Unfortunately we don't live in the same nation we used too. A college degree doesn't guarantee a good job anymore. And a good job doesn't guarantee paid bills anymore either. Once this credit bubble of an economy bursts... it's gonna be hell for just about all of us if we don't turn this ship around. I'm no wild conspiracy theorist or doomsdayer, but gas prices and food prices are going up at the worst possible time in our history, it's getting harder and harder for hard working people to scrape up a living.
True , we have worked ourselves into a corner where the only way we can "grow the economy" is to charge people more for what they already buy.
I must respectfully disagree. We can't sustain ourselves telling large parts of the populace it's ok to produce nothing. Reality check. Yes, we have to help those in need, no question. But becoming "in need' for life ain't gonna work.
We are a consumer based economy buying most of our consumables from other countries. This is not sustainable.
what percentage of our population has extra money to spend on things they do not already buy?
realistically around 15% are unemployed. What percentage on welfare? what percentage over their necks in debt? filing bankruptcy? Living on SS, etc.
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