My advice: Stop spending. Start saving. Expect worse. Work for the best.
Help is not on the way from either Left or Right. You must create your own job. The time is yesterday to evaluate your skillset.
Bill4DogCatcher.com’s outlook is that 2012 will be 2011, only worse.
Everyone wants everyone else to pay for what they themselves do not want to pay for. Yet so much is owed that it just about doesn’t matter if you or I both pay more, unless quite a bit more // the flip side is that we are mostly in this pickle because we went along with tax cuts, cheap Chinese products and all of those added benefits without a second thought — back when we had the luxury of having a second thought.
2010: 2.9 million home foreclosures. Approximately 12,000,000 changed their way of life.
2011: On par with 2010 but foreclosures are up about 30% since August 2011.
2012: 2011 continued + federal meltdown. All are to blame and it will take sacrifice by all to fix it. If you want it then it needs to be paid for.
JOBS, JOBS, JOBS
Don’t look for more in 2012. Or not enough to break through our population growth level.
The jobless numbers may get better as a percentage but that is because we are no longer counting the majority of the newly jobless from 2008-2010.
Look for the raw number of Americans employed to hover around 134,000,000 on a good day for the next few years. In 2000 we had 132 million employed and by 2010 that raw number had dropped to 130 million despite 30 million new souls added among us.
2010: 75% of those jobless got some form of unemployment assistance.
2011: 48% get some form of unemployment aid; you have a lifetime limit of 99 weeks.
2012: The raw number of those employed seems to have plateaued. We are not losing jobs but neither are we gaining jobs. Population growth requires that at least 125-150,000 jobs be created monthly. Ain’t happening. WON’T HAPPEN. Technologic advances are not slowing and the truth is that much of what is still done by people with jobs now could be further automated and refined (i.e. humans no longer needed). It will be too.
So what to do? It will take a lot more thinking than just taxing the rich or telling the screwed: eat cake.