Fumento outlines real problems that aren’t being solved.

*Drastic action is required now, nay yesterday, to start bringing expenditures in line with income. About half our government spending is fueled by borrowing, and that spending accounts for a fourth of GDP. Without borrowing, then, our GDP would drop 12 percent or more – well into depression range.
*Entitlement spending, that which requires no new legislation, is en route to consuming all tax revenue.
*Excluding the very top earners, household incomes have been declining for a decade.
*The real employment level has been trending downward since the mid-1980s. Unemployment for a year or more, the kind that just sucks the heart and soul out of people, is about double what it was in late 2009 – and yet in the 1960s it was essentially nonexistent.
*Income inequality is the highest since before the Great Depression, understandably fostering resentment.

That last one is framed in an out-of-touch way. It’s not about ‘resentment’. It’s about middle class people sliding into poverty, and what that does to a family and what that does to the country when it happens on a large scale. It goes with the two above it.