article in Foreign Affaors about rise and fall of US
The Rise and Fall of the American Empire is like the Roman Empire reminds me of what is going on here. The average Citizen of Rome became deep in Debt and the top people became rich and own a lot of Slaves. The people on the farms became peons who were under control of the land owners. The rich had big Villas and the poor or the average lived like Slaves. Just think of what is happening is happening in this country. The rich who make the big money do not pay the proper percent of taxes and their income is many many times the income of the Average person. We have lost so many good jobs that produced the decent income that we no longer have the income to be able to live properly. As the rich does not pay taxes , look what is happening to the average person.- their costs go up and up and up. Just like my water bill- in the last year or so - my bill has gone up over 50 percent. We have been living on Credot Card debt that people can no longer even buy groceries,etc. So how can the Economy keep going when Everybody is so deep in debt and of course the way these companies want you to pay is by Credit Card. These puts the people in a deep bine and as loose control of what they spend.
I do not see this country surviving too many years as the Government both State and Federal and local institutions like the School Boards are deep in Debt. If the Average person is not making decent Wages- then how can the Average person keep on making it. This reminds me of a situation that we had here- Boeing Laid off workers by the Thousands and I saw the income of Bing Drop by the Thousands as they had only the decent income for the Production Workers. I See where Senator Mckain of Arizona put a bill thru Congress to buy Planes from Europe and cut out our workers for our Defense industry . Who is going to pay the bills if all the jobs are outsourced.Enough said as this subject could go on. Don
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