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Thread: The rising tide of unemployment in America

  1. #11
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    Quote Originally Posted by HappYFe3T View Post
    I dont really think that America is the only country that has problem with employment it is all over the world.
    Unemployment is a big situation in the US due to high property taxes. In the New York City area, the taxes on a working class home are around $10,000 a year. So basically a guy that loses his job will eventually loose his home.

    In other parts of the world, the taxes may only cost $100 a year. At the least the person doesn't loose his home and scrapes by.

    The high tax problem is strangling Americans. The US is going to end up like Portugal, Ireland, Greece and Spain. The salaries of public employees are increasing 5-10% per year at the same time that 30 million Americans are out of work.

    Still, the problem is primarily caused by overconsumption. The American economy consumes 5% more than it produces every year. The US owes $7 trillion to foreigners and has a $12 trillion national debt with $1.5+ trillion added to the national debt.

    The crunch is 2012 when the first baby boomers start collecting social security and there are $100 trillion in unfunded liabilities to retirees.

    The total assets of the US is $50 trillion. So it's going to get bad before it gets worse.

    Unemployment may not go below 7% in the US until 2013. But most likely there will be another recession before there is a recovery in the employment rate.

  2. #12
    I am not Republican nor Democrat but the French philosophy is to protect the vulnerable.

    Right now the most vulnerable is the middle class, because they make too much to get wellfare and they don't have enough money to make it on their own.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  3. #13
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    Quote Originally Posted by Natural Elements View Post
    I am not Republican nor Democrat but the French philosophy is to protect the vulnerable.

    Right now the most vulnerable is the middle class, because they make too much to get wellfare and they don't have enough money to make it on their own.
    The situation is getting critical for the middle class. In states like NJ, property tax increases are averaging 8% per year. The average homeowner is paying between 10k-15k a year.

    The situation is getting critical in many states. Michigan, New York and California are close to melting down.

    California will run out of cash by October and faces a $19 billion meltdown.

    http://www.csmonitor.com/USA/Politics/2010/0729/California-budget-emergency-bid-to-recoup-6-billion-in-pensions

  4. #14
    The unemployment rate in this country is not going to get better folks. Not anytime soon, and never unless a drastic governmental and social restructuring occurs. Since fear and greed won't allow that to happen, I say everyone needs to settle in and get used to it. Things could get worse, and sad to say, they probably will.
    Writer/Copyrwriter and Web Marketing Coordinator, Online Reviews @: free dating sittercity sittercity review

  5. #15
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    Quote Originally Posted by vanmed View Post
    The unemployment rate in this country is not going to get better folks. Not anytime soon, and never unless a drastic governmental and social restructuring occurs. Since fear and greed won't allow that to happen, I say everyone needs to settle in and get used to it. Things could get worse, and sad to say, they probably will.
    When you consider that 10 million illegal aliens have jobs and people are crossing the border illegally on a daily, there's jobs out there.

    I would make 3 days of physical training a week supervised in the park a condition for collecting unemployment. Hire some unemployed Vets to run a unemployed bot camp for people that don't have jobs after 12 months.

  6. #16
    Then to add to the unemployment.....

    Companies (especially small ones) are getting squeezed by banks.
    Lines of credit many companies need on a day to day basis are being closed.
    When companies can not offer credit to customers because they banks won't lend them the money, what happens?
    Customers go elsewhere or do not buy.
    At some point, the company shuts down.
    New example is Lacks.
    Small furniture chain down in Texas.
    They are now in bankiruptcy and closing down all stores they have.
    Meaning all their employees are out of a job.
    Simply because the banks they had been using for 20 years or more decided to close off their credit lines and no longer put up the cash for their customers to purchase items.

    I really blame, in no given order, for unemployment woes, housing woes, etc:
    government, federal, state and local
    banks, of any size
    financial institutions
    brokerage houses
    the butthole who would not hire me!

  7. #17
    The rising tide of unemployment in America is due to wars he started,huge amount of budget spent in war,his economical rate has decreased and his ruler do not think about it.
    The price of freedom is eternal vigilence

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