Great article that trancsends politics...but shows we are cleraly on the wrong path

Discussion in 'Economy' started by iamwhatiseem, Oct 25, 2012.

  1. iamwhatiseem
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    iamwhatiseem Gold Member

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    America the Gutted: a global investigation of the disappearing middle class | GlobalPost

    As anyone who's living through it can tell you, the nation’s middle class — the backbone of the world's largest economy — is in distress.

    Median income and net worth are falling.

    Unemployment remains a persistent and pernicious problem.

    Millions of houses languish in foreclosure, or drown under mortgages that exceed their market value.

    Health care, education and other day-to-day costs continue to rise, further pressuring family budgets.

    To make matters worse, new technologies are decimating entire industries, and social safety nets are threatened by rising government debt.
     
  2. expat_panama
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    expat_panama Silver Member

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    --but never quite leaves politics enough to actually get into economics. mho it's just another cheap doom'n'gloom rant, the kind that seems to make readers go orgasmic. Real life info for people working for a living deals with a total net worth that's been rising for several years now--
    [​IMG]
    --but the article says:
    It's pure fantasy but that's usually the stock and trade of orgasmic porn.
     

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