debt service ratio was 10.88% of disposable personal income, down from a peak of 13.96% in the third quarter of 2007 (this comes from the Federal Reserve’s Household Debt Service and Financial Obligaion Ratios).
    You have to look back to the early 1980s to find a period when the debt service ratio was consistently that low.
    We are getting stronger. We’re in much better shape than we were five years ago.
    How should we adapt? The answer is that we need to continue paying down debt and reducing those financial ratios. This will give us flexibility with our income. Every percentage point reduction in those ratios represents income that can be spent on personal consumption. We just won’t be borrowing to do it.”
    Don Levit

  • Dave Slave

    People, what is happening to the USA and the rest of the world is a result of direct manipulations by powers-that-be during secret Bilderberg meetings.

    • Kev

      Not quite Dave.You’ll find most of it is discussed during 300 meetings.Research and learn.
      Not meant as any form of disrespect to yourself.Dr John Coleman is the point of reference.

  • Michael

    The rich waged war against the poor and won.

    America will just have to downsize its population.

    If you can’t afford to have children, don’t marry. And if you are married, sleep in separate beds.

  • Gary2

    There are unfortunately more than 22 republicans in congress. All you need to do is count how many republicans in congress and that is the number of reasons we are loosing the dream.

    Listen to Van Jones. He makes good sense on reclaiming the dream.

  • Gary2

    Tax the rich and spread the wealth. The top 1% have 14 trillion of wealth–more than enough to pay for anything the country needs and then some.

    See Cap Gemini wealth report for this stat.

    When low info right wing dolts say if you tax the rich 100% its still not enough are lying.

    • Guido

      What country do you believe this is?
      Taxing anyone at 100% is insanity. It’s absolute theft. You may as well murder them while you’re at it. How did we get to the point where you get to arbitrarily decide who can have money and possessions and who can’t?

      What makes you think the fedgov would properly spend 14 trillion on the poor, anyway? At this rate, they could just as easily miracle up the money and just hand it out on street corners-except when they do that, they hand the money to the bankers. The fedgov has never shown they were particularly responsible with money, so why expect them to start now?

      Plus, if you arm the fedgov with the power to summarily seize everything belonging to one person or group, what’s to protect you from the same treatment? Surely, you have more than someone else who is somehow more deserving than you are; it should be seized and given to a more needy person.

      BTW-it’s not “low info,” look it up some time. Our nation is 56 Trillion dollars in debt. In addition to that, we are 115 Trillion dollars in debt with unfunded liabilities like Social Security, Medicare, etc. By comparison, the GDP of the entire planet is only 61 Trillion, so how, exactly, will you pay off that massive outstanding debt???

      Yeah, tax the wealthy right into the poor house, I’m sure it will make a massive dent in the bill.

  • Colin

    Today, the Organization for Economic Cooperation and Development released a report on the inequality in the United States. The report is damning about the inability of our federal government to stem the rising tide of inequality, and the authors propose solutions, including raising taxes on the wealthy, for our inequality crisis.

    CNN Money Summary:

    OECD Report, June 2012:

    OECD (Wikipedia):

  • Reaganomics

    What you’re witnessing is the end result of 30 years of Reaganomics, union-busting, and deregulation of the financial sector. These policies have led to a huge transfer of wealth and power from the poor and middle class to the rich through tax policy.

    Wages have stagnated for all but the richest among us; they’ve skyrocketed for them, while productivity of the American worker has tripled. We’ve also allowed the costs of education and health care get so out of control that they are luxuries for which Americans have to go deep into debt.

    You are being robbed blind by the GOP, and the Democrats have followed right along with them. Let me guess; you blame the liberals, too much regulation, unfair taxes on the rich. Keep digging that hole deeper, pretty soon it will be a mass grave for all of us to die in.

  • Piglet

    [According to the Christian Science Monitor, more than half of all small business owners in America cannot even afford to put food on the table from their small business earnings.]

    As one might imagine, yesterday’s news (propaganda broadcast) claimed small business owners are very optimistic about the economy and future prospects. I kid you not. See for yourself:


    What nonsense.


  • Hi, I think my cartoon captures the real picture. Regards

  • Washington76
  • Guido

    WMAL’s Brian Wilson wrote a great poem using Barry’s famous statement about how the private sector is performing. It sounds even better if you follow the link and hear the spoken version.


    Wilson’s Culture Corner


    Doing Fine

    By Brian Wilson

    Net worth dropping like a rock
    No value left in all our stock
    Real estate is in decline
    But… the private sector’s doing fine

    No work for those who want a job
    It’s enough to make you cry and sob
    Folks in the unemployment line
    But… the private sector’s doing fine

    A hundred bucks to fill the tank
    Checks are bouncing at the bank
    Make late payments… hock the ring
    I wonder what dad’s watch might bring
    On beans and weenies we will dine
    But hey! The private sector’s doing fine.

    Tax increases on the way
    Bills and bills we cannot pay
    Food stamps — living hand to mouth
    While the economy is going south
    Tell me again — what is the sign?
    That the private sector is doing fine.

    If this is fine.. I have to say
    I hope we never have a real bad day
    It might look fine from your house of White
    But survival’s become a full time fight
    Please don’t hand us another line
    Or tell us how the private sector is doing fine.

  • Paul

    At least I don’t feel alone in sucking at life, economically. Thanks for the mood boost and motivation to restore our great nation.

  • Paul W

    According to the US Bureau of Labor Statistics, employment in 2011 was only 1 million more than in 2002. As it takes about 150,000 new jobs each month to stay even with population growth, that leaves a decade long job deficit of 15 million jobs.

    The US unemployment and inflation rates are far higher than reported. In previous columns I have explained, based on statistician John Williams’ work (shadowstats.com), the reasons that the government’s headline numbers are serious understatements. The headline (U3) unemployment rate of 8.2% counts no discouraged workers who have given up on finding a job. The government has a second unemployment rate (U6), seldom reported, which includes short-term discouraged workers. That rate is 15%. When the long-term discouraged workers are added in, the current US unemployment rate is 22%, a number closer to the unemployment rate of the Great Depression than to the unemployment rates of postwar recessions

  • The Central Bankers, a Cartel of 8 Families, think that THEY own this planet, and that everyone else is “cattle” or “useless eaters”. They have TWO GOALS: 1) Global enslavement via DEBT, using FIAT CURRENCIES, worldwide, which are pegged to the U.S. Dollar, which is pegged to OIL. 2) Global depopulation. EVERYTHING, including the current economic crisis stems from these two “elite” goals.

    Look, these financial scandals, and the ‘Fed’ won’t be going away anytime soon, UNLESS YOU GET UP OFF YOUR FAT, LAZY A**ES, and DO SOMETHING!

    HR 459 passed by an overwhelming majority in the House, by a vote of 327-98!
    Now, this bill (S.202) needs a vote in the Senate!



    End the Fed! Whether Congress Wants Us To or Not!

  • We continue to ask where food stamp dollars are being spent, but have been denied because the feds see the information as proprietary. That means retailers believe releasing the information would give away trade secrets about where consumers shop and what they buy.

  • suzu

    what america needs is the government to stop spending millions on low income families and force the multimillionaire’s and multi billionaires there working for the pay them a living wage. then the government needs to watch those companies and prevent them from raising there prices just to make up the difference because these companies want to make more money than anyone can spend in 3 life times.since they cant make the right decision for themselves the government needs to get involved for the people its sopposed to protect. and if they decide to outsource there companies for slave wages they should not be able to keep there companies on american soil because in doing so they are threatening the longevity of america and helping to destroy our economy if you want to claim america as your own you need to act like one.

  • David

    We are under judgment for our sins against the Most High God. REPENT!