The Real Reason For America’s Looming Retirement Crisis

Did you know that approximately 40 percent of all American workers have absolutely nothing saved for retirement? And did you know that pension funds in the United States are currently underfunded by about six trillion dollars? Social Security is supposed to be the underlying safety net for our entire retirement system, but it is essentially just a massive Ponzi scheme that everyone agrees is heading for a major disaster. Now that the Baby Boomers have started to retire, it is becoming clear that our society simply does not have the resources necessary to keep all of the promises that we have made to them. We are facing a retirement crisis of epic proportions, and by the end of this article you will understand the real reason why we have gotten into this mess. (Read More...)

Suicide Epidemic: Why Does The Number Of People Killing Themselves Just Keep Going Up?

Suicide - Public DomainDid you know that more Americans now die from suicide than are killed in car crashes each year?  According to the CDC, there has been a substantial spike in suicide deaths in the United States in recent years.  Today, approximately 9.3 million Americans admit to having suicidal thoughts, and approximately 2.7 million Americans each year actually make a plan for how they would commit suicide.  We are a deeply, deeply unhappy nation, but of course this phenomenon is not just limited to America.  According to the World Health Organization, suicide is now the third highest cause of death in the entire world.  Globally, suicide rates have soared by 60 percent over the past 45 years, and the WHO is now projecting that by the year 2020 someone will be committing suicide somewhere in the world every 20 seconds. (Read More...)

The Rise Of The Temp Economy: More U.S. Employers Than Ever Want A ‘Disposable Workforce’

Disposable Workers - Public DomainIn this day and age it seems like almost everything is disposable, and many employers have found that they can make a lot more money if they have a workforce that can be turned on and off like a faucet. In America today, there are more than 17 million “independent workers”, and they represent a bigger share of the workforce than ever before. Federal laws give a lot of protection to “full-time workers”, but for temporary and contract employees it is a much different story. Temp workers don’t get health insurance, vacation time or retirement benefits. They are simply paid for the limited amount of time that they are needed and then they are disposed of immediately. There has always been a role for such workers in our economy, but these days some of the biggest corporations in the entire country are getting rid of “full-time workers” and replacing them with temp workers just so that they can make a few extra bucks. As a result, the ranks of the “working poor” continue to expand, and the decline of the middle class is accelerating. (Read More...)

17 Facts That Prove That The Quality Of Jobs In America Is Going Down The Drain

Drain - Public DomainDo you wish that you had a better job?  If so, you are not alone.  In fact, there are millions upon millions of Americans that get up every day and go to a job that they wish that they could afford to quit.  Unfortunately, most Americans end up just desperately holding on to the jobs that they have because just about any job is valuable in this economic environment.  Over the past decade, the long-term trends that are destroying jobs in America have accelerated.  We have seen countless numbers of jobs shipped overseas, we have seen countless numbers of jobs replaced by technology, we have seen countless numbers of jobs taken by immigrants and we have seen countless numbers of jobs lost to the overall decline of the once great U.S. economy.  Unfortunately, even though we can all see this happening, our “leaders” have failed to come up with any solutions.  And since there are so many of us that are desperate for jobs these days, employers know that they don’t have to pay as much.  The balance of supply and demand in the employment marketplace has radically shifted in their favor.  So less workers are getting health insurance these days, less workers are getting retirement plans and once you adjust for inflation our paychecks have been getting smaller for years.  Needless to say, all of this is absolutely eviscerating the middle class.  The following are 17 facts that prove that the quality of jobs in America is going down the drain… (Read More...)

Why Have Police In America Turned Into Such Ruthless Thugs?

Police State In AmericaOnce upon a time, the police were one of the most respected institutions in America, but now most Americans fear them.  Almost every single day there are multiple stories of police brutality or misconduct that make the national news.  Just this week, there have been stories about police killing a baby deer at an animal shelter, about police killing a 95-year-old World War II veteran in a retirement home, and about police using legal technicalities to “legally” steal massive amounts of money from innocent citizens.  Why are police acting like this?  Why have police in America turned into such ruthless thugs?  In the case of the baby deer that was killed, 13 armed agents stormed the animal shelter up in Wisconsin where it was being cared for.  Is this really the kind of country that we want our children to grow up in?  A country where Bambi is hunted down by armed thugs working for the government?  Sadly, the story about that deer is not an isolated incident.  The truth is that police all over the country kill animals every single day.  In fact, police in Chicago have shot 488 animals since 2008.  No wonder people are so afraid to have the police come to their homes. (Read More...)

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

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. (Read More...)

The Real Obama Budget Deficit For 2011: 5 Trillion Dollars

If the U.S. government used the same accounting methods that most U.S. businesses use, the real federal budget deficit for last year would have been 5 trillion dollars instead of 1.3 trillion dollars.  So where does the huge difference come from?  I think a simple illustration would be helpful here.  When you go shopping, do you only count the transactions where you use cash, or do you also count the transactions where you signed on the dotted line and promised to pay later?  Of course you count both of them.  Well, the U.S. government does not count promises to pay later when calculating budget deficits.  The “official” Obama budget deficit for 2011 was 1.3 trillion dollars, but according to USA Today when you add in the rise in liabilities for Social Security, Medicare and other retirement programs that adds another 3.7 trillion dollars to the total.  Those are future financial promises that we have made that future taxes are not expected to cover.  This analysis by USA Today squares very well with what analysts such as John Williams of shadowstats.com have been saying for years.  The truth is that our federal budget deficits have actually been far worse than we have been told. (Read More...)

For Millions Of Senior Citizens The Only Future They Have To Look Forward To Is One Filled With Debt And Poverty

In America today, millions upon millions of senior citizens are very deep in debt.  In fact, more elderly Americans than ever before are going bankrupt.  Millions of others are living in extreme poverty or are just barely getting by on meager fixed incomes.    Meanwhile, the price of food is going up, the price of gasoline is going up, the cost of heating homes is going up and health insurance premiums are absolutely soaring.  Millions of our senior citizens suddenly find themselves financially squeezed more than they ever have been in their entire lives.  Unfortunately, at the same time all of this is happening, our government officials are realizing that they simply don’t have the money to keep the financial promises that they have been making to our retirees.  Sadly, what this all means is that for millions of our senior citizens, the only future they have to look forward to is one filled with debt, poverty and financial pain. (Read More...)