Friday, September 9, 2011

The Future for Most Americans: Pathetic Jobs, Bad Debts and a Crappy Economy

The American Dream

Sorry to break this to you, but the future for most Americans is going to be pretty crappy. Unless you are independently wealthy, the chances are good that you will have a low paying job, that you will be drowning in a sea of bad debts and that you will have to go on government assistance at some point. Most American families are completely dependent on their jobs for income, and right now good jobs are disappearing at a frightening pace. Over the last couple of decades, millions of high paying manufacturing jobs have been shipped out of the country and they are being replaced by low paying service jobs. Small business creation is being absolutely crushed by the federal government, and millions of illegal immigrants have been allowed in to the country and they are now competing for the limited number of jobs that are still available.

A lot of Americans have given up hope and have become deeply pessimistic. According to one recent poll, 39 percent of Americans believe that the U.S. economy has now entered a "permanent decline". Sadly, they are right. The U.S. economy has entered a permanent decline. If our politicians were trying to do the right things, we might have half a chance. But with the way things are going, the vast majority of Americans are going to be facing a very bleak future. Ignoring the truth is not going to change it. The U.S. economy is slowly dying and nothing is being done to fix it. The frightening thing is that this is about as good as things are going to get. From here on out, the economy is generally going to get progressively worse. An economic storm is coming. You better get ready.

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