As more and more costs are shifted onto individuals, I have a few questions.
Primarily, where are we supposed to get the money to for student loans, health care, to raise kids, fund our own retirement, support aging relatives in their later years, put a roof over our heads and food on the table?
More and more costs are being shoved onto individuals at the same time that real wages are stagnating or falling. The “just live within your means” crowd doesn’t get that if everyone lived within our means, the national economy would implode (70 percent of our GDP is based on consumer spending).
I guess our options are to continue to buy middle-class lifestyles using credit cards. Or simply throw in the towel and admit that 80 percent of Americans are now, in practical terms, lower class and that this nation has no plan to make things better. Sadly, many in Congress are actually working tirelessly to ensure the middle class disappears entirely.
We are quickly devolving into a second-world society with no clear end in sight. Will we stop at second-world status or continue to plummet to third-world status?
I dread to see what this country will look like in 2050. Thankfully, or hopefully, I won’t be around to see the carnage.