by Ted Nugent
Sadly, there isn’t much to celebrate about Labor Day this year.
With unemployment hovering near 10% and real unemployment around 15%, many fellow Americans are laboring to find a job. With the job market so bleak, some Americans have actually quit looking. That doesn’t even register with me.
Many other Americans are underemployed while many others are worried about keeping their job. Many of the good jobs Americans once had are gone for good.
The economy is in shambles, possibly bordering on a depression. Some economists are saying we have not even seen the worst of it yet. Some even claim America is just a few years away from a financial meltdown similar to what happened to Greece.
Home sales are down. Same with commercial real estate. The stock market is sliding south. The national debt is over $12 trillion and growing. Medicare, Medicaid and Social Security are nearing financial insolvency. Almost everything we buy is made in some other country.
States and cities all across America are also on the verge of going bankrupt. Unionized public employees with their sweet-heart deals at taxpayer expense is one of the significant reasons why some cities and states are in such dire financial conditions.
Unionized public employees have better deals than the taxpayers who are funding them. Federal employees make twice as much as their private sector peers. This is all beyond bizzarro.
The question we all need to ask is: What went so terribly wrong?
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