You Know That Your City Has Become a Hellhole When….
All across America there are cities and towns that were once prosperous and beautiful that are being transformed into absolute hellholes. The scars left by the long-term economic decline of the United States are getting deeper and more gruesome. The tax base in many areas of the nation has been absolutely devastated as millions of jobs have left this country. Hundreds of cities are drowning in debt and are desperately trying to survive. Last year, city government revenues in the United States fell by another 2.3 percent. That was the fifth year in a row that we have seen a decline. Meanwhile, costs associated with health care, pensions and virtually everything else continue to explode. So what are cities doing to make ends meet? Well, one big trend that we are now witnessing is that many U.S. cities have been getting rid of huge numbers of employees. If you can believe it, 72 percent of all U.S. cities are laying workers off this year. Social services and essential infrastructure programs are also being savagely cut back in many areas of the country. The cold, hard truth is that most of our cities are flat broke and things are going to get even worse in the years ahead. So how do you know if your own city has become a hellhole? Well, a few potential "red flags" are posted below.... You know that your city has become a hellhole when most of the street lights get repossessed because of unpaid electric bills. You know that your city has become a hellhole when it announces that it will no longer prosecute domestic violence cases in order to save money. You know that your city has become a hellhole when it simply stops sending out pension checks to retired workers. You know that your city has become a hellhole when it rips up asphalt roads and replaces them with gravel because gravel is cheaper to maintain.
You know that your city has become a hellhole when it eliminates the entire public bus system. You know that your city has become a hellhole when nearly half of all the people living there can't read. You know that your city has become a hellhole when one out of every ten homes sells for under $10,000. You know that your city has become a hellhole when you can literally buy a house for one dollar. You know that your city has become a hellhole when you have hundreds of people living in the tunnels underneath your streets. You know that your city has become a hellhole when three of your past five mayors have been sent to prison for corruption. You know that your city has become a hellhole when nearly half of the public schools in the city get shut down because of a lack of money. You know that your city has become a hellhole when you have dozens of young people rampaging in the streets that are thirsty for revenge and that are armed with bats, pipes and guns. You know that your city has become a hellhole when it is considered to be one of the 10 most dangerous cities in the world.
You know that your city has become a hellhole when thieves defecate in the back seat after they have broken into your car and taken your things. You know that your city has become a hellhole when prostitution and drug dealing are two of the only viable businesses that remain in the city. You know that your city has become a hellhole when the police chief announces that the police department will no longer respond to calls about burglary and identity theft due to very deep budget cuts. Many of the examples above may seem humorous at first glance, but the truth is that they reveal just how deeply tragic our economic decline really is. This is one of the reasons why I write about our trade deficit over and over and over. Every single month, tens of billions of dollars more wealth goes out of the United States than enters it. Every single month, we are getting poorer as a nation. Every single month, we lose more jobs and businesses. Any politician that tells you that he or she can solve our economic problems without fundamentally addressing our horrific trade imbalance is lying to you. That means that there are a whole lot of liars in both political parties. If the number of good jobs continues to decline, the plight of the average American family is going to continue to get worse. Home sales will continue to hover around record lows. The American people will continue to become increasingly frustrated with the economy. The signs of decline are all around us. Quit listening to the politicians and just open up your eyes and look. Reprinted with permission from the Economic Collapse Blog. October 13, 2011 Copyright © 2011 Economic Collapse Blog
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