Getting poorer

I read, as often as possible, the DailyKos. As a liberal I find many great diaries there. Today I found one that offers proof of my long held conviction that the "Middle-class" of this country is being eliminated. Here is the link and an excerpt.. see for yourself. http://www.dailykos.com/story/2010/2/22/839516/-Junk-economics-and-the-rape-of-the-middle-class

Junk economics and the rape of the middle class

by gjohnsit [Subscribe]

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Mon Feb 22, 2010 at 09:04:04 AM PST

"Behind every great fortune lies a great crime."
- Balzac

Capitalism hasn't failed. What has failed is the economic system in place today.
No amount of government taxes, trade barriers, or regulation caused it to fail.
No investigative reporter, or congressional oversight committee, or regulatory watchdog, exposed the massive fraud and corruption in the financial system today. All of the safeguards put in place to protect the public, and the current system from itself, failed.
The global financial crisis came to light because what amounts to a falling out amongst thieves. They simply stopped trusting the ability of each other to pay their debts. Once lending stopped, credit creation froze, and the Ponzi-scheme that parallels our financial system broke down.

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This so-called "Great Recession" isn't cyclical, it's secular and the problems are systemic. We didn't get here by accident. Choices were made by very wealthy and powerful people, thus those choices can be reversed.
It's important to understand that we aren't fighting Adam Smith's Invisible Hand. We are fighting against the Money Trust.

"We must break the Money Trust or the Money Trust will break us." - Louis D. Brandeis, 1913

The first thing that one must acknowledge is that we have just witnessed one of the most massive transfers of wealth, from the poor to the rich, in mankind's history. This enormous theft now threatens the very existence of the middle class in America. David DeGraw does an excellent job of adding it all up. Here are a few highlights:

50 million Americans now live in poverty
Half of all American children will need foodstamps at some point in their lives
Hunger rates are now at all-time highs
50 million citizens are now without health care
1.4 million filed for bankruptcy last year, 60% of them because of medical bills
13 million are expected to lose their homes before the crisis is over
Meanwhile, we incarcerate more people in the world than any other nation, and a new prison opens somewhere in America every week.

Read the rest - it's worth your time.