Your Reality. . .
by The Old Hippie Because It Can Get A Lot Worse... In Fact... It Is.
| - “How Far Down the Economic Hole Are We Headed?”|
Best article of the week, along with the best reader’s comments.
Many people continue to clutch to their denial of economic reality.
- “Apocalypse Now” (the planet’s ecology, not the movie.)
Not long ago, most climate scientists stuck to the future tense when
they talked about the impacts of global warming. Now, they are
using the present tense --
- “Past the Point of No Return”
...told America - if subtly - that the toughest terrain is yet to come.
we all... can only blame ourselves, and deserve our collective fates.”
= = = = = = = = = = = = = = = < B e l o w T h e F o l d > = = = = = = = = = = = = = = =
A“Below The Fold” bonus Article -
“Tough Times in Troubled Towns: America’s Municipal Meltdowns”
“Stories about the economic woes facing individual cities and towns are already a staple of national newspapers, even as the bad news, experts believe, is only beginning to flow in. Spikes in unemployment already reaching double-digit levels in some cases, municipal governments deep in the red, essential cutbacks in local services, increasing lines at food pantries, towns facing bankruptcy or even contemplating municipal suicide are increasingly common nationwide.
Towns like Elkhart, Lehigh Acres, and Mendota may now be media poster-towns for tough times nationwide, but most distressed small towns are still suffering in silence and, as a group, they may only be the proverbial canaries in the coal mine. It isn’t surprising that towns which relied heavily on the collapsing auto industry and the building trades are going belly-up first, but what about the rest of America’s towns and even big cities? The same economic forces are battering them, and while they may have been able to withstand immediate collapse, there’s no guarantee that town after town won’t be deep in the red, drowning in joblessness, and facing catastrophe as the American depression drags on.”
The above title is a direct link to the full article...