Moral Outrage
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Posts Tagged ‘debts

The undeclared creeping US bankruptcy

January 5, 2011

In essence the US is bankrupt, but how will it go about filing for bankruptcy? There are 2 ways – one is to default on its debts. This would create a massive convulsion and crash the markets, leading to an almost instant depression. This is not so attractive to politicians or the elites as it […]

The gap between the rich and the middle class and the poor

December 28, 2010

The richest 1% of U.S. households had a net worth 225 times greater than that of the average American household in 2009, according to analysis conducted by the Economic Policy Institute. That’s up from the previous record of 190 times greater, which was set in 2004. Meanwhile, the average family’s net worth plunged 41% from […]