AMERICA SOON BECOME THIRD WORLD NATION.

Why the US will soon become a third world nation:

The decline America and why it won't recover..

The United States is a country in decline. The US is going down the toilet. The US will become a third world country. The US is becoming a third world county, because the US has become a welfare state like Europe and Canada. How can the USA avoid becoming a 3rd world country? By doing away with entitlements, and welfare, and getting rid of all government regulations like minimum wage laws and Obamacare. .

Unimaginable debt – Over the past 40 years, the U.S. debt to GDP ratio has gotten more and more out of control. Since 1970, our debt to GDP ratio has increased from 26 percent to well over 100 percent today. We are on pace to be completely bankrupt by 2025 if we continue on our current path..

Tax revenue – If you can believe it, 38 percent of all tax revenue brought into the federal government during fiscal year 2011 came from individual income taxes (130 billion dollars). That was not too bad compared to corporate income taxes (46 billion dollars), payroll taxes (84 billion dollars) and other sources of revenue. The problem is that those categories of tax revenue are shrinking rapidly while certain other categories of tax revenue have been growing at alarming rates….

The US infrastructure - once the envy of the world, is crumbling due in large part to decades of neglect. The US economy is a house built on sand as evidenced by the increasing debt level and trade deficit, which are unsustainable. Medical costs are out of control and bankrupting families across America resulting in an aging population dependent on the state for support. .

Public education - has become indoctrination rather than an educating our youth to be well-informed, productive citizens. Political correctness has replaced common sense and rational thinking while corrupt government officials line their pockets with taxpayers' money and engage in crony capitalism at the expense of American workers.
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But the biggest losers in this new world will be American parents, many of them on the verge of bankruptcy because of their dependent children, and young Americans in general. They are not even close to taking over or being able to build the numbers, wealth and power of the former white middle class. The first job for them is physical survival, including affordable places to live.
There is one reason why the US will not come out of this recession: its reliance on debt driven consumerism. The US's failure to manage the housing bubble is the root cause of its systemic failure. Add to that a vicious circle of job loss, debt, collapse of the consumer economy, national insolvency and a never ending cycle of bailouts for banks. And that about covers it! Are you ready for third world America!