t is time for us to recieve the rewards of allowing the greedy and vicious to run our polity and economy into the ground during the last 35 years of wildly irresponsible growth. This growth has been funded by heavy debt during the last 15 years.
The current national debt is just about 10 Trillion dollars. The total debt owed by consumers, households, and businesses is just about 48 Trillion dollars.
This grand pyrimid scheme of endless growth paying back the costs of previous growth is at the brink of collaspe. It is incapable of further expansion, and will collapse.
We have not just been economically irresponsible, we have been socially and politically irresponsible as well. Our irresponsibility has spread across every aspect of our nation's life.
Let's be clear about where we stand. During the last 35 years our nation and its infrastructure have been looted to subsidize irresponsible corporate profits. Our Corporations have taken historical profits without paying the social costs of doing business. They have looted our country's long term resources for their own short term profits.
After the last 15 years of record profits and growth, our schools have collasped. Schools in California alone need 25 billion a year to reach minimum standards. Our prisons are at double capacity, are inhumane, and require twice the funding they now receive. Our roads and bridges are falling apart. This is the true product of 35 years of irresponsible profits. This is the product of 35 years of irresponsible growth.
These profits are the product of two irresponsible strageties: Immigration and Offshoring.
Our economic expansion is based on creating Luxury and wealth by imposing poverty on American Workers. The stragety is twofold. First, we moved as much of our manufacturing as possible to poverty stricken 3rd world nations. Second, we simultanously imported tens of millions of poverty stricken 3rd worlders who have gutted the wages and political influence of the American middle-class.
This brilliant move has concentrated wealth and political power at the top levels of Corporate America, smashing our middle-class, sucking the wealth out of our public infrastructure, leaving our country in a shambles. And now we have a country full of foreigners who have sworn allegience to greed and our illigitimate corporate fascist government.
We now sit on the brink of the impending legasy of Corporate Globalism: The Corporations and their Parties have stolen everything, leaving the United States on the brink of economic and social collaspe into permenant 3rd world poverty. And, if you failed to notice, Our democracy has been shattered.
Our economic "expansion" has destroyed our middle class, concentrated the greatest amount of our nation's wealth at the top of society, while simultanously defunding every aspect of our national infrastructure, including the regulatory agencies designed to protect us against the very corporations that now are running them.
This has left America with a permantely impoverished foreign working class politically and economically dominated by a viscious corporate elite. The American Working Class has been economically and politically marginalized, and is struggling to keep from falling into abject poverty.
The rest of our country has bought SUVs, multiple homes, and has been living the high life while our infrastructure has collasped and poverty has spread.
Let's see what happens to all of these "players" when the gravy train runs dry, and we are left to deal with the true costs of their
irresponsibility.
Also See:
Corruption Updates 41, 1st article on the page, "Study: Schools need billions"
Corruption Updates 34, 3rd article on the page, "State prisons in 'tailspin,' panel says"
Corruption Updates 36, 7th article on the page, "More in U.S. plunge deeper into poverty"
Corruption Updates 45, 8th article on the page, "Income Gap Is Widening, Data Shows"