Sad stats on how the economy is impacting us.

[spqrzilla]

32. One study discovered that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt, and according to a report published in The American Journal of Medicine medical bills are a major factor in more than 60 percent of all personal bankruptcies in the United States.

This was Elizabeth Warren's horse manure "study". Gross exaggeration.

[brianakell]

Wages down, weird, theyre all over in China "that dont pay a living wage"
Employment down, yeah, know how much it costs an hour to have someone work for you, BEFORE you pay them?
Then get into OSHA and all the rest of that.
And manufacturing, yeah, cant do that, thank the EPA.

Costs, fines, legal BS employees can pull, and the fact there are so many regulations and junk to go thru to actually be compliant, just to try to avoid a fine, or several. No one can afford or wants to set up a new business.

As for self employeed, there's plenty more, theyre just working cash jobs making 15/hr instead of employee jobs at 10/hr.

[roberth]

Wonder how long until we run out of other peoples money?

Sent from my DROID BIONIC using Tapatalk 2

we were out the first time the government borrowed a nickel.

[02ducky]

Very sad, sobering and scary.

All empires fail at one time or another.

[roberth]

Very sad, sobering and scary.

All empires fail at one time or another.

yes they do. some fall harder than others. i think this one will be a hard fall because we were so big (bigger they are...etc.)

If liberals would read and correctly interpret history they'd see the path they've taken us on. They can't and don't and are so full of themselves that they won't admit to being wrong so here we are. Enjoy the ride, beware the sudden stop at the end.

[Superorb]

It's crazy how these clowns don't see what's coming. There's only so much we can borrow money from others, but our idiot in chief wants to raise the debt ceiling and just borrow borrow borrow.If he can do that for another few years it'll be someone else's problem. And I'm sure that person will blame Bush.

[roberth]

http://www.zerohedge.com/news/2013-0...-are-part-time

Here we go.

When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America's conversation to a part-time worker society is accelerating: according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were... not.

[Ronin13]

yes they do. some fall harder than others. i think this one will be a hard fall because we were so big (bigger they are...etc.)

If liberals would read and correctly interpret history they'd see the path they've taken us on. They can't and don't and are so full of themselves that they won't admit to being wrong so here we are. Enjoy the ride, beware the sudden stop at the end.

Really though, I don't think, in modern times at least, that empires fall the same way Rome, Greece, and Persia fell. We won't fall in the same way that there will be wide scale death, famine, and a hostile foreign army coming in and taking over (although you never know with China and the Blue Hats). I also think, due to the symbiotic nature of our international world today, so many rely on the US to stay afloat (We do have that with China, and where would the Saudis be without us?) that it would be in the EU and Asian markets interest to keep us afloat and spending our hard earned money on them. The other problem is, we're still #1 in a lot of vital areas in the world- oil consumption, defense exports, air travel to name a few. I don't think we'll so much as fall or fail or collapse, look at the British Empire- a shadow of it's once great former self- or the Soviet Empire- that's a bit closer to where we're headed if the left continues to rape our economy. So no, I'm not afraid of us collapsing altogether, I'm more worried about us declining to the point where it's going to be painful, but America will still exist- in a sense.

[DireWolf]

Really though, I don't think, in modern times at least, that empires fall the same way Rome, Greece, and Persia fell. We won't fall in the same way that there will be wide scale death, famine, and a hostile foreign army coming in and taking over (although you never know with China and the Blue Hats). I also think, due to the symbiotic nature of our international world today, so many rely on the US to stay afloat (We do have that with China, and where would the Saudis be without us?) that it would be in the EU and Asian markets interest to keep us afloat and spending our hard earned money on them. The other problem is, we're still #1 in a lot of vital areas in the world- oil consumption, defense exports, air travel to name a few. I don't think we'll so much as fall or fail or collapse, look at the British Empire- a shadow of it's once great former self- or the Soviet Empire- that's a bit closer to where we're headed if the left continues to rape our economy. So no, I'm not afraid of us collapsing altogether, I'm more worried about us declining to the point where it's going to be painful, but America will still exist- in a sense.

I'll buy some of that, but completely disagree with regard to the part about wide-scale death, etc...Our society is very different from any of the other historical examples you gave for one very important reason - we now live in a society which his largely "order-on-demand" with regard to nearly every critical resource. A catastrophic crash or failure which disrupted either food or fuel transport for even 1-2 weeks would likely result in casualties on an absolutely massive scale, caused by everything from lack of food/water/meds/etc., to the nearly instantaneous riots which would likely take place, and that doesn't even count the absolute shitstorm which would happen when they tried to control the situation via marshal law, which would most likely be the case....

[Ronin13]

I'll buy some of that, but completely disagree with regard to the part about wide-scale death, etc...Our society is very different from any of the other historical examples you gave for one very important reason - we now live in a society which his largely "order-on-demand" with regard to nearly every critical resource. A catastrophic crash or failure which disrupted either food or fuel transport for even 1-2 weeks would likely result in casualties on an absolutely massive scale, caused by everything from lack of food/water/meds/etc., to the nearly instantaneous riots which would likely take place, and that doesn't even count the absolute shitstorm which would happen when they tried to control the situation via marshal law, which would most likely be the case....

True- but I don't think the "compassionate" democrats in power would let the death toll exceed 10,000... Unless of course they realized how truly powerless they are and we saw the near extinction of the American Democrat as a species (Idiotus Americanus). And I could see martial law being possible in the cities, but look at places like the mountain corridor of CO, WY, MT, rural WA/ID/OR, most of TX (if they even allow it at all) etc- that would be impossible to control with how spread out things are.