Tuesday, December 31, 2013

Is America About To Reach A Breaking Point? Anger Grows As Unemployment Benefits Get Cut

The Economic Collapse
December 31, 2013

Breaking PointIn America today, there are close to 50 million people living in poverty and there are more than 100 million people that get money from the federal government every month.  As the middle class disintegrates, poverty is climbing tounprecedented levels.  Even though the stock market has been setting record high after record high, the amount of anger and frustration boiling just under the surface in our nation grows with each passing day.  And now extended unemployment benefits have been cut off for 1.3 millionunemployed Americans, and it is being projected that a total of 5 millionunemployed Americans will lose their benefits by the end of 2014.  In addition, as I have written about previously, 47 million Americans recently had their food stamp benefits reduced.  The conditions for a "perfect storm" are certainly being created.  So how much longer will it be until we see all of this anger and frustration boil over in the streets of our major cities?  Is America about to reach a breaking point?

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