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alstry (35.02)

Will The Industrial Age End With Rioting In America?

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May 18, 2010 – Comments (2)

About 23,000,000  Americans work for Local, State and Federal Government

About 40,000,000 Americans receive Food Stamps

About 16,000,000 Americans receive Unemployment

Almost 80,000,000 Americans plus their family members depend on government payments to eat.....

Over 50,000,000 Americans receive Social Security....and a large percentage, about 80%, are dependent on that payment to survive.....

We could go on and on and on with state programs.......

THE PROBLEM:

A new Fox News report shows that even after adjusting for differences in the cost of living and the number of citizens in each country, total U.S. government spending per capita in 2009 exceeded that of all but eight nations in the world. More than 95 percent of countries have smaller relative governments than we do. In total, U.S. government spending came to $17,400 per capita, or about $70,000 for a family of four. The per capita cost of our government is much more than the per capita income of most of the world.

http://www.washingtontimes.com/news/2010/apr/16/the-welfare-state-of-america/

WHOOPS.......THE AVERAGE FAMILY OF FOUR DOESN'T MAKE $70k PER YEAR

AND IF GOVERNMENT IS NOT SPENDING TRILLIONS OF DOLLARS WE DON'T HAVE......OUR ECONOMY IMPLODES.

BASICALLY OUR ECONOMY HAS MORPHED INTO A PONZI SCHEME OF BORROWING FROM OUR RETIREMENT ACCOUNTS AND SPENDING TO CONSUME....AND OUR RETIREMENT ACCOUNTS ARE RUNNING OUT OF MONEY FAST AND BEING REPLACED WITH TOXIC PAPER

No nation in the world can fund our deficit economy anymore....our deficit is larger than most economies.  And now our retirement, investment, and savings accounts are being drained  to vapor.........

Soon America will no longer be able to hand out checks to OVER 130,000,000 people and their families as the money runs out......at that point, what do you think the people are going to do?

Your choice sheep....sit there like little lambs and get roasted or eat sheep like the Greeks?  Any American who criticizes the Greeks is truly ignorant of their own condition.  No nation in the world has abused welfare and the law of money like our own.

It is now time to resturcture as we head into the Digital Age....it will be exciting.

2 Comments – Post Your Own

#1) On May 18, 2010 at 2:41 AM, alstry (35.02) wrote:

The Industrial Age Big Bang Theory......

Gov. Paterson NY Threatens Cutting 10,000 Jobs

Mayor Bell: Announces City of Birmingham 10% Cut in Workers Pay

Los Angeles on the Brink of Bankruptcy?

Governor Arnold Schwarzenegger Calls for $12.4 Billion in Cuts

Wasn't Goldman's bonuses around $20 Billion?  It must be nice to be a banker and get trillions of free taxpayer money.

And you think Americans are too stupid to figure out what is going on?

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#2) On May 19, 2010 at 12:28 PM, biotechmgr (35.95) wrote:

Just wait until our IRAs and 401k are "taken" by the government. Probably via a 100% penalty to withdraw, and convert your holdings to a very long term government bond which will then be defaulted and never repaid.

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