Fifty years ago this week, President Lyndon Johnson announced the “War on Poverty” during his first State of the Union Speech. Under the Obama administration, however — five decades, countless unconstitutional federal welfare programs, and more than $20 trillion later — poverty levels remain largely unchanged even based on official numbers, and dependence on government has reached unprecedented new heights.
In reality, Americans’ economic fate is far worse than even bogus government statistics would suggest. Even more troubling is that analysts say the trends look set to accelerate as Washington, D.C., intensifies its failed efforts to achieve “victory” in the “war” while the Federal Reserve conjures ever greater quantities of currency into existence.
Federal unemployment ended Saturday, so now some 1.3 million people won’t be getting their $1,166 (on average) monthly check. By June, another 1.9 million will be cut off.
Many of the lessons being learned the hard way in Detroit's bankruptcy will, unfortunately, have to be learned over and over again.
The mathematically inevitable end of one of the Ponzi schemes in Social Security draws closer as the number of disability recipients continues to increase.