US Economy

The US economy worked best between 1945 and 2000, when we had an abundance of manufacturing jobs in the US. 

From 1945 to 1980, most of our minimum wage jobs were occupied by students working part-time and summers. Students learned to work and work provided welcome relief from burn-out from studies. It also provided money for students to pay their own expenses. More students lived at home and commuted to local colleges from home.  Few students lived on campus.  Student loans were generally unnecessary.

Excessive welfare immigration resulted in a near eradication of student part-time and summer employment. Most minimum wage jobs were taken over by Illegals, refugees, welfare migrants and adult minorities. Students shifted to an entitlement mentality that would assure their failure to become self-supporting. College curricula became propagandized and watered down in the 1970s and non-technical degrees became useless to many students who chose non-occupational majors.

Debt began to rise with students, individuals, families, corporations and government after 1990. Household Debt doubled from 1980 to 2010. The 2008 mortgage Meltdown caused by anti-discrimination laws created a near collapse of the US economy from 2009 to 2016. US Household Debt is currently $13.5 trillion. Federal government Debt is $22 trillion. State and Local government Debt is over $6 trillion.

Unfunded government liabilities are $124 trillion.

The US is at a point where individual and household debt needs to be reduced. Spending cuts are in order, so that more of our income can be used to pay off debt.

There are several metrics to measure economies including Nominal GDP, Population, Nominal Per Capita GDP, Government Spending and Debt.

Norb Leahy, Dunwoody GA Tea Party Leader