Tag Archives: korus

Economic Problems Facing the U.S.

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The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this crisis, where it came from and how to stop it. While we persist in our superpower mentality, we have quietly become a second-class country in many respects.

Detroit’s Bankruptcy Trial Begins This Month

detroit-bankruptcy

On August 12th 2014, Detroit’s major creditor objected to the bankrupt city’s plan to reduce the billions of dollars in debt. The largest municipal bankruptcy in U.S. history is set for trial this month on August 21st. Detroit filed for bankruptcy over a year ago, claiming it had no way to pay off the estimated $18 billion in debt. Recently, retirees in Detroit had to vote to approve a cut to their pensions in order to save a buck for the municipality.

Having A Hard Time Finding A Job?

jobs-lost

Have you ever wondered why corporations are getting bigger and richer, yet middle class America is getting smaller and poorer? It doesn’t make sense how profits have grown five times faster than jobs over the past decade. For instance, Verizon Wireless cut its workforce by over 30 percent while doubling its profits. In addition, wages have remained steadily stagnant. Although profits are rising and workers productivity has increased, wages remain the same. In fact, according to Thinkprogress.org, if the minimum wage had risen in proportion to worker productivity, it would now stand at nearly $22 an hour! So what is going on?

The Government Is Supposed to Serve the People’s Interests, but Ours Does Not

congress

Our leaders consistently pursue new “free trade” deals despite the fact that our previous deals have been abject failures.

Disastrous “Free Trade” Negotiations Being Made in Secret

Secret Negotiations

We’ve already witnessed how harmful “free trade” can be. Under the North American “Free Trade” Agreement (NAFTA) and the Korean ­ U.S. “Free Trade” agreement (KORUS) we’ve seen massive job losses, the decimation of entire industries, soaring national debt, alarming trade deficits, a flood of dangerous imports into our markets and more. We’re even beginning to see a rise in urban decay as businesses close down in big cities, like Detroit, for lack of jobs and the shrinking tax ­base.

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