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The Proudest Collapsing Country

Published 10/31/08 Thomas Heffner - Print Article
E-mail - editor@economyincisis.org

The United States must stop fooling itself. We are riding on the wealthy coattails of the elite who came before us, squandering away their wealth and faking the good life.

Americans have become so oblivious or apathetic to our country’s peril, that they are unaware of how far gone the U.S. already is.

We no longer have the industrial productive capacity to sustain ourselves. In September alone industrial production plummeted to astounding lows that haven’t been witnessed in almost 34 years, according to Bloomberg.

In America, imported products dominate the purchases of U.S. households and businesses. Over 92 percent of the money Americans spend on footwear goes overseas. Americans purchase 90 percent of their audio and video equipment from foreign produced entities and 90 percent of the money Americans spend on leather travels back overseas.

In a futile attempt to reinvigorate a foreign-drained economy, Congress and the president concocted the Economic Stimulus Act of 2008 earlier this year. However, the stimulus money was pumped back into other countries economies since Americans do not spend their money on domestically produced goods.

As we are not producing enough to support ourselves, the U.S. is forced to live on the funds we borrow from other countries. Yet we are destroying our credit rating with these countries, a dangerous practice, since they possess the ability to renege their finances.

Meanwhile we have diverted our industrial infrastructure needs. Our roads and bridges are showing signs of disrepair and decay. Our leaders have also diverted from even discussing our real needs and are accruing politically popular acceptance through their focus on religious preferences and abortion rights.

The major problem in the U.S. is we are oblivious to our real needs and our focus has been sidetracked. Our leaders must be bold enough to tell it like it is, as opposed to placating constantly with our superpower mentality. We will become the proudest collapsing country.

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