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Sunday, January 30, 2011

Margaret Thatcher was right

The politicians have run out of the middle class's money after spending it all on the bankers, the immigrants, and the poor... who, it occurs to me, can be described more succinctly as "the non-working class":
I watch countless news stories about people who are criminals (illegal aliens, felons) liars, cheats, or just stupid getting help with their mortgage loans because they “need it”. And people getting free medical services because they “need it”. And people declaring bankruptcy because it’s just too hard to pay the bills, they “need to”. All the while I see my government crushing people like me–expecting us to just keep doing, just keep paying, just keep being responsible in order to make up for all of those people who were not.
The American middle class is on the verge of collapse, at which point it will almost certainly revolt in some manner. It will likely be less spectacular than the burning buildings in Cairo, but there is no way that the confluence of collapsing bubbles in real estate and education are not going to have a significant effect on middle class behavior once it becomes sufficiently obvious to everyone how they have been played for suckers and financially raped by the banks with the full connivance of the state and federal governments. The middle class revolt is going to start with a refusal to continue paying its debts for mortgages, credit cards, and college degrees. As for where it's going to end, who can say?

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