THE DOCTRINE OF THE N.A.F.T.A. GLOBALIST DEMOCRATS IS TO SERVE THE BILLIONAIRE CLASS WITH ENDLESS WAVES OF INVADING 'CHEAP' LABOR SUBSIDIZED WITH WELFARE FUNDED BY TAXES ON MIDDLE AMERICA.
In many speeches, Mayorkas says he is building a mass migration system to deliver workers to wealthy employers and investors and “equity” to poor foreigners. The nation’s border laws are subordinate to elites’ opinion about “the values of our country,” Mayorkas claims.
As a private American citizen, I would like to share some matters of public interest. Specifically, I would like to report and share my transformative thoughts through commentary about an article titled: A Walmart Worker’s View on the Retirement Divide.
All rights and credit go directly to its rightful owners. No copyright infringement intended. This is a link to the article that I referenced in my video; I encourage you to read the full article to support the author and the news source: https://inequality.org/research/walma...
Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship and research. Fair use is a use permitted by copyright statute that might otherwise be infringing.
The matters of public interest that I discuss as a private American citizen relate to any matters of financial, political, social, or other concerns to the community or subjects of legitimate news interest; that are, subjects of general interest and of value and concern to the public. There is substantial truth in what I discuss, but please overlook any minor inaccuracies. The content that I share is for entertainment purposes only, and you should not construe any such information as legal, tax, investment, financial, real estate, insurance, or other advice. Opinions expressed are solely my own and do not express the views or opinions of my
WHAT WOULD THE HOUSING AND JOBS CRISIS BE WITHOUT 50 MILLION ILLEGALS?
IN AMERICA THE RICH GET RICHER AND ILLEGALS GET THE JOBS TO KEEP WAGES DEPRESSED.
20 Imminent Signs The American Society Is Collapsing
The largest caucus of House Republicans proposed Wednesday that the US retirement age for collecting full Social Security benefits be raised to 69 from the current 66. The Republican Study Committee (RSC), with 176 out of the 222 Republican members of the House of Representatives, made the proposal as part of a “fiscal blueprint” that would cut spending by $16.3 trillion over the next decade, compared to the projected baseline.
The plan also includes making the Trump tax cuts for the wealthy permanent—they are currently scheduled to expire in 2027—while leaving Pentagon spending untouched, at a gargantuan $886 billion for the coming year.
Automatic (entitlement) spending programs like Social Security, Medicare and Medicaid would absorb two-thirds of the cuts proposed by the RSC, with discretionary spending programs, those which must be voted on by Congress each year, absorbing one-third, or about $5 trillion. With military spending kept intact, the discretionary cuts would fall entirely on domestic social spending, and programs on the environment, mass transportation, housing and education would see cuts of 30 percent or more.
It was the first time since the Republicans gained a narrow majority in the House in the 2022 elections that so many Republican members have publicly committed themselves to a major cut in Social Security benefits. The RSC made a similar proposal last year; Republicans were in the minority and its recommendations had no prospect of receiving a vote on the House floor.
The RSC dropped a proposal, adopted a year ago, to raise the eligibility age for Medicare from the present 65. But the “blueprint” includes significant measures to promote the privatization of Medicare, an intermediate step towards dismantling the program entirely.
Social Security was established under the “New Deal” Roosevelt administration in 1935. Medicare was established under the Johnson administration in 1965, as the centerpiece of its loudly proclaimed “war on poverty.” The “war” was quickly abandoned by the Democrats, but Medicare has remained as a fixture in the lives of tens of millions of elderly and retired people, many of them entirely dependent on the federal insurance program to assure access to affordable health care.
The RSC proposal would phase in the increased retirement age for full Social Security benefits gradually, adding four months a year until it is age 69 for those turning 62 in the year 2033—the more than 3 million people who were born in 1971. Age 62 will remain the lowest age at which people can take early retirement, but with severely reduced benefits.
The current retirement age is already going up gradually to age 67, a month each year, until 2027. This increase was agreed upon in the bipartisan deal between Democratic House Speaker Tip O’Neill and Republican President Ronald Reagan in 1983, which supposedly “saved” Social Security but only postponed the crisis.
The bourgeois media portrays the “crisis” in Social Security as a purely demographic problem: the elderly are living much longer than envisioned when the program was first established, and changes must be made in eligibility and benefit levels to reflect that. Similar claims were made by French President Emmanuel Macron when he pushed through a two-year increase in the French retirement age, from 62 to 64, against explosive mass resistance among working people that was diverted and suppressed by the trade unions.
In reality, the program is running short of funds primarily because of the ceiling on taxation of the wealthy—who pay Social Security taxes only on the first $160,000 in income, even if they take in millions or even billions in a year. Moreover, Wall Street looks upon the gargantuan amounts still remaining in the Social Security Trust Fund as a source of new investment funding for its parasitic financial operations, while the Pentagon views it hungrily as a potential resource for the military.
The Republican Study Committee proposal is unlikely to pass in the near future because Democrats control the Senate and the White House, and they will seek to demagogically present themselves as the defenders of Social Security in the 2024 elections. But it is highly significant politically, because it puts the question of Social Security cuts, once described as the “third rail” of American politics, squarely on the agenda of future congresses and administrations.
The pattern over many decades is that the Republican Party sets the most right-wing marker on social policy, the Democrats claim to oppose them and to defend the interests the poor, the sick and the elderly. Then the two parties make use of the next crisis—or manufacture one, as in this year’s agreement on the federal debt ceiling—to adopt a “compromise” proposal, taking a giant step in the reactionary direction first indicated by the Republicans.
There have already been a slew of right-wing Democrats, like Senator Joe Manchin of West Virginia, who have indicated their willingness to “consider” changes in Social Security and Medicare eligibility that will devastate millions of retired people.
Biden continues the posture of irreconcilable opposition to changes in Social Security that he adopted in his State of the Union speech, when he charged that Republicans wanted cuts and they vociferously denied it, some interrupting him from the floor of the House of Representatives. But there is no question that if Biden has to choose between funding the war against Russia in Ukraine, and funding full benefits for the elderly, that he will join the Republicans in demanding “sacrifices” from the American people.
Besides enlisting more than three-quarters of all House Republicans, the supposedly “mainstream conservative” RSC includes Majority Leader Steve Scalise, the third-ranking Republican Elise Stefanik, Kay Granger, chair of the Appropriations Committee, and other top House Republicans. (By convention, Speaker Kevin McCarthy does not belong to ideological caucuses.)
The RSC also includes seven of the 11 Republican representatives who participated in last week’s disruption of House functioning. These 11, all members of the far-right House Freedom Caucus, voted against the rule proposed by the Republican leadership to schedule bills for consideration and govern debate for the week. Traditionally, these are party-line votes, and with all Democrats also opposed, the rules failed and the House could not take any action.
The 11 were venting their spleen against the debt-ceiling agreement between McCarthy and Biden, saying the spending cuts provided were too little and claiming that McCarthy could have forced an even bigger surrender by the White House by blocking an increase in the debt ceiling, an action which threatened to trigger a meltdown on Wall Street.
McCarthy met with the 11 on Monday and they agreed to unblock the work of the House in return for unspecified concessions by the Republican leader on bringing up legislation and seeking even more cuts in federal spending.
As part of this process of pushing the House further and further to the right, Appropriations Committee Chair Kay Granger announced Monday evening that most Appropriations subcommittees would receive smaller allocations of spending authority than agreed on in the Biden-McCarthy deal. Money for the Pentagon, the Veterans Administration and the Department of Homeland Security would be unaffected.
For all other programs, instead of freezing spending at 2023 levels, as Biden and McCarthy agreed, the subcommittees would be instructed to hold spending to 2022 levels, cutting another $160 billion. This was the central demand of the Freedom Caucus members, who claimed McCarthy had agreed to that as part of the wheeling and dealing that made possible his election as speaker in January after an unprecedented 15 ballots.
In both capitalist parties, the dynamic is the same: the most right-wing elements drive the policy-making process, because they have the support of the capitalist ruling elite. In the Republican Party, a handful of fascists hold the whip hand over McCarthy.
In the Democratic Party, such figures as Senator Manchin exercise decisive influence. This was shown by the Senate passage of a Republican-sponsored resolution to strike down Biden’s executive action forgiving $400 billion in student loan debt, despite the Democrats holding a 51-49 majority. Manchin, Montana Democrat Jon Tester and Arizona independent ex-Democrat Kyrsten Sinema all voted for the bill, which Biden was compelled to veto Wednesday.
Confidence lags (again) in Biden's economy
20 Imminent Signs The American Society Is Collapsing
As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, globalist financial elites “have had a terrific pandemic” according to a report released Monday.
The world’s 10 richest men have more than doubled their fortunes to $1.9 trillion, at a rate of $1.6 billion a day, over the past 12 months, proving elites have largely been spared the misery and financial ruin inflicted on so many by endless enforced lockdowns.
A confederation of charities that focus on alleviating global poverty, Oxfam said members of the globalist financial elites saw their wealth rose more during the pandemic more than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929.
THE END OF THE AMERICAN MIDDLE CLASSD
TALKS ABOUT THE GUTTED AMERICAN MIDDLE CLASS
Robert F Kennedy Jr: "We need a peaceful revolution"
As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, globalist financial elites “have had a terrific pandemic” according to a report released Monday.
The world’s 10 richest men have more than doubled their fortunes to $1.9 trillion, at a rate of $1.6 billion a day, over the past 12 months, proving elites have largely been spared the misery and financial ruin inflicted on so many by endless enforced lockdowns.
A confederation of charities that focus on alleviating global poverty, Oxfam said members of the globalist financial elites saw their wealth rose more during the pandemic more than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929.
These are some of the main points from Oxfam’s latest report, Inequality Kills, which has been released as global business leaders meet virtually this week for the World Economic Forum (WEF) in Davos, Switzerland.
“We have a situation where 10 men hold more wealth than that of two-thirds of humanity,” Lyn Morgain, chief executive of Oxfam Australia, told Australia’s ABC news outlet.
“Not only that, but that bottom 40 percent are hanging on by a thread.”
The report highlights what the charity says are “unprecedented” levels of global inequality as coronavirus sharpens the divide between “us and them,” the “haves and have nots.”
Jeff Bezos speaks about his flight on Blue Origin’s New Shepard into space during a press conference on July 20, 2021 in Van Horn, Texas. (Joe Raedle/Getty Images)
Meanwhile the likes of Tesla co-founder Elon Musk, Amazon’s Jeff Bezos, and Facebook’s Mark Zuckerberg, enjoyed the greatest year-on-year growth since records began, the report outlined.
At a time when a group of these men were using their riches to rocket into outer space, the charity said, the World Bank had projected that more than 160 million people had been pushed into poverty.
In all, 20 new “pandemic billionaires” have also been created in Asia thanks to the international response to coronavirus, according to the charity.
Forbes listed the world’s 10 richest men as: Tesla and SpaceX chief Elon Musk, Amazon’s Jeff Bezos, Google founders Larry Page and Sergey Brin, Facebook’s Mark Zuckerberg, former Microsoft CEOs Bill Gates and Steve Ballmer, former Oracle CEO Larry Ellison, U.S. investor Warren Buffet and the head of the French luxury group LVMH, Bernard Arnault.
The Oxfam report follows a December 2021 study by the group which found that the share of global wealth of the world’s richest people soared at a record pace during the pandemic.
Analysis: Joe Biden’s ‘Build Back Better’ Would Make the Rich Even Richer
President Joe Biden’s “Build Back Better Act” is set to give a tax cut to about 67 percent of the nation’s richest Americans — those earning more than $885,000 every year.
A new analysis from the Committee for a Responsible Federal Budget reveals that the filibuster-proof reconciliation package will give a tax cut to two-thirds of the top one percent of earners even as the top one percent now hold more wealth than the entire American middle class.
“This is true despite the fact that Build Back Better would raise taxes substantially for the extremely rich (mainly those making over $10 million per year),” the analysis states.
In effect, those in the top one percent would receive an average tax cut of more than $16,000 in 2022 under Biden’s plan. The tax cuts for the wealthy would be a result of the plan’s increasing the State and Local Tax (SALT) deduction cap.
As Breitbart News has reported, the plan amounts to a $625 billion tax cut for the wealthiest of Americans living primarily in blue states.
(Chart via Committee for a Responsible Federal Budget)
“In other words, the largest tax cuts in dollars in Build Back Better would go to households in the top five percent and especially the top one percent,” the analysis continues. “Many make millions of dollars of annual income and tens of millions of dollars in assets.”President Joe Biden’s “Build Back Better Act” is set to give a tax cut to about 67 percent of the nation’s richest Americans — those earning more than $885,000 every year.
A new analysis from the Committee for a Responsible Federal Budget reveals that the filibuster-proof reconciliation package will give a tax cut to two-thirds of the top one percent of earners even as the top one percent now hold more wealth than the entire American middle class.
“This is true despite the fact that Build Back Better would raise taxes substantially for the extremely rich (mainly those making over $10 million per year),” the analysis states.
In effect, those in the top one percent would receive an average tax cut of more than $16,000 in 2022 under Biden’s plan. The tax cuts for the wealthy would be a result of the plan’s increasing the State and Local Tax (SALT) deduction cap.
As Breitbart News has reported, the plan amounts to a $625 billion tax cut for the wealthiest of Americans living primarily in blue states.
“In other words, the largest tax cuts in dollars in Build Back Better would go to households in the top five percent and especially the top one percent,” the analysis continues. “Many make millions of dollars of annual income and tens of millions of dollars in assets.”
At the same time, Biden’s plan would squeeze an extra $200 billion out of American taxpayers by mostly targeting working and middle class earners with more Internal Revenue Services (IRS) audits.
The plan ensures nearly 600,000 more working and middle class Americans earning $75,000 or less a year would be audited by the IRS. Of those new IRS audits, more than 313,000 would target the poorest of Americans who earn $25,000 or less a year.
Biden’s “Build Back Better Act” has already passed the House, thanks entirely to Democrat support, and now awaits scrutiny in the United States Senate.
In 2017, former President Trump had the SALT deduction capped at $10,000. Since then, Democrats have sought to deliver their wealthy, blue state donors with a massive tax cut by eliminating the cap altogether or greatly increasing it.
Biden, for instance, had sought to include tax cuts for his billionaire donors in a Chinese coronavirus relief package earlier this year. The plan was ultimately cut from the package. House Speaker Nancy Pelosi (D-CA), in May 2020, also tried to include the plan in a coronavirus relief package.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
When nations die, they do so with surprising speed. Ernest Hemingway made a similar observation when a person in his novel was asked how he went bankrupt, and his reply was, "Gradually, then suddenly."
Nations are built upon classical values — perseverance, self-reliance, and honor. A great nation is one whose values have made it unusually prosperous. In its latter days, the nation becomes hollowed out and burdened with a costly, top-heavy government. The middle class is expected to provide generosity to the masses. Over time, traditional values fade away, and everyone seeks to live off everyone else.
The United States shows aspects of a once great power past its prime. It is socially and politically divided, aware of the necessity for changes, unable or unwilling to make them, and losing the conviction in the shared goals that earlier invigorated it.
The decay that started gradually decades ago is now metastasizing at warp speed. The United States, ripped apart internally, has become ever less willing and able to lead internationally. The doctrines that built the United States and Western civilization, assimilated from ancient cultures over thousands of years, are being methodically dissolved. America is entering an uncharted, revolutionary time. The foundation of American life, abundant food, energy autonomy, a sound economy, sound education at all levels, and enforceable and equal application of the law, are eroding.
Our society is "fundamentally changing," and these changes are not for the better. Hard-left fanatics have absorbed the Democrat party and are transforming the country with woke and equality-of-result agendas. Prosperity and leisure have misled a complacent society into thinking the modern age no longer needs to worry about law and order.
As we recoil from spontaneous street violence and looting, Americans are coming to learn just how degraded the foundations of their society have become. Criminals walk out with stolen merchandise without fear of the law or even the outrage of witnesses. Defunding the police has discharged a torrent of criminals into the streets. Downgrading felonies, no cash bail, and no jail time are spiking violent crime. Lawlessness has become a political matter where race, ideology, and politics decide how the law will be enforced.
At the border, millions of people enter our country illegally. Joe Biden is shamefully welcoming an unvetted third-world population into our country to dilute and displace native-born Americans. No country can exist without a border, much less allow foreign crime cartels to control it while killing 100,000 citizens with drugs yearly.
The FBI is more likely to go after parents at school board meetings than those threatening the homes of Supreme Court justices. CIA and FBI directors lie under oath without consequence. They mislead the public and deceive Congress with stories of fake dossiers. They contract private news organizations to censor stories they do not like and writers whom they fear. And the IRS is weaponized against political opponents of the Democrats.
Possibly a million homeless people now live on our streets. Our major cities are cesspools of human filth with open sewers, garbage-strewn streets, and drugged out drifters.
Grocery shelves are increasingly bare, and many food items are now beyond people's budgets. Fuel costs are reaching record levels, new cars and homes are unaffordable, and inflation is at a 40-year high. The necessary medicine of high interest rates to bring down inflation is nearly as painful as the inflation itself.
The federal government spends $1.29 for every dollar in tax revenues it receives, and a quarter of IRS revenues are now needed to cover interest payments on the debt. Economic doom, market collapse, and bank runs are not far from people's minds.
China is leading BRICS countries to replace the dollar's standing as the world's reserve currency. Any success they attain will lessen demand for dollars and possibly collapse the dollar's exchange rate.
Moreover, the Chinese Communist Party authorities think they have a chance to bolster their power and change the world order in their favor. Because China's broad geopolitical interests are on the rise, a pressing question is how to check China's ambitions at a time of division and discord in America. China's current foreign policy could not happen without its substantial military forces and three-decades-long economic growth, underwritten by its exports to America.
Sensing American weakness, the CCP may invade Taiwan before Joe Biden leaves office. Are the American people willing to fight over Taiwan or freedom of navigation issues near Chinese-claimed islands? What are we truly ready to fight for? When that happens, are we prepared for economic devastation to the U.S. and the world? Meanwhile, thousands of Chinese sleeper agents are crossing our open southern border to cause mayhem when called upon to do so.
Today's threat arises from a disintegrating world order. More than at any other recent time, many dangerous intersecting events are happening at a time when the United States is unprepared to deal with them.
And it all culminates with the elections in November 2024. Democrats can win only by cheating, and since they did it successfully in 2020, you can expect them to do it again. While some election integrity measures have been increased in some states, almost nothing has been done anywhere to require open-source computer programming code of voting machines so we can be assured they are counting votes correctly. Moreover, nothing has been done to prevent voting machines from being hacked to alter election outcomes. At this point, the left has become brazenly indifferent as to whether anyone even knows of its cheating. Court challenges almost always go the leftists' way.
Regardless of who is declared the winner, there will be unrest. There could be a breakdown in civil order nationwide. If the left loses, leftists will riot and loot in a replay of the 2020 BLM riots. If the right loses, this will be a turning point, as we can't go on being lied to and threatened by the left. Another stolen election will break our country.
The decay that began slowly long ago is now upon us in full force. The only election historically comparable to 2024 was in 1860, and that one was followed by a civil war. We must defend our freedom and our country and protect it with everything we have or lose it all. We must be involved and understand that if we lose the election in 2024, America, as we know it, is over. To save the nation, all constitutionally minded Americans must see the danger and gird themselves for what lies ahead.
Jeff Lukens is a West Point graduate, U.S. Army veteran, and conservative activist. He can be reached at jplukens@hotmail.com.
ONE WILL NOT HEAR THE WORD 'HOMELESS' OUT OF THE LYING BRIBES SUCKING MOUTH OF JOE BIDEN!
The number of foreign nationals holding jobs in the United States has hit the highest level since the Labor Department began tracking the data in 1996 as the employment of native-born Americans declines, a trend under President Joe Biden.
In 2022, foreign-born workers saw their share of the labor market hit the highest level in almost 30 years at more than 18 percent, with close to 30 million now holding U.S. jobs, according to data published in the Wall Street Journal.
Even though it has gone virtually unreported by corporate media, BreitbartNews has extensively documented the Clintons’ longstanding support for “open borders.” Interestingly, as the LosAngelesTimes observed in 2007, the Clinton’s praise for globalization and open borders frequently comes when they are speaking before a wealthy foreign audiences and donors.
How Elites Will Create a New Class of Slaves | Whitney Webb |
Nearly a quarter of a million people 55 or older are estimated by the government to have been homeless for at least part of 2019.
According to the Washington Post, “People 55 and older represented 16.5 percent of America’s homeless population of 1.45 million in 2019, according to the most recent reliable data.”
According to a 2022 University of Pennsylvania Study by Rebecca Brown, an Assistant Professor of Medicine in the Division of Geriatric Medicine at the Perelman School of Medicine, and several coauthors from the University of California San Francisco, over one-third of the homeless population are now single adults over 50, triple the figure in 1990 when it stood at 11 percent.
The government makes little effort to count the homeless. The Department of Housing and Urban Development, the only federal source of information on homelessness disaggregated by age, delayed its release of the second part of their Annual Homeless Assessment Report to Congress by two years, making it difficult to get an idea of the scale of homelessness among the elderly in real time.
The latest information on homelessness with respect to the elderly is from 2019, though advocates of the homeless have noted that there is evidence that it is growing, pointing to numerous examples.
The largest shelter provider in Arizona, Central Arizona Shelter Services (CASS), is rushing to open an over-55 shelter in a former Phoenix hotel this summer with “private rooms and medical and social services tailored for older people.” The provider says that it served 1,717 elderly in 2022, a 43 percent increase compared to 2021.
In Orange County, California, a Medicaid plan, CalOptima Health, is creating a 119-bed shelter which will serve as an assisted-living facility for the elderly, according to Kelly Bruno-Nelson, executive director for the plan. Bruno-Nelson stated that the current shelter system “cannot accommodate the physical needs of this population.” Seniors are staying in respite centers for months in San Francisco, California, Portland, Oregon, and Anchorage, Alaska, that were intended for a short-term stay only. In Boise, Idaho, shelter operators are hiring staff with backgrounds in long-term care to help elderly homeless living for long periods in hotels.
“It’s just a catastrophe. This is the fastest-growing group of people who are homeless,” said Dr. Margot Kushel, a professor of medicine and vulnerable populations researcher at the University of California at San Francisco.
Elderly homeless contract chronic diseases much earlier than younger people, as well as suffering from geriatric problems. Poor access to care due to homelessness, and the threat of having their medications stolen or going bad outside, stress from having to weather the outdoors, as well as generally unsanitary conditions, and the difficulties created by the anti-homeless laws being passed around the country, all contribute to poor health outcomes.
A Journal of the American Medical Association study titled, “Factors Associated With Mortality Among Homeless Older Adults in California: The HOPE HOME Study,” detailed how, over an average of 55 months, unhoused people over 50 years died at a rate 3.5 times greater than their housed counterparts. The findings are consistent with previous studies in other parts of the country.
Dennis Culhane, a professor and social science researcher at the University of Pennsylvania, said that the population of homeless seniors 65 and older would double or even triple from 2017 before peaking around 2030.
This increase is driven by poverty. One half of renters over 50 spend more than 30 percent of their household income on rent, according to the Joint Center for Housing Studies of Harvard University.
As the American Society on Aging Generations journal noted, “Low-income people who spend more than 30 percent of their income on rent are unable to save money, leaving them vulnerable to losing their housing when they face setbacks, such as a job loss, sickness, or death of a spouse or partner.”
In other words, homelessness is a class issue. The financial elite that both parties represent, and the upper middle class have no reason to worry about becoming homeless. The workers on the other hand, such as the homeless former autoworker that the Post interviewed, are the ones which this malady overwhelmingly affects.
overty, combined with the bipartisan destruction of the social safety net, spiraling inflation driven by profit-gouging (not wages) and the US-provoked war with Russia, as well as extortionary rent, are leading to thousands of the elderly being kicked out onto the streets.
The ruling class has no response to the increase in homelessness among the elderly. Indeed, hardly any media coverage is to be found on the topic. As it doesn’t fit into the categories of race or gender, the Democratic Party wing of the political establishment finds it more convenient to merely remain quiet on the topic.
The plans to attack Medicare and Social Security under the phony pretense of fighting debt, while dumping literally over a trillion dollars into American imperialism’s war machine—not to mention the nearly unlimited bailouts sunk into the pockets of the financial elite—shows the real disdain for the elderly.
If anything, the response given by the ruling elite is to step up the attacks on the elderly, foster reactionary sentiments against them (as a burden to society and the young), and ultimately to reduce life expectancy.
The corporate media has railed against the elderly, endorsing dying early. This was visible in the campaign for the pro-corporate health plan Obamacare (the Affordable Care Act) in which the New York Times spearheaded this narrative. The result of Obamacare was to contribute to a decrease in life expectancy. One of the chief architects of Obamacare, Dr. Ezekiel Emanuel, openly advocated for a reduction in life expectancy.
The aim of the ruling class is to extract as much profit from workers as possible while they are of working age and then for them to die quickly so they don’t subtract from profits and funds for warfare. Putting the elderly out on the streets will contribute to a higher mortality rate. It is another indication of the bankruptcy of capitalism that it is not just incapable of preserving life for the elderly, but actively hostile to it.
The Greatest Retirement Crisis In US History Is A Looming Catastrophe For 47 Million Americans
The greatest retirement crisis in U.S. history has already begun, and official agencies are warning about the looming catastrophe that is about to hit older Americans. Without enough savings or assets, 80% of households with older adults are at risk of falling into economic insecurity as they age. But don’t be mistaken -- the impact on younger generations will be just as disastrous, they say. With seniors staying longer in the workforce to be able to make ends meet, younger workers are losing precious opportunities to advance their careers and start saving for retirement, too. A new analysis by Fidelity Investments exposes that this snowballing crisis is going to lower everyone’s standard of living over the next few years and continue to widen the inequality gap that is leaving each generation a little poorer than the one before. According to Ronald P. O'Hanley, the firm’s president of asset management and corporate services, millions of older Americans are now headed for destitute financial futures and old ages spent in poverty. "I'm not sure what would be worse," he continued, "millions of elderly unable to house and feed themselves, or the intergenerational strife that surely would erupt if young people are forced to lower their standard of living to pay for our failure to act in a timely manner to avert this crisis." Fidelity data shows that today, 40% of retiree households do not have sufficient income to cover their monthly expenses, O'Hanley said. "Well over half of all Americans have less than $25,000 in total savings, not counting the value of their primary residence or pension plans. And 28 percent have put aside less than $1,000." A recent survey from the American Advisors Group detailed that 47% of seniors rated the conditions of their retirement savings as poor and 44% said they had not saved enough to retire comfortably. At the same time, 62% of adult children are worried that the cost of living crisis is impacting their parent's retirement savings, with many (35%) worried they'll have to help their senior parents financially. Amid this anxiety over whether their parents will have enough retirement savings, a growing number of adults are planning about using their parents' home equity as a financial solution, the survey said. However, only 18% of those 62 and older would benefit from using their home equity to pay for long-term care and other expenses, should the need arise. The remaining 82% may actually not have enough home equity to cover these costs due to the ongoing correction in housing prices and the economic recession that is upon us. For that very reason, about a third of Americans over traditional retirement age, between 65 and 74, are expected to be still working in 2030. The increase in older workers staying on their jobs is causing concerns amongst business owners, too because employers have been expecting their expensive older workers to retire which would open senior-level jobs for younger workers looking to advance their careers. In other words, the current retirement crisis is reaching such alarming proportions that other generations are missing key opportunities to become financially independent, debt-free, and able to build wealth to afford their own retirements when the time arrives. This is going to create major distortions in our economy and continue to impoverish younger Americans, who may never enjoy the same standard of living their parents and grandparents once had. At the end of the day, this crisis is going to impact each and every one of us as it erodes our quality of life and delays our collective growth.
DeSANTIS VOWS TO PUSH THE MEXICAN DRUG CARTELS OUT OF AMERICA'S UNDEFENDED BORDER
Ron DeSantis: The FBI and DOJ have been weaponized against Americans
A flooded labor market from mass immigration has had a devastating impact on working- and middle-class Americans, while redistributing billions in wealth to the top one percent of earners and big business. While creating an economy that tilts in favor of employers, the mass immigration economic model has helped keep wages stagnant for decades. JOHN BINDER