Viglinks

Showing posts with label US economy. Show all posts
Showing posts with label US economy. Show all posts

Friday, April 24, 2015

America a Land of Milk and Honey? No Longer


 Most people all over the world feel that the best place to live in the world is America. Even when I have gone abroad, most of the people I have interacted have a desire to go to the USA. In my own backyard, Punjab thousands of Sikhs and Punjabis are making a bee line for America. People feel that there is minimal poverty in America and it is mostly a land of milk and honey.

 But now, I have during my last visit observed a subtle change. Perhaps the analogy with milk and honey is of the past. I have observed and this is corroborated by my American friends that things have changed dramatically since the turn of this century. How is that? Figures and statistics do not lie Not many may be aware that fully 25 percent of Americans, since tax policies favoring the very rich have been put in place and the economy has tanked, live at or below the poverty line. Of course the poverty line is not like in India where Montek Singh that ludicrous economist and government tout has come up with a figure if Rs 28 per day. But American poverty is real as far as America is concerned and over 75 million people are affected


  In addition over fifty million Americans are without health insurance. This is a colossal figure and America must be the only developed country in the world without free, single-payer (government paid) health insurance.

 Twenty-one percent of all children in America are on food stamps, with the number climbing daily. American civil liberties have been severely stripped with the passage of the Patriot Act and now the National Security Defense Act. For all intents and purposes the Fourth Amendment of the United States Constitution, which protects American citizens from unreasonable search and seizure, has been repealed.

 We will have to think twice about America being a land of Milk and Honey The honey seems to have gone and I wonder whether the downslide has begun .

Tuesday, October 8, 2013

Does The Shutdown in America Signal the end of an Empire?

The US is embroiled in a partisan struggle between the Democrats and the Republicans. The result is that the Government is in the shut down mode. Many government posts and workers are sent on furlough without pay and some services are also shut down. This is not a laughing matter when a 17 trillion budget deficit and debt is also added. What of the future ? The fact is that all historical empires last for a time and then decay sets in. The same thing happened to the Roman empire, The Ottoman empire, The Mughal Empire and the British empire. All empires follow a distribution curve with a graph at the apogee and a start and finish at zero.
This is happening to the USA as well. Only this empire has barely lasted a hundred years.Perhaps the US empire would have lasted much longer if more sagacious men had been at the helm of affairs. Unfortunately the men who climbed atop the US Presidency were men of very short intellectual status and unleashed global wars that sapped the US economy. These global wars could have entirely been avoided, but then it requires a great statesman to realize it. The US Presidents were alas of not that caliber. I can't think if a great president after Roosevelt.
This shutdown is really a manifestation of a disease of self destruction. The reason Obama care is again too trivial to merit this. There is a saying in the Vedas which says that those whom the Gods wish to destroy, they first make them mad. This is sheer madness that is happening. God save America.