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The State Of The U.S. Economy

July 27. 2010

U.S. President Barack Obama

The U.S. economy is in dire straits, as 15 million Americans are unemployed and 18.9 million homes are in foreclosure. The national deficit is set to hit $11 trillion dollars as well. These problems are compounded by the fact, there exists a terrible breed of corruption in government, stealing and squandering billions in taxpayer money. 

It was reported today, $8.7 billion in taxpayer money designated for rebuilding Iraq, cannot be accounted for by the U.S. Pentagon, also known as stolen. The FBI has wasted close to $1 billion dollars on a failed computer system that is being deemed a failure, as it was announced this week, the remaining phases of the roll out have been scrapped. 

The FBI's parent agency, the Justice Department, headed up by, Eric Holder, have also been accused of wasting huge sums of taxpayer money on trips, parties, arcading and skateboarding.

This year, President Obama's alleged job creation program was also an unmitigated disaster, as billions in taxpayer money was misappropriated and squandered by government officials (see: stolen). It bears the handprints of corruption.

Billions in U.S. taxpayer money is also being wasted on illegally spying on millions of Americans, in criminal violation of the Constitution, when that money could go to better things. However, President Obama, like Bush before him, has engaged in this misconduct as a continuation of illegal programs at the FBI, CIA and NSA.

The nation's finances are a mess. America is hemorrhaging money everywhere and it is adding up quite negatively. The government and bands of the corporate sector are deteriorating America - the same America they will have to live in. There is a crass phrase that states you don't defecate where you eat and that's exactly what the government is doing.

This unprecedented corruption is not conducive to prosperity. The American way of life is being destroyed and replaced with something unfavorable, laden with hardships. Prevalent misconduct, overspending and corruption in government is not funny or amusing, as it is building up to a serious financial calamity that will make 1929 and 2008 look like good fiscal years. 

U.S. Attorney General, Eric Holder and First Lady, Michelle Obama

Side Bar: U.S. Attorney General, Eric Holder, has announced he plans to investigate and prosecute financial corruption in government in nations such as Africa. Open your eyes. You need to start in Washington, but you wouldn't lock up your own buddies, now would you. Furthermore, since when does your Congressional mandate extend into other sovereign nations you have no jurisdiction or authority in. 

STORY SOURCE

US home ownership reaches 10-year low 

Audit: US cannot account for $8.7B in Iraqi funds 

Justice Dept. parties with tax dollars — arcade games, bowling, and skateboarding!

 

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