A single mother with 53K in student loans, no assets, savings or insurance, I just lost my 3rd job in 3 years, and at 52 years old, am considered overqualified for the jobs being offered and cannot find employment at my age in my degree field - and don’t you DARE tell me you can’t live on 400K when I could manage to live with everything my son and I need on 30K! I am the 99%. Occupy Wall Street.
Most of the people who will be writing, speaking and pontificating about the disorder this weekend have absolutely no idea what it is like to grow up in a community where there are no jobs, no space to live or move, and the police are on the streets stopping-and-searching you as you come home from school. The people who do will be waking up this week in the sure and certain knowledge that after decades of being ignored and marginalised and harassed by the police, after months of not seeing any conceivable hope of a better future confiscated, they are finally on the news. In one NBC report, a young man in Tottenham was asked if rioting really achieved anything:
"Yes," said the young man. "You wouldn't be talking to me now if we didn't riot, would you?
Two months ago we marched to Scotland Yard, more than 2,000 of us, all blacks, and it was peaceful and calm and you know what? Not a word in the press. Last night, a bit of rioting and looting and look around you."
Eavesdropping from among the onlookers, I looked around. A dozen TV crews and newspaper reporters interviewing the young men everywhere.
There are communities all over the country that nobody paid attention to unless there had recently been a riot or a murdered child. Well, they're paying attention now.
I laugh to stop from crying.
The first graph shows the difference between budget projections and budget reality. In 2001, President George W. Bush inherited a surplus, with projections by the Congressional Budget Office for ever-increasing surpluses, assuming continuation of the good economy and President Bill Clinton’s policies. But every year starting in 2002, the budget fell into deficit. In January 2009, just before President Obama took office, the budget office projected a $1.2 trillion deficit for 2009 and deficits in subsequent years, based on continuing Mr. Bush’s policies and the effects of recession. Mr. Obama’s policies in 2009 and 2010, including the stimulus package, added to the deficits in those years but are largely temporary.