mallarde

Trillions and Trillions: The National Debt and Where It Is Going

I am pessimistic about the amount of poverty we have absorbed from Latin America and beyond. How much does it cost to provide education and health care to these willing "workers"?

You have to travel to certain parts of the country to see the amount of poor from the South, but it will burden the federal government and it will spread to unaffected states.

California will become a third-world republic. The rest of the country will follow the same trend, only not nearly as pronounced.

This in combination with our failure to protect American wage-earners will drive us further in the wrong direction. I see no room for optimism.

Time for the American Government and People To Confront Reality

Now that the latest pyramid scheme has collapsed and the credit has dried up, Americans and their government will have to come to terms with the fact that many high-wage jobs were allowed to be exported. On top of that, the government allowed tens of millions of low-wage workers into the country to compete with American workers for jobs and public services.

The result is a terrific whipsaw effect. Few in power are able to understand the strain that average American workers are experiencing. (Try watching Lou Dobbs to see this disconnect.) But no matter how much D.C. attempts to juice the economy with more cash, people can no longer spend when they do not earn enough to live on.