Tuesday, February 4, 2014
America In Decline
As things now stand, we are living in the last days of the great American experiment, of that there can be little doubt. Flint Michigan, with a murder rate of 64.9 per 100,000 is the largest killing field in the country but other large cities including Detroit, New Orleans, St Louis and , Baltimore are not far behind. Just consider this fact for a moment. In the entire world only one country, Honduras, has a higher murder rate than Flint Michigan.
Not only do the majority of our large inner cities look like war zones but 59,500,000 of our citizens are on either welfare or food stamps. Another 10.9 million are chronically unemployed. Seventy two percent of black children are born out of wedlock and 15.1 percent of our citizens live in abject poverty. Just a few decades ago the USA was the wealthiest nation on earth, now we rank 7th in per capita income and one in every six Americans goes to bed hungry every night.
Cities, large and small, are filing for bankruptcy at an alarming rate. California, with the world's eighth largest economy, has $162 billion in admitted unfunded pension liabilities (outside analyst's peg the true figure to be between $500 billion and $884 billion) and already is bankrupt even though the liberals running the state continue to spend money on bullet trains and other boondoggles as if it grew on trees and there was no tomorrow.
The nation as a whole, with a federal debt exceeding $17.3 trillion, also is bankrupt. Each citizens share of this debt, which is increasing at a rate of $2.7 billion each day, is an astonishing $54,345. The printing presses of the Federal Reserve cannot keep this sinking ship afloat much longer. No, as a nation we are finished, may as well stick a fork in us and be done with it!
At this point, the only question is what, if anything, will be done to right our sinking ship of state.
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