Fuck The American Dream Before It Fucks You

[Kristy]

http://www.businessinsider.com/americans-live-on-the-edge-of-financial-ruin-cfed-report-2013-2

"A sobering new report by the Corporation for Enterprise Development shows nearly half of U.S. households (132.1 million people) don't have enough savings to weather emergencies, or finance long-term needs like college tuition, health care and housing."

Now you would think this applies to many of you failed losers/musicians but ...even those who actually work for a living:

"More than one-quarter of households earning $55,465-$90,000 annually have less than three months of savings.

And another quarter of households are considered net worth asset poor, "meaning that the few assets they have, such as a savings account or durable assets like a home, business or car, are overwhelmed by their debts," the study says."

I'llbe seeing you all in the FEMA camps soon.

[Kristy]

What I found to be amazing is a side article to that story where the top ten states in near financial ruin are mainly red states

1. Louisiana
2. Arizona
3. New Mexico
4. Tennessee
5. North Carolina
6. Arkansas
7. Florida
8.Mississippi (surprised that state isn't #1)
9. Georgia
10. Nevada

The quality of life rapidly diminishing every day even for those who could once afford it.

[clarathecarrot]

That is a better average than 82% of the rest of the world.

That is why the american dream is a dream of all people started thousands of years ago..it will never die.

[FORD]

Thousands of years ago???

Yeah, put down the crack pipe.

[Kristy]

...and then there is this story to fuel Elvis paranoia further:

http://theintelhub.com/2013/02/02/ctc-says-opposition-to-a-new-world-order-is-terrorist-activity/

The New World Order will come. Oh yes!

[Nitro Express]

Dreams are dreams and reality is reality. Why the United States achieved the largest standard of living in world history is our constitutional government allowed individuals the freedom to pursue their own dreams. It got rid of a ruling class and gave the power to the people. If you have good people who want very little from the government what was the so called American Dream becomes reality. What has happened is we have passively allowed the ruling class to come back. We allowed the elite to divide us into competing groups, we got distracted by entertainment, we got into our own pursuits and failed to pay attention to what our leaders were doing, or we just wanted something from the government and could care less what the long-term end result would be.

The problem with a high standard of living is usually the next generations get dumb and lazy and squander not only the wealth but their freedom. This is nothing new, it's happened before and who's to blame is the people themselves. There will always be con artists and opportunists. There will always be power hungry psychopaths. If you don't stay on top of what is going on in your government or research who's on the ballot, they will take over your government.

"How fortunate for politicians that the public does not think." --Adolf Hitler--

[FORD]

[DLR Bridge]

And another quarter of households are considered net worth asset poor, "meaning that the few assets they have, such as a savings account or durable assets like a home, business or car, are overwhelmed by their debts," the study says."

This failed musician resides in this category.

Ain't we lucky we got'em.... good times.

[jhale667]

Kenny/Krust has less than even the "failed musicians" "she" rails against...

[Nitro Express]

What's funny is the black plague actually caused the renniancance. It killed off enough of the ruling class that the people were given more freedom and once motivated people have the freedom to think and persue their dreams freely new inventions and discovery come forth. Once you have a ruling class that dictates every move, shoots down anything that threatens their power structure, and smothers the public in endless regulations and laws, the average person lives a pretty shitty life. Think about that the next time you want to give your responsibility over to someone else or want more laws because they sound good.

[Nitro Express]

The reason the average American has no savings is they didn't save. They ran up huge debts instead of taking 10-20% of their paycheck and putting it away for a rainy day. Now if you saved and the bank stole your money (MF Global) that's a different story. But Americans for the most part didn't save their money in the good times. They bought things on credit they shouldn't have and instead of earning interest they paid it until they couldn't make the payments anymore.

[jhale667]

Nice generalization, but the truth is most people don't MAKE enough to save 10-20% per paycheck these days. Even those who don't rack up huge credit card debt.

[DLR Bridge]

The reason the average American has no savings is they didn't save. They ran up huge debts instead of taking 10-20% of their paycheck and putting it away for a rainy day. Now if you saved and the bank stole your money (MF Global) that's a different story. But Americans for the most part didn't save their money in the good times. They bought things on credit they shouldn't have and instead of earning interest they paid it until they couldn't make the payments anymore.

Well, this "average American" has been hit with more rainy days up front than I ever had time to prepare for. Not all folks with debt got that way by mishandling their paychecks.

[DLR Bridge]

Nice generalization, but the truth is most people don't MAKE enough to save 10-20% per paycheck these days. Even those who don't rack up huge credit card debt.

Gas, food, insurance, overall cost of living has gone through the roof in the last 5 years alone. My last raise was 5 years ago. Been working odd jobs to supplement my income. Savings, at the moment, is a dream. The check comes in and poof, it's gone.

[Nitro Express]

Gas, food, insurance, overall cost of living has gone through the roof in the last 5 years alone. My last raise was 5 years ago. Been working odd jobs to supplement my income. Savings, at the moment, is a dream. The check comes in and poof, it's gone.

Hows that hope and change working for you?