By Michael Snyder: The systematic destruction of the American way of life is happening
all around us, and yet most people have no idea what is happening. Once
upon a time in America, if you were responsible and hard working you
could get a good paying job that could support a middle class lifestyle
for an entire family even if you only had a high school education.
Things weren’t perfect, but generally almost everyone in the entire
country was able to take care of themselves without government
assistance. We worked hard, we played hard, and our seemingly boundless
prosperity was the envy of the entire planet. But over the past
several decades things have completely changed. We consumed far more
wealth than we produced, we shipped millions of good paying jobs
overseas, we piled up the biggest mountain of debt in the history of the
world, and we kept electing politicians that had absolutely no concern
for the long-term future of this nation whatsoever. So now good jobs
are in very short supply, we are drowning in an ocean of red ink, the
middle class is rapidly shrinking and dependence on the government is at
an all-time high. Even as we stand at the precipice of the next great
economic crisis, we continue to make the same mistakes. In the end, all
of us are going to pay a very great price for decades of incredibly
foolish decisions. Of course a tremendous amount of damage has already
been done. The numbers that I am about to share with you are
staggering. The following are 19 signs that American families are being
economically destroyed…
#1 The poorest 40 percent of all Americans now spend more than 50 percent of their incomes just on food and housing.
#1 The poorest 40 percent of all Americans now spend more than 50 percent of their incomes just on food and housing.




