Why the 21st Century Sucks – Turtles All the Way Down

Jon Alternative Media, Economy, Fiscal Policies, Government, Socialism

A Truly Sucky Century BALTIMORE – What an awful century! Worst we’ve ever seen. Household incomes are down. Employment is down, with 7 million people in the U. S. of working age without jobs. Productivity growth is down. GDP growth is down – to only about 0.5% per capita last year. Even life expectancies are down. Drug overdoses are up. Suicides are up. One out of every eight children lives in a family getting food stamps. One of out every eight adults takes psychoactive drugs .
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Half of all families get money from the feds. Half have less than $500 available for emergencies. Two-thirds aren’t saving for retirement. More than half cannot afford their own homes. And 49 million live in poverty.
What’s to blame for such a sucky century? In addition to declining health and declining standards of living – as well as declining standards of decency – we also have wretched art, music, and architecture… unwinnable wars against poverty, drugs, and terrorism… $20 trillion of national debt… and overpriced assets that leave little of interest to the sober investor or desperate retiree.

This post was published at Acting-Man on March 10, 2017.