US becoming a Third World country?
Mon Sep 6, 2010
The United States is on the brink of sliding down to a Third World country, as it struggles with massive debts, rising unemployment and a deteriorating economy.
Some of the warning signs that indicate America’s fantastic fall from a First World nation include rising unemployment and poverty.
According to Spiegel Online, the United States is recently faced with a new phenomenon called “the new poor.”
In Ventura California — a luxurious resort city — about 20 percent of the residents are at risk of homelessness.
The once-rich, who have lost their homes, are now forced to sleep in their expensive cars parked in the city’s corners, Captain William Finley, the head of the local branch of the Salvation Army said.
He further added that during the past months, the number of people taking advantage of the organization’s free meals program, has doubled. Many drive up in their BMWs to receive free food, he went on to say.
Another signal that marks the demise of America’s so-called greatness is the disappearance of the middle class.