Bears Stearns got bailout, but US states that are
practically broke are not bailed out
Bankruptcies
Companies routinely file for chapter eleven
bankruptcy
Even entire sectors, for instance travel, are in
serious peril
Budget Deficit
Collapsing Tax Base
Service sector jobs not paying as well as
manufacturing jobs
Speculation in financial derivatives is not taxed
at all, thereby increasing the tax burden on legitimate business
Baby boomers on the verge of retirement will earn
a fraction of what they were making when they were in their prime
earning years, thereby contributing far less in taxes
Currency Devaluation
Financial Speculation
Inflation
Education
Energy
Food
Infrastructure Not Maintained or
Replaced Adequately
Bridges far outliving their expected lifetime
Locks around Louisville not maintained
Minnesota bridge collapse
Potholes shooting out daily around the country
Water treatment systems built 60 years ago in
need of replacement
Job Outsourcing and Unemployment
Time that people can receive their eligible
unemployment benefits is reduced
People who are outside the time frame for
unemployment benefits are counted as having "left the workforce"
People who are underemployed counted in exactly
the same way that someone working three jobs is counted
National Savings Rate
Baby boomers have almost no savings
Personal Indebtedness
Post Industrial Drift
Casinos and Legalized Gambling
Dow Jones Industrial Average Not Very Industrial
Manufacturing Jobs Leaving United States
Service Sector, Call Centers
Skilled Labor Shortages
Retiring baby boomers will lower the size of US
workforce, mandating increased immigration to close the gap
Shortages in health care, especially in nursing,
but also specialists
