Spooky Economy

There are two ways to conquer and enslave a nation.  One is by the sword. The other is by debt.  - John Adams, 1735-1826

Spooky Economy Declares Support for the American "Occupy" Movements

Since it's founding, we have dedicated this site to identifying and praising American heroes who have risked their careers to alert citizens of the perilous condition of our economy. Americans would take great pride in the individuals listed on the heroes page of this site.

After events of the past month, it is clear that it is not just the treasured few politicians and government officials who will help guide our country through our future. Our young people have taken up the cause, and rightly so. They will inherit this country and a future that has been damaged.

Our young live with the reality that the student loans they are supposed to take on are effectively a "capture" of their future. Youth unemployment remains very high. And they see that our economy is an inexorable decline due to a generation of poor stewardship and a continued failure to prosecute identified frauds against this country's financial system.

They see only a future of challenges and of possible national bankruptcy. Can they be blamed for their concern and frustration? Look what we are leaving them.

These young people are doing the only things they know how to do. They are making noise, spouting ideas and demanding attention.

They are calling out for help.

Shouldn't we, the generation responsible, be helping them figure out what they really need? Shouldn't we asking them how we can help?

In recognition of their rightful place in our political discourse and their spirited engagement, Spooky Economy declares it's support for the young people of our country.

We encourage them to act wisely and prudently. Their responsibility is great. We encourage older Americans to view their efforts with wisdom and understanding, if not support.

Dylan Ratigan, The American Middle Class' Only Reporter

MSNBC reporter, Dylan Ratigan is extraordinarily knowledgeable in his understanding of our recent economic history, unlike most of the anchors and guests on other programs and networks. His program has maintained a level of analysis, reporting and professionalism that used to be common many decades ago. Most helpfully, his program often focuses on matters that are relevant to the American middle class.

In this video, he becomes uncharacteristically passionate. He explains his frustration at the lack of effort and focus in addressing the true causes of the increasingly grave condition of the U.S. economy and it's citizens.

The video below is from August 9, 2011

We have not been able to find other commentators or reporters on television with his level of knowledge, concern and passion. Please contact us if you know of others.

U.S. Debt Crisis whistle-blower should be consulted

David M. Walker, U.S. Comptroller General from 1998 to 2008, has spent years trying to warn us and our politicians that the debt crisis was coming to our country. As the chief accountant for the nation, he has been in the best position to understand the gravity of the situtation. He has spoken to anyone who would listen. Now, at the very time his warning are coming true, he is receiving almost no press coverage. How can this be?

The video below is from March 4, 2007

Washington is talking about making a 1% cut from our multi-trillion dollar budget. Do you think that will steady our economy?

Contact your congressman now and tell them that Walker should be given a prominent role in explaining what has happened and what should be done.

One of the tests of leadership is the ability to recognize a problem before it becomes an emergency.-- Arnold H. Glasow

A Quote To Remember...

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. –Senator Barack H. Obama, March 2006

At the time this spoken, these words showed a real understanding of the problems facing our country. Today, five years later, we are facing the very real possibility that our children's future has been damaged. Let us hope that our president can rise above the confusion and focus on what he knew to be true back back in March of 2006.

Contact our president and ask him to consult those who saw this coming, not those who have a vested interest in maintaining our path to debt.

International Monetary Fund: The Age of America Is Near It's End

Few Americans are aware that the global organization that oversees the world's financial systems gave 2016 as the year that China will surpass the United States economy. According to Market Watch, "Both [the United States and Great Britain] live under very similar rules for civil liberties and the rights of property. China has none of those. The Age of China will feel very different."

Read more at IMF bombshell: Age of America nears end

U.S. Spending for Budget Year 2010-2011

Congress worked out a deal where they will cut $38 billion from our $3.4 trillion of spending. That works out to about 1%. But the Congressional Budget Office took a look and said it really works out to just $352 million in cuts. That's only about a 0.01% cut.

Looking at the debt counter, it looks like it changes at $50,000 per second. That means that the savings will be about 2 hours worth - about the time it took me to create the pie chart below.

Budget Year 2010-2011 Spending

Read more at CBO: Budget deal cuts this fiscal year’s deficit by just $352 million, not $38 billion touted

Top 15 Countries in Military Spending

Budget Year 2010-2011 Spending

The Cost of the Iraq and Afghanistan Wars

Almost $1.2 trillion... Please visit http://costofwar.com for information on how much these wars have cost your state.


Revised September 5, 2011

This is my opinion. It's a work in progress. I hope it's helpful.

© 2011 Spooky Economy. All rights reserved.