Economic disaster traditionally begets social unrest; just say'n.
A Losing Season:No, not Penn State football. How proud are Pennsylvania taxpayers going to be of Joe Paterno et all when it’s time to pay the lawsuits? How many tuition hikes will it take to pay the settlements? Go team.
Unmentionable: The Republican tax hawks are not saying a word about the $110 billion tax increase coming January 1st. That's because it impacts the workers, not the owners. Without congressional action, the 2% of FICA (Social Security) tax that was temporarily suppressed will come back, after pumping about $110 billion into the economy. Come January the average worker will be taking home about $70 a month less, just as the CEO's start cashing their bonus checks.
Only The Good Diet Young: A new study of US adolescent cardiovascular health suggests that today's teens are likely to die of heart disease at an earlier age than their parents. Young (24 -35) adults are already keeling over faster than previous generations, especially the women, and those in the 12 -19 age range are mostly obese, have high blood pressure, get no exercise and eat french fries and pizza all day.
Gospel: The good news is that only 388,000 Americans lost their jobs last week, in an economy that is creating about 100,000 new jobs a month....
There Ain't No Frackin' Jobs: Most news outlets simply take the PR handoouts from the industry and tout how many jobs fracking will bring to the area. For example, western NY will gain 60,000 new jobs when the frackers get to fracking, so the frackers say. Looking at similar operations in neighboring Pennsylvania suggests the number is more like 6,000. And that's before taking into account the jobs that will be lost due to environmental damage.
Clarification: The Confederate Flag does not represent Southern Heritage, it represents a defeated nation that was established to perpetrate the ownership of blacks by whites. They lost.
Recommended Rant: I grew up way back when America was a democracy, but that just tells you that I'm old. Today's America isn't run by citizens, nor even the citizens' representatives. It is a Corporatocracy. Why is it that the Europeans have figured out that they are getting screwed, and we keep pretending we're going to win the lottery? While they're in the streets, we're fighting for control of the remote. And so on...
Now They Tell Us: Either the Supercommitte makes deep cuts in the Federal Budget, or the 'automatic trigger' does. Either way, the cuts will slow the economy further, at a time when it's already pretty damned slow. It's a version of the austerity game that is playing so well in the provinces. Thank your local deficit hawk.