Recently the statistics were released and it seems like 28.6% of all home loans are underwater. Is that number going to get better or worse. My money is on worse. Why? First all the people that have been barely surviving on unemployment may be losing their unemployment. That will force many of them into bankruptcy. Second the job market is not really getting better. They say the number is going down. The question is that because jobs are being created or because people are falling off the unemployment rolls cause they are no longer looking for work. My bet is the second. I have had three family members laid off just in the last three months. Another hardship is starting to take its toll this year that I had not seen before. My son in law has several rental properties and he has several people who have been complaining to him. They say with rent and utilities they no longer have any income left for food and other necessities. These are people who are working every day, but can not find better paying jobs.
As if these problems are not enough the government is getting ready to dump many, more onto the unemployment rolls. They are doing it two ways. The U.S. Postal service is down sizing. Second the U.S. Military is downsizing as they bring troops home and no longer need as many to meet their mission. Also the government is cutting military budgets which will force more into the unemployment pool. So things do not show any sign of getting better any time soon. If you would like an interesting read as to how we got into this mess I invite you to read my blog of 4/15/11 on WMD's, know this that my definition of WMD is really Wealth Melt Down. The blog goes back almost sixty years to the start of the whole problem. It has been a snowball that has been growing and growing and is finally getting a life of its own.
The only way to solve the problems facing America is to get the government back into the confines of the Constitution. The Federal Government is regulating and creating laws that control or regulate issues the states are supposed to control. The most obvious one for this is the War on Drugs. The Constitution gives the Federal no authority to legislate morality. However, that is exactly what it is spending billions and billions of dollars to do. Not only is it spending funds it should not be spending. It is effectively losing the war and putting the burden on the states. Many states have decriminalized pot. The whole left coast of America has enacted exemptions for medical marijuana. Yet the Fed wants to challenge the state laws. Colorado is already taxing and controlling medical marijuana. It is creating thousands of jobs in production, distribution, taxing and controlling the markets. Which is far more enlightened than throwing people in jail and adding that burden to the taxpayers. It is a proven fact that those who desire to smoke pot are going to do so. The Federal Governments Enforcement of Drug Laws has been about as effective as the Keystone Cops of the silent movie era. Prohibition should have taught the Federal Government that you can not legislate morality. Many of the west coast states have adopted the philosophy that pot laws are Federal Laws. So if the Feds want them enforced they better do it themselves. The states are not going to waster their time, money or resources to enforce laws they have effectively repealed and that should be their right to decide.
There are several blogs on these issues and I encourage you to use the search bar at the top of my blog and read articles that may interest you. If you do not like things the way they are, maybe it is time to get involved. In the Army we had a saying. "You are either part of the solution, or part of the problem." There is no middle ground. You say I do not care, well that clearly makes you part of the problem. Write you Congress Person. They get enough complaints maybe they will do something. Drown them in mail. Especially the kind that tells them they will soon be unemployed if they do not do "something" even if it is wrong. The present system certainly is not working, maybe a third party would change things or at least stop them from getting worse. The last third party candidate to win in America was Abraham Lincoln. That definitely changed things in America. Maybe it is time to try it again.
The payroll tax cut is not really solving a thing. They are doing it by cutting the amount of Social Security Tax they are taking out of your pay check. It does not take a rocket scientist to know that, that is definitely nothing more than kicking the can down the road. They are trying to kick it so far the average person does not see that it is being taken from their retirement funds. It does not matter which party gets the credit. It is a stupid and deceptive way of dealing with a problem. What we need is real solutions. The ones I offer in my blog at least help unemployment or reduce our energy dependence. Which is a heck of a lot more that what is being shoved down our throats by the so called leadership in Washington. The ship of state is rudderless and is either going to hit a big iceberg or run aground. Americans need to take back control of the ship and put people in charge who know the difference between kicking the can and recycling the can. The present Congress does not know the difference and does not have a clue how to solve the problem, mainly because they do not see the problem. Which is half of the problem. Any American waiting for this congress to fix the problem, is part of the problem. Sad but true.