19 Signs That The U.S. Consumer Is Tapped Out

by Source: theeconomiccollapseblog.com You can’t get blood out of a rock.  Traditionally the United States has had a consumer-driven economy, but now years of declining incomes and rising debts are really starting to catch up with us.  In order to have an economy that is dependent on consumer spending, you need to have a large […]

10 Stories From The Cold, Hard Streets Of America That Will Break Your Heart

by Source: theeconomiccollapseblog.com If the economy is really “getting better”, then why have millions upon millions of formerly middle class Americans been pushed to the point of utter despair?  The stories that you are about to read are absolutely heartbreaking.  I don’t know how anyone can read them without getting chills.  In America today, if […]

Global Food Reserves Have Reached Their Lowest Level In Almost 40 Years

by Source: thetruthwins.com For six of the last eleven years the world has consumed more food than it has produced.  This year, drought in the United States and elsewhere has put even more pressure on global food supplies than usual.  As a result, global food reserves have reached their lowest level in almost 40 years.  […]

US poverty to hit highest level since 1965

by Source: rt.com Poverty in the US is projected to spread at record levels unseen since the 1960s, affecting many groups including underemployed workers, suburban families and the poorest of America’s poor. ­As unemployment aid dwindles and workers grow increasingly discouraged, poverty is reaching every corner of the US. In 2010, a family of four […]

Woman put in jail for being poor

by Source: rt.com The recession ruined Linda Ruggles’ business and she has been selling plasma twice a week since to make ends meet. The blood bank couldn’t bail her out from behind bars though, which is where she ended up after she couldn’t pay a $480 fine. That fine, say cops in Mount Pleasant, South […]

White House Proposes Half-percent Pay Raise for Federal Workers

by Source: thenewamerican.com While U.S. unemployment remains well above eight percent, the Obama administration is proposing a half-percent pay raise for federal employees as part of its 2013 budget plan, an Office of Management and Budget official announced Friday. The modest, but rather untimely, pay increase will mark the first uptick since before the two-year […]

Obama administration favors new tax on the poor with Internet gambling opinion

by Source: naturalnews.com It’s been a pretty typical modus operandi for President Obama: Tell any reporter or camera microphone within earshot that you are a champion of the poor, but then implement, support or adopt policies that hurt or punish them economically. There was that time in October, when the president took that swing through […]