In Illinois
Dec. 19th, 2010 07:50 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
sathorState Police have begun being turned away from gas stations because their state credit cards were rejected. Illinois is apparently the state with the highest amount of debt, of all American states, but they are all facing a significant problem in the coming twelve months. They are estimating millions of public sector jobs lost, and pensions ceasing to exist. The municipal bond market may fall apart (and they say this is where a lot of retirement fund money is being stored and invested.)
All the while, there's a growing section of super-rich in this country that controls significant portions (over 80%) of all wealth. Curiously, this subject continues to evade the media spotlight, just as the fact wages have either declined or stagnated starting from the early 70s to the present day is only given passing mention - usually on publicly-funded television and radio.
But tonight they ran a special on sixty minutes discussing this massive state debt problem. States can no longer borrow money...their credit scores are destroyed...and they are going to enter a time when they can only use what they collect in taxes.
If this situation worsens, I can guarantee you will see eventually - especially when the middle and upper middle classes begin to get squeezed significantly (especially those working in the media, news and entertainment industry) - their anger begin to focus on the real culprits. The banking industry, the super-rich, the corporate interests, and the politicians that pander to them.
There is no real excuse for this situation, besides too much money being lended at too high of interest rates, and too much money sitting idly in the pockets of the super rich. It will come to a beautiful tragedy, that may even be the herald of a new era of EQUALITY.
What truly frightened me tonight is the mention of state-facilities being sold to corporations, and then leased or rented back to the state. This is a turning point in our history. This is, exactly as I foresaw it, the beginning of CORPORATE RULE over the people. It has existed behind closed doors for a long, long time...obvious only to a keen eye and to those who notice the continual kneeling of politicians to corporations...but now that it is entering more into visibility, I am fearful of the consequences.
All the while, there's a growing section of super-rich in this country that controls significant portions (over 80%) of all wealth. Curiously, this subject continues to evade the media spotlight, just as the fact wages have either declined or stagnated starting from the early 70s to the present day is only given passing mention - usually on publicly-funded television and radio.
But tonight they ran a special on sixty minutes discussing this massive state debt problem. States can no longer borrow money...their credit scores are destroyed...and they are going to enter a time when they can only use what they collect in taxes.
If this situation worsens, I can guarantee you will see eventually - especially when the middle and upper middle classes begin to get squeezed significantly (especially those working in the media, news and entertainment industry) - their anger begin to focus on the real culprits. The banking industry, the super-rich, the corporate interests, and the politicians that pander to them.
There is no real excuse for this situation, besides too much money being lended at too high of interest rates, and too much money sitting idly in the pockets of the super rich. It will come to a beautiful tragedy, that may even be the herald of a new era of EQUALITY.
What truly frightened me tonight is the mention of state-facilities being sold to corporations, and then leased or rented back to the state. This is a turning point in our history. This is, exactly as I foresaw it, the beginning of CORPORATE RULE over the people. It has existed behind closed doors for a long, long time...obvious only to a keen eye and to those who notice the continual kneeling of politicians to corporations...but now that it is entering more into visibility, I am fearful of the consequences.
