It is not just our nation that is taking a beating, our individual financial situations in this country has grown to a crisis level. America is no longer just in a depression. We have entered third world status, a kind of permanent depression, if you will. Yes, we have skyscrapers and modern technology, but only the elite control these resources and the average American’s standard of living is in a state of economic free fall.
According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”. Stunningly, more than 100 million Americans are enrolled in at least one welfare program run by the federal government, not including the massive entitlement programs of Social Security or Medicare. The number of people on food stamps has grown to 47.79 million Americans. In 2008, when Obama first took office, only 32 million Americans were on food stamps. Approximately, 20.2 million Americans spend more than half of their incomes on housing, which represents a 46% increase from 2001. Parents under the age of 30 experience poverty rates consisting of 37 percent. The number of Americans living in poverty has grown to one out of every six US citizens. Can you say “turn out the lights, the party is over.”