A recent study done by Bankrate.com shows how millennials are putting their future on hold because of the burdening student loan debt. In fact, 56 percent of young adults interviewed stated that they are holding off on buying their first home until they fully pay of their student loan debt. If something isn’t done about the $1.2 trillion owed in student loans across America, our economy could completely collapse.
Tag Archives: Unemployment
We keep hearing from the media how great the U.S. economy is doing. We hear that unemployment rates are at an all time low, the companies are hiring left and right, that productivity is up, and that the Federal Reserve is even planning on raising interest rates. Now, that is great and all, except for the fact that the wealth gap keeps growing and growing. The rich are only getting richer while the poor continue getting poorer.
When the Soviet Union fell, the world rejoiced and the Cold War ended. Some predicted an “end of history” and smooth sailing from there on out. Reality has been very different, because just as the Cold War was ending, an economic war with China was beginning. In truth, it has not been much of a war; more like a one-sided slaughter. The reason for this is the United States will not wake up, does not even want to acknowledge the war has long since begun and it is losing.
Looking back at the year 2013, 631 people became ill due to veggies and cilantro coming from Mexico. These veggies landed in grocery stores across the U.S. and onto our dinner plates infected with cyclospora. In addition, 84 people became ill due to cucumbers containing salmonella coming from Mexico. How is it possible that we aren’t filtering these vegetables out?
The disastrous “free trade” inspired policies enforced through NAFTA and the WTO have led to the destruction of America’s independence. Our jobs have been sacrificed and our unilateral trade deals have created conditions that make it impossible for us to compete. These policies have led to the bankruptcy or sell-off of tens-of-thousands of American companies. Throughout the past 30-plus years America’s consumer-based relationship with the rest of the world has led to the complete annihilation of our manufacturing infrastructure.