Welcome to Alstry's World
In a nation where the private sector's sales and profits supported the public sector in its first 230 years of existence........such support can no longer be provided.
The Federal Deficit is $2 Trillion dollars and likely to GROW substantially before the year is out.
If we were to tax the top 50% of wage earners 100% of their incomes, it would not be sufficient to cover the current deficit......not factoring any growth driving our children into further debt.
1 in 8 mortgages are in default or late making payments.
New Home sales are DOWN 80%.
Auto Sales are DOWN 50% and contracting.
Office Rent in NYC is DOWN 70%.
50 Million Americans do not have health coverage. Many with Health Coverage are foregoing treatment because of an inability to copay or pay the deductible.
Hosptials and Clinics are laying off tens of thousands of workers around the nation.
Thousands of Auto Dealers closed or about to shut down and hundreds of thousands of workers released from dealers, manurfacturers, and suppliers.
OVER HALF the companies in America are instituting WAGE CUTS, WORK CUTBACKS, or WAGE FREEZES as fuel costs and health insurance skyrocket.
Thousands of retailers have shut down and tens of thousands slated to shut down in the near future.
600,000 Elderly Americans are LATE on their mortgage payments.
Cities, Counties, and States around America are BROKE and their outlook for revenues are deteriorating.
The only businesses really functioning satisfactorily are those serving the government, government workers or government payment recipients like WalMart and health care serving the poor....why do you think Washington D.C. area is still functioning and yet there is about one hundred vacant office buildings in Northern Va.???
If govnerment stops spending....our economy contracts 50%!!!!!! and government is out of money.
Welcome to Alstry's world as idiots talk about green shoots and a second half recovery.
Which country do you think we are going to bomb......or when do you think we get an "unexpected" or "surprise" attack so we can put our people back to work and mask this reality?????