The Path to Destruction
The facts are clear…
…6 million homes are delinquent on their mortgages or in foreclosure. We can thank banks—central, investment and commercial alike—that securitized risky collateralized debt obligations (CDOs).…$1.2 trillion is spent on the National Security State each year. Add that up since the Bush administration, and you can easily see why we have $15.5 trillion in visible debt.…12.8 million Americans are unemployed today, with the unemployment rate holding steady at 8.3%—depression-era levels.…One out of seven Americans is on food stamps—that’s 46 million people! But contrary to Newt Gingrich calling Obama the "food stamp president," more Americans were added to the food stamp rolls under Bush.
