Bankruptcy 1995: The Coming Collapse of America and How to Stop It
a book by Harry E. Figgie and Gerald J. Swanson
(our site's book review)
A clear warning that the irresponsibility in Washington with regards to deficit spending will have disastrous financial consequences on the Baby Boomers and those that follow. They predict an economic nightmare worse than the great depression where a few rich people get richer but most people become poor via hyperinflation and/or inability to deal with the national debt.
Endless wealth: the rich people get richer
The little guy gets screwed—and poorer
U.S. neocons' imperialism and warmongering is out of control yet the Congress tasked with stopping such abuses is mute—something smells rotten in Washington! The game is rigged. Bailouts? The biggest companies got help while the little guy got the finger.
That was written in 1995. The good news is that we didn't collapse. The bad news is that political, corporate and economic morality, judgment, and sense seems to have collapsed, and our democracy is now an oligarchy and our national debt has run wild and many believe the greedy and corrupt have pushed America beyond the point of no return. Oligarchy will soon turn into Feudalism. (The markets crashed in 2008 and somehow the U.S. did not go bankrupt—but the debt skyrocketed and the bailouts sickened an already sickened public.) See Who Will Tell The People?: The Betrayal Of American Democracy. (See The US is an oligarchy, study concludes.)
Feudalism: serfs carry royalty
Unless American citizens start defecating money, the debt has put us all in deep doo-doo
The warmongering neocon elites' policies of unafordable empire building have led to actions that threaten to break the army and bankrupt the treasury; we citizens object, but no one listens—welcome to the rise of the Corporate Security State