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Post by greentara » Tue Jun 25, 2013 1:39 am

Americans and their economy

They spend billions/trillions on policing the world and yet their own citizens are often living right on the edge!

Three-quarters of Americans are living paycheck-to-paycheck and have little or no savings cushion if a job loss or medical emergency should occur.

Meanwhile, senior citizens in almost every state are falling seriously short when it comes to living out their "golden years."

Economists sometimes proclaim themselves to be "disappointed" by such findings.

If economists are "disappointed," just imagine what those experiencing such conditions are.

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Re: disappointed

Post by oushi » Tue Jun 25, 2013 8:54 am

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Re: disappointed

Post by DGA » Tue Jun 25, 2013 12:46 pm

greentara wrote:If economists are "disappointed," just imagine what those experiencing such conditions are.
Indeed. It is challenging for many of us--or worse.

For our friends overseas, here are some worthwhile texts to consider if you are interested in understanding how the US got into this fix (having to enforce by force economic arrangements that are "free" globally?!), and how you can avoid it in your own countries, which are surely interesting and disappointing in their own ways.

http://www.amazon.com/Brief-History-Neo ... 0199283273

http://www.amazon.com/Whats-Matter-Kans ... 080507774X

I should add that even through the worst of the Bush years, and the worst of the consequences of neoliberal policies, I've remained in the US, even when I had opportunities to move elsewhere. I did this on purpose: there really is much to love about the U.S., and I have good reason to want to be a part of what is good (and growing) about this country.

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