U.S. Is Doomed? Unemployment, Taxes and Unfunded Retirement Are Squeezing Each Generation, 59% Say It’s No Longer Possible To Work Hard and Get Rich, There Are Nnow Roughly 142.2 Million Workers Supporting 102.6 Million Not Working, Global Image of America Plummets, And Endless Government Manipulation
March 13th, 2013
Let’s Stop Fooling Ourselves: Americans Can’t Afford the Future
Unemployment, Taxes and Unfunded Retirement are Squeezing Each Generation
The American spirit is rooted in the belief of a better tomorrow. Its success has been due to generations of men and women who toiled, through both hardship and boom times, to make that dream a reality.
But at some point over the past several decades, that hope for a better tomorrow became an expectation. Or perhaps a perceived entitlement is more accurate.
It became assumed that the future would be more prosperous than today, irrespective of the actual steps being taken in the here and now.
And for a prolonged time – characterized by plentiful and cheap energy, accelerating globalization, technical innovation, and the financialization of the economy – it seemed like this assumption was a certain bet.
But these wonderful tailwinds that America has been enjoying for so many decades are sputtering out. The forces of resource scarcity, debt saturation, price inflation, and physical limits will impact our way of life dramatically more going forward than living generations have experienced to date.
59% Say It’s No Longer Possible To Work Hard and Get Rich In U.S.