It is with a “heavy heart” that this post is going up. After the past 4- 5 years of watching friends, neighbors, relatives, and clients fighting (and many times losing the fight) to hold on to that little piece of “heaven” called THEIR HOMES, it is darn right hard to read an article like this at this point. In fact
A prior SOP Blog post which was quoting Dr. Paul Craig Roberts saying, “the entire economic policy of the United States is dedicated to saving four banks that are too large to fail”, which basically means that all of the Fed’s QE’s 1, 2, and now 3 (infinity) have done nothing for the folks who make this country work each day. Only the 1.0% have truly benefited. Of course anyone who has studied history knows that’s the way it’s always been, this is really “status quo” I guess. The problem is, that the American tax paying middle class is the group on the endangered species list. Where is the leadership I ask you? Here is a quote from this article, and the full story is available at the link below, (Warning this is hard to reconcile):
U.S. sees highest poverty spike since the 1960s, leaving 50 million Americans poor By Ap
PUBLISHED: 14:03 EST, 2 April 2013 | UPDATED: 14:05 EST, 2 April 2013
“The number of Americans living in poverty has spiked to levels not seen since the mid 1960s, classing 20 per cent of the country’s children as poor.
It comes at a time when government spending cuts of $85 billion have kicked in after feuding Democrats and Republicans failed to agree on a better plan for addressing the national deficit.
The cuts will directly affect 50 million Americans living below the poverty income line and reduce their chances of finding work and a better life.
Before spending cuts kicked in on March 1st, 49-year-old Antonio Hammond became a success story for Catholic Charities of Baltimore – one of a multitude of organizations trying to haul people out of poverty.
In this Maryland port city, one of four residents is considered poor by U.S. government standards.”