Category Archives: economic despair
Nearly 51 Million Households In The United States ‘Can’t Afford Basics Like Rent And Food’
Facebook Twitter Reddit Email If the U.S. economy is performing well, then why can’t 51 million households in the United States “afford basics like rent and food”. A stunning new report that was just put out by the United Way ALICE Project shows that the gap between the wealthy and the poor in this country […]
41 Million Americans Are Living In Poverty This Christmas
Even though the stock market continues to set new record high after new record high, poverty is exploding all over America. It is being reported that 41 million people are living in poverty at this moment, and 9 million of them do not receive a single penny of income from anyone. Once you have been […]
As America Gives Thanks, Homelessness Continues To Set New Records In Major Cities All Over The Nation
If the economy is doing just fine, then why is homelessness at levels not seen “since the Great Depression” in major cities all over the country? If the U.S. economy was actually in good shape, we would expect that the number of people that are homeless would be going down or at least stabilizing. Instead, […]
Bill Gates, Jeff Bezos And Warren Buffett Have More Money Than The Poorest 50% Of The U.S. Population Combined
The problem is not that we have a few people that are rich – the problem is that we have so many that are poor. As you will see below, three extremely wealthy individuals have as much money as the poorest half of the nation combined. In a free market capitalist society, there are always […]
Hurricane Harvey Aftermath: 100,000 Homes Destroyed, A Million Vehicles Ruined And Bottled Water Being Sold For $99 A Case
It is now being estimated that the total amount of economic damage caused by Hurricane Harvey will be somewhere in the neighborhood of 190 billion dollars. It is a disaster unlike anything that we have ever seen before in all of U.S. history, and federal officials are already admitting that they are literally going to […]
It Is Becoming Illegal To Be Homeless In America As Houston, Dallas And Dozens Of Other Cities Pass Draconian Laws
Should we make homelessness against the law and simply throw all homeless people into prison so that we don’t have to deal with them? Incredibly, this is actually starting to happen in dozens of major cities all across the United States. It may be difficult to believe, but in many large urban areas today, if […]
The Global Famine Begins: UN Announces That The Worst Food Crisis Since World War II Is Happening Right Now
We always knew that this would start happening. Earlier this month, I wrote about the severe economic problems that are plaguing South America, but up to this point I have neglected to discuss the horrific famines that are breaking out all over Africa. Right now there is a desperate need for food in South Sudan, […]
$28,166: What It Costs To Provide Health Care For An American Family Of Four For One Year
Facebook Twitter Reddit Email One of the primary reasons why the middle class in America is disappearing so rapidly is because of skyrocketing health care costs. Families all over the country are being absolutely crushed by extremely high health insurance premiums, ridiculously high deductibles and very large out-of-pocket expenses that were not anticipated. In fact, […]