“Around the Nation: The Real Unemployment Rate….If you think unemployment is hovering at 9.5 percent, think again. According to a CBS "60 Minutes" report, factoring in underemployed workers -- those working but at less than their full capacity -- causes the actual rate to jump to 17 percent nationwide. It's 22 percent in California, the nation's largest state. CBS Reporter Scott Pelley interviewed one fiber-optics engineering manager who searched for work for over a year before finally finding a job -- working part-time at Target. This situation is not uncommon. Pelley notes that fully 20 percent of the unemployed hold college degrees, and many hold advanced degrees. Additionally, one-third of those unemployed have been without work for more than a year -- the greatest percentage since the Great Depression.”
That's just the start, though. Say good-bye to mortgage-interest deductions, among many other tax write-offs that have been taken for granted for the last half-century. They will say, "Oh no, we're not raising your taxes -- we're just getting rid of all those write-offs." Also say good-bye to national security . Likely topping the commission's list will be a host of major cuts to defense spending. After all, it's not like America's at war or anything. And, if you are a retired Veteran on Social Security , Medicare, maybe food stamps, Winter heating aid, well, just spread your legs and slowly bend over my friends. Uncle Sam has a big stiff one and its pointed right at you. Dry, or lubed, you’re getting the full nine yards. This may be “busy season” for old Dr. Kevorkian, if he can afford the drugs. But, look at the bright side. China owns 1/3 of our Nation; we’re actually in a Depression; we’re looking more and more like a third-world country; we have no manufacturing base; our agricultural base is owned lock, stock, and barrel by the “super rich”. We don’t have an Energy Policy; hell, we don’t have any Energy. We’ve got two wars ongoing that we can’t pay for, and our Government is about to start printing money to stir the Economy. What could possibly go wrong?