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America's Descent into Poverty

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Republicans claim that the only reason Americans are in need is because the government uses taxpayers' money to subsidize Americans who are unwilling to work. As Republicans see it, while we hard-workers sacrifice our leisure and time with our families, the welfare rabble enjoy the leisure that our tax dollars provide them.

This co*k-eyed belief, on top of corporate CEOs maximizing their incomes by offshoring the middle class jobs of millions of Americans, has left Americans in poverty and cities, counties, states, and the federal government without a tax base, resulting in bankruptcies at the state and local level and massive budget deficits at the federal level that threaten the value of the dollar and its role as reserve currency.

The economic destruction of America benefitted the mega-rich with multi-billions of dollars with which to enjoy life and its high-priced accompaniments wherever the mega-rich wish. Meanwhile, away from the French Rivera, Homeland Security is collecting sufficient ammunition to keep dispossessed Americans under control.

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http://www.paulcraigroberts.org/

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available here. His latest book,  How America Was Lost, has just been released and can be ordered here.

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The story of the purchase of such huge stock... by Marika on Friday, Aug 24, 2012 at 1:06:12 PM
It's time to push back...  We have not made t... by Swamper Tom on Saturday, Aug 25, 2012 at 4:28:43 PM
This year, crops failed all across the United Stat... by lwarman on Friday, Aug 24, 2012 at 1:09:56 PM
It's sad that the plutocrats are so ignorant, in d... by Don Harris on Saturday, Aug 25, 2012 at 2:31:02 PM
Farmers thought growing corn this year would let t... by Swamper Tom on Saturday, Aug 25, 2012 at 4:34:44 PM
The author of Poverty: America's Greatest Shame, b... by E. J. N. on Friday, Aug 24, 2012 at 1:45:01 PM
Had it not been for the amorous attentions of Moni... by Chris Cook on Friday, Aug 24, 2012 at 3:01:35 PM
I would not agree that Clinton wanted the privatiz... by E. J. N. on Friday, Aug 24, 2012 at 4:24:44 PM
According to a paper submitted by Assistant Secret... by Chris Cook on Friday, Aug 24, 2012 at 8:55:53 PM
I don't really know. Haven't done any research on ... by E. J. N. on Friday, Aug 24, 2012 at 9:11:34 PM
What you claim is the claim of the misleading Libe... by E. J. N. on Saturday, Aug 25, 2012 at 12:21:48 PM
Here is information from this Balanced Politics&nb... by Chris Cook on Saturday, Aug 25, 2012 at 2:52:51 PM
Got to http://www.hks.harvard.edu then (slash) ... by E. J. N. on Saturday, Aug 25, 2012 at 6:52:32 PM
"So to recap, Lincolns' corporatist allies run ad ... by Chris Cook on Saturday, Aug 25, 2012 at 7:23:30 PM
In terms of "private accounts" for Social Security... by E. J. N. on Saturday, Aug 25, 2012 at 2:24:57 PM
... it gives awfully short shrift to LBJ's Great S... by PCM on Friday, Aug 24, 2012 at 4:04:16 PM
The article I cited actually says "since 1963 the ... by E. J. N. on Friday, Aug 24, 2012 at 6:59:50 PM
Pretty bad, innit?So glad I planted a garden. &nbs... by Don Caldarazzo on Friday, Aug 24, 2012 at 1:45:35 PM
We kind of deserve it.  I mean "we" as a coun... by Don Caldarazzo on Friday, Aug 24, 2012 at 1:46:00 PM
Don, you are studying the facts. Sorry, that is an... by tincansailor on Friday, Aug 24, 2012 at 2:21:05 PM
I think that about a third of the population in... by Marika on Saturday, Aug 25, 2012 at 9:27:03 AM
But.  If people actually start starving, to s... by Don Caldarazzo on Saturday, Aug 25, 2012 at 1:48:20 PM
No, no butter and no jam either, but they le... by Marika on Saturday, Aug 25, 2012 at 5:55:23 PM
... of American collapse." Would education be... by Ad Du on Friday, Aug 24, 2012 at 3:35:54 PM
that it's not just the US that is collapsing, but ... by intotheabyss on Friday, Aug 24, 2012 at 3:41:40 PM
click here     (probably because I ... by Daniel Geery on Friday, Aug 24, 2012 at 4:06:37 PM
Of Romney's forty identified foreign policy advise... by Lance Ciepiela on Friday, Aug 24, 2012 at 7:07:30 PM
with a currency that doesn't recognize Fed currenc... by intotheabyss on Friday, Aug 24, 2012 at 7:28:59 PM
JFK tried to do what no other president has done, ... by Deborah Dills on Friday, Aug 24, 2012 at 8:21:14 PM
loaned to us with interest I get the same look of ... by intotheabyss on Friday, Aug 24, 2012 at 9:00:28 PM
In his lead-in Paul Craig Roberts wrote: "The Clin... by E. J. N. on Friday, Aug 24, 2012 at 9:03:30 PM
Did Reagan make Clinton not have sex with that wom... by Chris Cook on Friday, Aug 24, 2012 at 10:17:58 PM
In a comment above you claimed the following:"Acco... by E. J. N. on Saturday, Aug 25, 2012 at 12:27:52 PM
I am a registered Democrat and voted for Obama in ... by Chris Cook on Saturday, Aug 25, 2012 at 3:10:03 PM
(First, in my comment far above, which I made just... by E. J. N. on Saturday, Aug 25, 2012 at 7:17:49 PM
I too would not call Bill Clinton a Neo-Conservati... by Chris Cook on Saturday, Aug 25, 2012 at 7:38:03 PM
[[reaganomics]]the trickle has turned into a droug... by Swamper Tom on Saturday, Aug 25, 2012 at 3:25:22 PM
mind  due to Alzheimer's disease. This produc... by bogi666 on Saturday, Aug 25, 2012 at 12:30:23 PM
"Supply side" trickle-down Reaganomics was the cre... by E. J. N. on Saturday, Aug 25, 2012 at 1:08:55 PM
[[reaganomic]]... by Swamper Tom on Saturday, Aug 25, 2012 at 3:35:28 PM
I've brought this topic up to PCR and he ignores i... by bogi666 on Sunday, Aug 26, 2012 at 8:21:16 AM
I've brought this topic up to PCR and he ignores i... by bogi666 on Sunday, Aug 26, 2012 at 8:22:16 AM
How far?  To their heirs.  Big money alw... by Marika on Tuesday, Aug 28, 2012 at 5:50:09 AM
As PCR has stated over and over, supply side theor... by Chris Cook on Sunday, Aug 26, 2012 at 9:34:49 AM
.... admit it, and ask for forgiveness then we can... by Swamper Tom on Sunday, Aug 26, 2012 at 10:44:37 AM
I certainly understand your animus toward Reagan f... by Chris Cook on Sunday, Aug 26, 2012 at 1:13:03 PM
Let the man speak for himself. The point is t... by Swamper Tom on Sunday, Aug 26, 2012 at 3:35:36 PM
I'm aware that Paul Craig Roberts claims that Rona... by E. J. N. on Sunday, Aug 26, 2012 at 1:01:04 PM
I think PCR has much more credibility than Alan Gr... by Chris Cook on Sunday, Aug 26, 2012 at 1:40:00 PM
Actually, I'm not a big fan of Greenspan, but the ... by E. J. N. on Sunday, Aug 26, 2012 at 3:24:48 PM
If you fault PCR for defending Reagan, then the le... by Chris Cook on Monday, Aug 27, 2012 at 8:40:14 AM
Unfortunately, so few understand the difference th... by Mark Adams JD/MBA on Sunday, Aug 26, 2012 at 12:47:58 PM
I would be the last to cede more power to corporat... by E. J. N. on Sunday, Aug 26, 2012 at 1:44:52 PM
Your professors were as deluded and naive as most ... by Paul Repstock on Friday, Aug 24, 2012 at 11:25:37 PM
What a terrific summary of a horrible situation, M... by Elizabeth Hazel on Sunday, Aug 26, 2012 at 1:31:11 PM
I knew the French ate horses, still do... but the ... by Swamper Tom on Sunday, Aug 26, 2012 at 4:32:52 PM