America Is NOT Broke

Whenever you hear an elected official talk about how broke this nation is, you should be asking yourself a very important question. Why are they talking about this all of a sudden? It isn't that our debt just happened overnight. They turn this into a crisis and we should all be asking what their motive is.

They are going after veterans on top of everyone else.

These same people keep saying the tax breaks for the richest in this nation are a top priority because they create jobs but they have no answers as to where those jobs were when we were losing them after they got tax cut after tax cut. Why believe any of them now?

Veterans hate to think that their service has been forgotten when they become veterans but for too many, that is exactly what happens. In a nation with this kind of wealth we should not have one homeless veteran but we have hundreds of thousands of them.

Think about this

American billionaires
From Wikipedia, the free encyclopedia
US citizens who have a net worth equal to or greater than one billion United States dollars, or had that net worth at the time of their deaths; see also List of Americans by net worth

But that is not the worst. While we kept losing jobs and saw veterans coming home with no jobs to go into, millionaires scored.

SEPTEMBER 16, 2010, 10:36 AM ET
Millionaire Population Soars — Again
Text
By Robert Frank

Earlier this summer, I reported on two surveys (here and here) that showed a bounce back in the population of millionaires.


Associated Press
Mr. Monopoly, played by Merwin Goldsmith, throws out Monopoly money during a promotion for the game at Washington’s Union Station in 2003.
Since then, the stock market has floundered, the economy has slumped and overseas markets have drifted sideways. And yet….America’s millionaire-manufacturing sector continues to outperform the rest of the economy.

According to a new survey from Phoenix Marketing International’s Affluent Market Practice, the number of American households with investible assets of $1 million or more rose 8% in the 12 months ended in June. The survey says there now are 5.55 million U.S. households with investible assets of $1 million or more.

That follows two years of declines and brings the millionaire count back to 2006 levels. Of course, that is still below the peak of 5.97 million in 2007 and the current growth rate is well below pre-financial crisis levels, when the millionaire population increased as much as 35% a year.

Still, the numbers offer further evidence that the wealthy may have decoupled from the rest of the economy. The study’s authors say high salary growth, rather than investments, are the main drivers of the millionaire expansion.

The very wealthy seem to have had a better year than the mere millionaires. The population of American households with $5 million or more in investible assets surged 16%. The population of those with $10 million to invest increased 17%.
read more here
Millionaire Population Soars — Again/

Yet we are supposed to believe these same politicians care about the troops and our veterans? How many of their families had to use food stamps to feed their families while one of their own was risking his/her life in Iraq or Afghanistan?

They tell us that we have to pay down the debt for the sake of our children but they don't say it is important today to feed them, shelter them and provide for them. They don't address families living on the streets because the parents lost their jobs and ran out of unemployment. They don't say anything about the 60 minutes report about homeless kids in the Orlando area right down the street from Disney. They don't talk about rent along with everything else going up but not compensation for veterans or social security for the elderly, just as much as they don't want to talk about the fact congress did in fact get cost of living raises for themselves.

Now they want to go after teachers, firefighters, police officers, all other public employees, the elderly and veterans. They want the rest of us to think these people are suddenly a drain on the country instead of the backbone of it. They don't want us to think about how much we are all suffering today as long as they put up that smoke screen about the debt we pass on when we wonder how to put food on the table or fill our gas tank to get to work if we are lucky enough to have a job.

The GOP politicians are the ones who got us into this mess and now they want to be able to continue to destroy all of it for the sake of the wealthy! They are praying the poor in this country are too busy listening to their empty stomachs than they are listening to their words.

Say what you want about Michael Moore but he is right on this and it is about time someone said it!

Michael Moore:
America Is NOT Broke
Saturday 05 March 2011
by: Michael Moore | MichaelMoore.com | Speech


Michael Moore spoke to protesters in Madison, Wisconsin, on March 5, 2011.
Edited: Jared Rodriguez / t r u t h o u t)
America is not broke.

Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.

Today just 400 Americans have the same wealth as half of all Americans combined.

Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have as much loot, stock and property as the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true. click link for more