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The American Survival Bible Inagural Issue




 Sept. 5, 2011 | AmericanSurvivalBible.com | $9.95 U.S.
 |14.50 Canada|
The Glass Debt Ceiling




An In-depth Look at America’s Policies, Decisions,
and Relationship to Debt in the Modern Economy.
Sept 5 - Oct 5, 2011                                                                                                                                                       Sept 5 - Oct 5, 2011
American Survival Magazine                                                                                                                                         American Survival Magazine


             The raising of the debt       quired to approve each issuance of debt individu-
                                           ally, therefore the ceiling was established to un-
                                                                                                can handle triggers the collapse, will be referred
                                                                                                to as “The Glass Debt Ceiling”. We use this
                                                                                                                                                     as it does the sentiment of the
                                                                                                                                                     global community. So even
         ceiling, the legal limit on the   complicate this process, and give more borrowing                                                          if we could haved “juggle[d]”
         gross level of federal debt the                                                        term in reference to this unseen, yet un-breach-
                                           flexibility. The debt ceiling is something that is   able, amount of debt at which the international      our accounts “prioritize pay-
         U.S. government can amass,        almost unique to the U.S., most countries just                                                            ments” and somehow survived
         has been the topic of most                                                             community will refuse to buy anymore treasuries,
                                           let their debt increase when government spend-       lose ALL faith in our already faltering currency,    past this date, this would, at
         political conversation lately. As ing outpaces tax revenue. The U.S. government                                                             the very least, have created a
         we are sure you have probably borrows debt two ways; It borrows money from             and discredit its legitimacy completely. This of
                                                                                                course is already happening to some degree, all      major disruption in our coun-
         noticed many Americans do         investors by issuing Treasury bonds, and it bor-                                                          try and economy; if only for
         not seem to grasp the enormity rows from itself, mainly from the Social Security       around the world; however, reaching this ceiling
                                                                                                and having others vocalize it by way of declining    a short time. However with
         of the actions that have recent- trust fund, which comes from payroll taxes. Once                                                           the international community
         ly taken place. In this article                                                        to buy any more treasuries, massively unloading
                                           the debt ceiling is reached the government is no     them, and refusing to trade in dollars will further  watching and a nation that al-
         we will explore just how far      longer allowed to accumulate debt. In this case it                                                        ready borrows more than forty
         reaching the implications of                                                           steep its decline.
                                           would have no longer been able to pay with bur-
         that debt struggle are to the     rowed funds.                                         “We cannot continue to raise the cents on each dollar it spends
                                                                                                                                                     this momentary chaos and
         situation political commenta-
         tors have called a dangerous     “Dangerous game of Roulette”                          debt ceiling”                                        perceived weakness could have
         game of “Russian Roulette.”
                                               While failing to raise the debt ceiling would
                                                                                                  T                                                  still spelled disaster. Geithner
                                                                                                       he fanfare and political power plays on this on Sunday July 10th’s edition
                                                                                                 issue have shown some awareness that “The           of Meet the Press said that Re-
            *The debt ceiling currently    have expedited the debt crisis, failing to con-
         stands at $14.694 trillion, up    trol the debt could have done the same. That          Glass Debt Ceiling” does indeed exist, and publicans and Democrats know
         from the $14.3 trillion, effec-   put us between a rock and a hard place. If we         that we cannot continue to raise the debt ceiling that “failure… [was] not an
         tive August 2nd 2011. The         did not raise the debt ceiling the we could pos-      for much longer. Treasury Secretary , Timothy       option” and that a debt agree-
         limit applies to almost all       sibly default for the first time in modern history    Geithner had earlier said that he can move money ment had to be reached. Re-
         federal debt. This is including   and hasten the total economic meltdown. If we         around to keep U.S. out of default until August     publicans nor Democrats were
         the debt held by the public,      keep taking on debt and investors believed that       2, at which point he believed some form of U.S. willing to deal with the conse-
         creditors like China, and what the United States may be unable to repay this            default would have been inevitable. Going on to quences of possibly defaulting
         the government owes itself        debt – or may attempt to further inflate its way      say that a default would mean “A broad range of on our debt.
         through accounts like the So-     out of it – we could see a refusal to invest in       government payments would have to be stopped,
                                                                                                 limited or delayed, including military salaries,        There are several ways in
         cial Security Trust Fund. Since Treasury securities. The government could try
         it was established in 1917 the    to entice new buyers by raising interest rates,       Social Securities and Medicare payments, interest which we might have tem-
                                                                                                 on debt, unemployment benefits, and tax re-         porarily staved off a default
         debt ceiling has been raised      however these higher interest rates would mean
         nearly 100 times; and more        both greater costs to the government and slower       funds.” Some Republicans dismissed Geithners without congressional action.
                                                                                                 August 2nd deadline as arbitrary or simply as       These might include redeem-
         frequently in the past years ;    growth in the overall economy. Ultimately, even                                                           ing treasury bonds in federal
         congress has increased the debt though we temporarily averted this crises if our        a political stunt. Whether or not that is true,
         ceiling 10 times since 2001,      mounting debt is not brought under control we         however,could have proved to be irrelevant. We employees retirement accounts
         making this the 11th time in 11 could face severe symptoms of this economic             must not forget, that because so much U.S. debt early, putting a moratorium on
         years. Before the debt ceiling    crisis soon anyway. For our purposes this latter      is in foreign hands, the stability of our financial contributions to government
         was instituted congress was re- debt crises, where taking on more debt than we          situation depends just as much on market forces pension funds, and the afore-
Sept 5 - Oct 5, 2011
American Survival Magazine


         mentioned “prioritized pay-
         ments” . This last option has
                                                As stated the debt ceiling has been rou-
                                             tinely raised, and with more frequency in recent
         been getting the most publicity
                                             years. So why was this last raising such a
         and criticism. Essentially this
                                             big deal? There are several reasons, the sheer
         will be a situation where, no
                                             amount of debt we owe, the sad state of our
         one knows for sure who would,
                                             economy, and also the fact that we seem to be
         and would not get paid. Let’s
                                             establishing an alarming pattern of excessive
         take for example the estimated
                                             borrowing that in recent years has compounded
         monthly commitments for
                                             rapidly. Those are all valid reasons why this last
         September they include $50
                                             raising could have been so important, but the
         b. in Medicare and Medicaid
                                             reason why this last raising was so pivotal was
         payments, $49.2 b. in Social
                                             because instead of coming to a timely consensus
         Security benefits, $34.6 b in
                                             in a crucial time our politicians used this as an
         defense spending (including
         military pay), $29 b in inter-
                                             opportunity to extort each other for better politi-
                                             cal positioning and power. When they made this
                                                                                                     1. Kit(s)
         est on Treasury securities, and                                                                                 Expect the unexpected. Your fam-
                                             decision they put my bank account and yours in
         $12.8 b. in unemployment ben-                                                                                   ily needs an emergency survival kit
                                             danger. With our economy in the shape it is and
         efits. If a default would have                                                                                  to prepare for life’s unanticipated
                                             the amount of debt we have in foreign hands our
         happened any one of these                                                                                       disasters. Kits like the one’s pictured
                                             economic health is as much dependent on eco-
         obligations could theoretically                                                                                 can make the difference when disas- 72 Hour Kit $68.00            72 Hour Kit $68.00
                                             nomic factors as it is on the worlds perception of
         have got shorted. Shortfalls                                                                                    ter strikes.                            2 people                  3 people
                                             our ability and intent to pay back our loans. As
         would have forced the Trea-
                                             President Obama has stated “If investors around
         sury to choose who would and
                                             the world thought that the full faith and credit        2. Plan
         would not get funding. This, of                                                                                  A survival kit is an important investment in
                                             of the United States was not being backed up, if
         course, potentially could have                                                                                   your family’s safety, but it’s of limited use if
                                             they thought that we might renege on our IOU’s,
         been a huge mess. Imagine us                                                                                     you’ve failed to preplan for an emergency.
                                             it could unravel the entire financial system.”
         paying our creditors as they                                                                                     The American Survival Bible will guide you
         are “priority,” but partially or        The beginning of this saga began in January                              step by step, through the steps it takes to
         completely leaving troops and       2009, when President Obama took office in the                                plan for disaster.
         senior citizens payments delin-     midst of the biggest economic crises since the
         quent . While all of these op-
         tions are technically within the
                                             Great Depression. The US public debt stood at         3. Be Informed
                                             10.6 t. dollars. This last May, nearly two and a
         authority of the federal reserve,                                                                                Knowledge is power. Your survival depends on know-
                                             half years later, the previous debt limit of 14.3
         the problem is that none of                                                                                      ing how to cope with specific disasters and maintain-
                                             t. dollars was reached. And as previously stated
         these solutions are sustainable     after months of debate and struggle the new                                  ing an awareness of the current crises. The American
         and that they do not make for       ceiling of 14.694 t. dollars was instated. The                               Survival Magazine and resources on our site will give
         very good policy.                   ceiling was raised seven times during the term                               you the tools you need to be prepared
                                             of George W., but when the Obama administra-
                                                                                                    Disclaimer: American Family Safety Inc is in no way affiliated with Mbawa Dinnen Marketing or any of
                                                                                                    it’s products. Neither M&D Marketing or American Family Saftey give financial or legal advice, please
                                                                                                    consult with a professional for your particular sutuation.
Sept 5- Oct 5, 2011


         BullionVault.com
                                                                                                          American Survival Magazine

                                     tion sought to raise the ceiling    ica back on the path of fiscal prudence, this type
                                     in this critical time it was meet   of raw extortion does not belong in American
                                     with opposition. Republicans        politics. The fact that this made up political crises
                                     who took control of the House       tarnished our image further, as a solvent country
                                     of Representatives in the 2010      that intends to pay back it’s debts, and holds no
                                     elections, wanted to reduce         consequences for the offenders is an insult to the

•	Investment Grade Gold and Silver
                                     the national debt by cutting        American people. We are too close to the preci-
                                     government spending. So they        pice of financial ruin to have such a gross mis-
                                     used the debt ceiling as a polit-   handling. What should have been an expedient

          •	The Safest Vaults        ical tool to meet these ends. As
                                     investment guru Warren Buffet
                                     put it they decided to take the
                                                                         process considering the precarious state of our
                                                                         economy was drug out in to one of the saddest
                                                                         political theaters we have ever seen.
        •	And a FREE GRAM            national debt for “ransom”.
                                                                          With that said, we acknowledge that some
                                                                      agreement was reached, and possibly in time that
         To Get You Started!           A    t the time most (though   the consequences won’t be too severe. However
                                                                      while this issue was resolved we at The American
                                     not all) legislators agreed
                                     that some deal needed to be      Survival Magazine believe that this last episode
                                     reached to avert catastrophe.    was indicative of deeper rooted issues. Namely a
                                     Most Democrats were calling      growing detachment and obliviousness to the se-
                                     for a mix of tax increases as    riousness of the current fiscal crises, and a shirk-
                                     well as spending cuts, most      ing of public responsibility in favor of political
            Click Here To Start      Republicans contended that       power games. For a dollar already on the brink
                                     the proposed plans did not       of collapse these careless attitudes can be costly.
                                     cut spending enough. It soon     It is in our best interest to understand completely
                                     became a very clear that there just how precarious a position we are in, and
                                     could be some conflict. Con-     how soon our global hegemony can dissipate. If
                                     gress held special meetings for we do not heed this advice and keep our current
                                     weeks as they tried to decide    course of wanton, shortsighted burrowing, even
                                     which way to structure the debt though we may increase the debt ceiling, it will
                                     deal. In the end there were the- still leave us asking, “Where is the Glass Debt
                                     atrics like we have never seen. Ceiling?” §asm§
                                     Stories range from personal
                                     attacks, to the President storm- *This is not to be confused with the deficit, which
                                     ing out of debates in anger, to  is how much government spending exceeds tax
                                     outright name calling. While     revenue during a given year. Last years deficit
                                     we certainly need to make a      was $1.29 trillion. The debt is the sum of deficits
                                     new commitment to put Amer- past and present.
Sept 5- Oct 5, 2011                                                                                                                                                         Sept 5 - Oct 5, 2011
American Survival Magazine                                                                                                                                          American Survival Magazine

                                                                                               did they resolve the shutdown? They simply            tion as, “a borrow-and-spend
                                                                                               borrowed more time. They negotiated their debt        proposal that does nothing to
                                                                                               obligations and pushed them back a few months.        solve the long-term financial
                                                                                               This is the exact method that Washington has ad-      challenges.” It doesn’t fix any-
                                                                                               opted in order to address our nation’s federal debt   thing, and it doesn’t change the
                                                                                               obligations.                                          fact that many citizens are still
                                                                                                                                                     suffering.
                                                                                               “Do not let the media fool you                               Charlie Kyte, for in-
                                                                                               in to believing that Washing-                         stance, is the leader of a local
                                                                                                                                                     school administration in Min-
                                                                                               ton’s or Minnesota’s makeshift                        nesota. The schools which he
                                                                                               crisis resolution is effective or                     represents have had their aid
                                                                                                                                                     payments delayed for several
                                                                                               sustainable..”                                        years.



                                           get deficit. The two week shutdown was the lon-
                                                                                                     The solution caused a fury amongst lo-
                                           gest state shutdown in nearly a decade, according
         M                                                                                     cal Tea Party members who held rallies against               He, along with many
                                           to The National Conference of State Legislatures.                                                         other citizens of Minnesota,
               any of our readers are                                                          the deal. Senate politician Tom Bakk, in his own
                                           And the state’s tax payers were not the only ones                                                         knows that nothing is going to
         already well informed as to                                                           words, described Minnesota’s so called resolu-
                                           to suffer. Roughly 22,000 state workers entered
         the economic struggles of our
                                           an employment limbo, in addition to 66 parks
         federal government. But in
                                           closing down and 100 road projects coming to a
         recent weeks we have seen
                                           screeching halt. Without a doubt, the citizens of
         these financial woes leak into
                                           Minnesota have tasted a sample of the desolation
         state government level as well,
                                           and uncertainty which will soon spread across the
         causing Minnesota’s state gov-
                                           entire nation.
         ernment to shut down for over
         two weeks. The shutdown was              On July 15th, 2011, Minnesota Gov. Mark
         a result of indecision and fi-    Dayton and other legislative leaders reached a
         nancial mismanagement to the      deal to resume state government operations. The
         tune of a $5 billion state bud-   American Survival Magazine investigated this
         “Solution eerily similar          resolution, and we found it to be eerily similar
         to to the debt ceiling            to the debt ceiling comprimise recently accepted
                                           by Washington. Of course Minnesota didn’t just
         comprimise.”                      come up with 5 billion dollars overnight; so how
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Sept 5 - Oct 5, 2011
American Survival Magazine

         be resolved by this agreement.   We can’t keep pushing debt down the
         In fact, many citizens are now
                                   road. In recent events the Standards and Poors
         beginning to wonder if this
                                   has downgraded U.S. credit from AAA to AA-
         could be the start of something
                                   with a negative outlook. This was in response
         far, far worse. Imagine tens of
                                   to the debt ceiling deal which they felt made no
         thousands of people being laid
                                   substantial effort to address our spiraling debts
         off overnight. Imagine parks,
                                   and deficits. This is just one in a string of warn-
         libraries, public schools and
                                   ing signs the American people have recieved.
         other state services disappear-
                                   We really cannot stress enough this is not some-      RARE CALIFORNIA WINES
         ing into smoke.           thing that can happen or might happen; this is all
                                   happening right now. The crisis in Minnesota is
    We Must...                     simply a microcosm of what will happen all over
    •Hold	our	leaders	accountable our nation indefinitely unless we change our cur-
                                                                                                                 more info >
    •Address	the	real	problems	    rent couirse. You are already educating yourself
    •Participate	in	our	government by reading The American Survival Bible and The
                                   American Survival Magazine.
     •And if not, share in the blame                                                                                   more info >



                                                                                                                       more info >
                Sooner or later, state and         Now it is time to challenge your-
         the federal government will be      self even further, for the sake of our
         held accountable for the debts                                                                                more info >
         which they have incurred. We
                                             nation, by spreading the word about
         will have to come up with real      this coming disaster. Do not let the
         solutions that don’t just raise     media fool you and your loved ones
         debt but balance budgets and        into believing that Washington’s and                                        more info >
         right deficits as well. We will
         have to concede that we can-        Minnesota’s makeshift crisis resolu-
         not have a nation deviod of a       tion is effective or sustainable. Spread
         manufacturing sector, and then      the truth to those you care about, so
         take steps toward righting this.
         The question is, when will this
                                             that we as a citizenry can hold our
         time arrive, and how long have      leaders accountable, and be prepared
         state and federal leaders al-       for what lie ahead. §asm§
         ready known about this crises?
Special Report
by: The American
Survival Magazine
Sept 5 - Oct 5, 2011                                                                                                                                                                Sept 5 - Oct 5, 2011
American Survival Magazine                                                                                                                                                  American Survival Magazine



               W         ith over 80,000
         branches and over 290,000 au-
                                                      Once the sole province
                                               of high net worth individuals,
                                               offshore banking has come of
                                                                                                            offer. For example earned interest on
                                                                                                            offshore accounts and investments are
                                                                                                          paid without the deduction of tax. You
                                                                                                                                                            U.S. tax law is concerned, U.S.
                                                                                                                                                            citizens and permanent residents
                                                                                                                                                            are required to report any in-
                                                age and is accessible to most                             may also be able to sheild a significant          come from foreign bank ac-
         tomated teller machines the US
                                                           anyone.                                       percentage of your wealth from this crisis         counts. In certain circumstances
         banking system is still the larg-
                                                                                                                   by relocating savings and invest-        even the income of an entity
         est in the world. As we have                                                                                                                       which you control could also
         seen in The American Survival                                                                             ments to an offshore account.
                                                                                                                  Added benefits include high               be taxable. For this reason, the
         Bible, and in recent events,                                                                                                                       U.S. is one of the countries that
         size is not always tantamount                                                                          levels of            confidentiality,
                                                                                                                                     security, conve-       has few restrictions on where
         to financial security. In light of                                                                                                                 your businesses, investments, or
         America’s recent financial crises                                                                                         nience, and global
                                                                                                                                                            bank accounts may be located.
         many have been wisely turning                                                                                         access too.
                                                                                                                                                            However it is still your respon-
         to offshore banking.                                                                                                                               sibility to report your income
              Offshore banking, or
       banking in a jurisdiction other
       than the one in which you have
                                                                                                                                         I   f you aren’t
                                                                                                                                      concerned with
                                                                                                                                                            to the IRS. If income is not
                                                                                                                                                            reported to the IRS on an infor-
                                                                                                                                                            mation return it does not alter
                                                                                                                                       the tax benefits,    your legal duty to report it. The
       citizenship or residency in, has                                                                                                                     existence of a foreign bank ac-
                                                                                                                                         you may very
       something of a mystique sur-                                                                                                                         count is required to be disclosed
                                                                                                                                          well be with
       rounding it. For some an off-                                                                                                                        on Form 1040, Schedule B, Part
                                                                                                                                          liability. Off-
       shore bank account may sound                                                                                                     shore banking       III and a Form TD F 90-22.1
       like something out of a spy                   While                                                                          can limit a credi-      must be filed by June 30th of
       movie, or a way in which rich          offshore bank-                                                                     tor’s access to your       each year to disclose the loca-
       people try to evade taxes. But         ing isn’t just for the                                                         funds as they are subject      tion and other information about
       the truth is that many people          super wealthy anymore,                                                    to different laws from differ-      any foreign bank accounts with
       use offshore bank accounts for         it’s not necessarily for poor                                          ent countries. Because so many         a collective value of more than
       many reasons. Offshore banking         persons either. Depending on                                         countries encourage international        $10,000 at any time during the
       is absolutely legal, it has been       which bank you choose minimum                                     trade and enterprise, most have only        prior calendar year. There are
       regularly used by companies,           deposits can vary anywhere from                                 limited restrictions on residents doing       substantial penalties for failing
                         organizations,                                                                    business or having bank accounts in other        to report income from foreign
                                              $1500 to over $10,000. While investing
                             and indi-                                                                  countries. However, reporting requirements          accounts or for failing to file the
                                              a fortune is not necessary, investing a sig-
                                viduals                                                               on these accounts differ from country to coun-        proper forms.
                                              nificant amount to make it worth your while is,
                                 alike for    otherwise the travel costs you might incur may                                try.
      OFFSHORE                    many                                                                                                              If you do fail to report income,
                                              far exceed the savings.                               In the U.S. residents are required to declare
      BANKING IS                  years.                                                           there income on a worldwide basis and tax is
                                                                                                                                                    it is important to know that
                                                 The main reason people usually choose an                                                           there is no U.S. statute of limi-
     PERFECTELY                                                                                    payable on all your income. This means as far as tations on your tax returns. If
                                              offshore account is for the tax benefits that they
       LEGAL
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Sept 5 - Oct 5, 2011                                                                                                           Sept 5 - Oct 5, 2011
American Survival Magazine                                                                                             American Survival Magazine

         the IRS finds out about a for-    jurisdictions offer extraordinary levels of con-
         eign bank account many years fidentiality they cannot offer complete secrecy.
         from now, everything will be      All financial institutions have a legal obligation
         subject to penalties, and inter- to report suspicions of serious criminal conduct.
         est, plus the taxes that should   Foreign authorities seek information through the
         have been paid. It only takes     legal system where there are well-founded suspi-
         one audit for this to happen. On cions of serious crime. The IRS has taken legal
         this note those who might have recourse against a myriad of big offenders which
         some unreported foreign                is evidenced on their wall of shame. In fact
         accounts or assets                           because of their limited man power and
         could benefit                                   resources the IRS tends to go for big
         from the IRS’                ...TAX               offenders.
         2011 Offshore PLANNING, AND
         Voluntary                                             A serious offense is defined as
         Disclosure
                            PROTECTION OF anything that would warrant a
         Initiative.             FINANCIAL                   prison sentence of at least twelve
                                                             months in that jurisdiction. The
         This is the                ASSESTS                 closest that can be achieved is the
         IRS’ attempt to
         collect on de-                                   near absolute anonymity and confi-
         linquent accounts                             dentiality that is seen using a combi-
         by giving a uniform and                   nation of various offshore vehicles, in-
         predictable penalty and mini-     cluding International Business Companies (IBCs)
         mizing the likelihood of litiga-  and Offshore Trusts. Otherwise, all personal data
         tion; for those who fear their    is subject to modern data protection legislation,
         infraction may warrant criminal and there are severe civil and criminal penalties
         prosecution. They saw the         for breach of confidentiality and unauthorized
         value of this when taxpayers      disclosure of client information.
         came forward voluntarily and      So while we tend to think of offshore banking
         reported their previously un-     unlawfully, it really is quite legitimate, and well
         disclosed foreign accounts and within your rights. American banks are obligated          The lesson to be learned is
         assets during the 2009 Disclo- to report your income, offshore banks leave this
         sure program.
                                                                                                  play by the rules, reap the
                                           duty up to you. So upholding this legitimacy while
             Many have gotten in to this excercising your rights is your part. Legally you
                                                                                                  benefits of offshore bank-
         predicament thinking their        can save on taxes, have a higher return on your
                                           investment and keep your affairs private. IZf you
                                                                                                  ing, and you too can have it
         money and assets were above
         reproach. Even though offshore don’t, the penalties could be very severe.                made in the shade; literally.
                                                                                                                           §asm§
Sept 5 - Oct 5, 2011                                                                                                                                                                              Sept 5 - Oct 5, 2011
American Survival Magazine                                                                                                                                                                American Survival Magazine


ASM. Factiod
                                                                1.

3           Surprising
                                                                                                            It’s always been easier to get a job if
                                                        Longterm
                                                                                                                                                           2.
                                                                                                            you have a job, but now employers
                                                                                                            are actually starting to discriminate
                                                        Unemploy-                                           against the unemployed and refuse


           facts about
                                                                                                            to hire them. According to The New
                                                          ment                                              York Times, “A recent review of job       Grads and
                                                                                                            vacancy postings on popular sites
                                                                                                            like Monster.com, CareerBuilder and       the Young
           the Jobless
                                                                                                            Craigslist revealed hundreds that said
                                                                                                            employers would consider (or at least
                                                                                                            “strongly prefer”) only people cur-
                                                                                                            rently employed or just recently laid


           Recovery...
                                                                                                            off.” To be very clear about this, peo-
                                                                                                            ple laid off through no fault of their
                                                                                                            own, who are perfectly employable,
                                                                                                            now cannot get jobs because of the
                                                                                                            jobless recovery. No job, no job.
                                                                                                                                                       It’s easy to look at younger workers
So, the economy is supposedly recovering, but                                                                                                          and think they’re just delayed in get-
the refrain remains the same: “Where are the                                                                                                           ting a start because there aren’t good
                                                      In a country where marriage is viewed as an “institution” and an                                 jobs available, but the fact is, this de-
jobs?”                                                entire political party espouses “family values,” the family is taking a                          lay will affect their whole lives. The
And the answer remains the same: “They’re not         huge beating from this jobless recovery. Quite simply, lower class and                           later they are able to start working
here.”                                                even middle class individuals don’t feel they can afford to marry, or                            in well-paying jobs in their field, the
                                                      don’t want to marry without a job to support the family. “We could                               later they are able to start saving for
In fact, the truth is, they’re not coming back.       be headed in a direction where, among elites, marriage and family are                            retirement, not to mention getting
According to Heidi Sheirholz, an economist at         conventional, but for substantial portions of society, life is more matri-                       married and having families.
                                                      archal,” according to The Atlantic article by Don Peck.                                          And once these young people do get
the Eonomic Policy Institute, “To get back to
                                                      And those who are married? As unemployment continues, marriage                                   into the workforce, they’re always
the pre-recession unemployment rate by the            crumbles. Men who lose their jobs often find it difficult to maintain
middle of 2014, we would need to add roughly                                                                                                           behind. They cannot simply catch
                                                      their marriages with their new self-image. As unemployment rates                                 up by climbing the corporate ladder
400,000 jobs every single month between now           rise or remain stagnant, divorce becomes an option for an increasing                             because that ladder is crowded with
and then. “ (That’s a level of growth more than       number of the unemployed.                                                                        the people who got their first.


                                                                                                               3.
three times the growth in July, 2011).                                                                                                                 As Don Peck of The Atlantic says, “a
                                                                                                                                                       whole generation of young adults is
Obviously this is a bad situation, but it’s good to                                                                                                    likely to see its life chances perma-
look at why it’s bad. It’s not enough to say, “This
stinks;” we need to talk about why it stinks and                                                       Marriage                                        nently diminished by this recession.”

who it’s hurting. Here are 3 surprising facts
about the jobless recovery and who it’s hurting.                                                      and Families
Sept 5 - Oct 5, 2011
American Survival Magazine
                                                                                              Are you
ASM. The Union Stated
                                                                                             proteced?
The Obama Question                                                                             Most
“We’ve always known that lasting change                                                      Amerians
wouldn’t come quickly or easily.”                                                           dont have a

                              W
With his bid for reelection                              With re-election looming


Obama expresses hopes of
                                                         there are several key factors
                                                         that make President Obama’s
                                                         re-election campaign a dis-
                                                                                                 clue.
another grassroot uprising.                              mal prospect. The recent debt
                                                         ceiling legislation is unpopular
                              with virtually every section of voter and may end up
                              being the major contributing factor. On the left voters
                              feel betrayed that Obama and other democrats caved            Own the Book that
                              to a largely republican deal. On the right voters feel
                              let down because the deal doesn’t even begin to solve           is Becoming a
                              our debt problem (Social Security and Medicare future
                              obligation 77.9 trillion, 2011 debt 14.3 trillion, cuts by        Nationwide
                              2021 2.1 trillion.) And in the center voters are disap-
                              pointed with Washington’s partisanship, crude tactics,         Sensation at a...
                              and inability to focus on job creation.

                                      Even though there is a congratulatory mood in
                              Washington over reaching a deal, there is now even less       Discounted Price!
                              of the type of bipartisanship needed to pass key items
                              on his agenda. Many Republican have lauded the deal
                              as a success, and their tactics as necessary promising to
                                                                                              Extremely
                              use them in to “perpetuity”. With attitudes like this im-
                              migration, energy, unemployment and other priorities
                              that require cooperation will prove to be difficult tasks.
                                                                                            Limited Offer
                              The debt agreement also limits the amount of money
                              there is to pursue the infrastructure and education
                              goals, previously envisioned by the Obama administra-
                              tion . This coupled with the rising popularity of GOP
                              hopefuls and the recent dissent in Mr. Obama’s camp
                              will make for a very challenging reelection campaign.

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Amersurmagissuesept5

  • 1. The American Survival Bible Inagural Issue Sept. 5, 2011 | AmericanSurvivalBible.com | $9.95 U.S. |14.50 Canada|
  • 2. The Glass Debt Ceiling An In-depth Look at America’s Policies, Decisions, and Relationship to Debt in the Modern Economy.
  • 3. Sept 5 - Oct 5, 2011 Sept 5 - Oct 5, 2011 American Survival Magazine American Survival Magazine The raising of the debt quired to approve each issuance of debt individu- ally, therefore the ceiling was established to un- can handle triggers the collapse, will be referred to as “The Glass Debt Ceiling”. We use this as it does the sentiment of the global community. So even ceiling, the legal limit on the complicate this process, and give more borrowing if we could haved “juggle[d]” gross level of federal debt the term in reference to this unseen, yet un-breach- flexibility. The debt ceiling is something that is able, amount of debt at which the international our accounts “prioritize pay- U.S. government can amass, almost unique to the U.S., most countries just ments” and somehow survived has been the topic of most community will refuse to buy anymore treasuries, let their debt increase when government spend- lose ALL faith in our already faltering currency, past this date, this would, at political conversation lately. As ing outpaces tax revenue. The U.S. government the very least, have created a we are sure you have probably borrows debt two ways; It borrows money from and discredit its legitimacy completely. This of course is already happening to some degree, all major disruption in our coun- noticed many Americans do investors by issuing Treasury bonds, and it bor- try and economy; if only for not seem to grasp the enormity rows from itself, mainly from the Social Security around the world; however, reaching this ceiling and having others vocalize it by way of declining a short time. However with of the actions that have recent- trust fund, which comes from payroll taxes. Once the international community ly taken place. In this article to buy any more treasuries, massively unloading the debt ceiling is reached the government is no them, and refusing to trade in dollars will further watching and a nation that al- we will explore just how far longer allowed to accumulate debt. In this case it ready borrows more than forty reaching the implications of steep its decline. would have no longer been able to pay with bur- that debt struggle are to the rowed funds. “We cannot continue to raise the cents on each dollar it spends this momentary chaos and situation political commenta- tors have called a dangerous “Dangerous game of Roulette” debt ceiling” perceived weakness could have game of “Russian Roulette.” While failing to raise the debt ceiling would T still spelled disaster. Geithner he fanfare and political power plays on this on Sunday July 10th’s edition issue have shown some awareness that “The of Meet the Press said that Re- *The debt ceiling currently have expedited the debt crisis, failing to con- stands at $14.694 trillion, up trol the debt could have done the same. That Glass Debt Ceiling” does indeed exist, and publicans and Democrats know from the $14.3 trillion, effec- put us between a rock and a hard place. If we that we cannot continue to raise the debt ceiling that “failure… [was] not an tive August 2nd 2011. The did not raise the debt ceiling the we could pos- for much longer. Treasury Secretary , Timothy option” and that a debt agree- limit applies to almost all sibly default for the first time in modern history Geithner had earlier said that he can move money ment had to be reached. Re- federal debt. This is including and hasten the total economic meltdown. If we around to keep U.S. out of default until August publicans nor Democrats were the debt held by the public, keep taking on debt and investors believed that 2, at which point he believed some form of U.S. willing to deal with the conse- creditors like China, and what the United States may be unable to repay this default would have been inevitable. Going on to quences of possibly defaulting the government owes itself debt – or may attempt to further inflate its way say that a default would mean “A broad range of on our debt. through accounts like the So- out of it – we could see a refusal to invest in government payments would have to be stopped, limited or delayed, including military salaries, There are several ways in cial Security Trust Fund. Since Treasury securities. The government could try it was established in 1917 the to entice new buyers by raising interest rates, Social Securities and Medicare payments, interest which we might have tem- on debt, unemployment benefits, and tax re- porarily staved off a default debt ceiling has been raised however these higher interest rates would mean nearly 100 times; and more both greater costs to the government and slower funds.” Some Republicans dismissed Geithners without congressional action. August 2nd deadline as arbitrary or simply as These might include redeem- frequently in the past years ; growth in the overall economy. Ultimately, even ing treasury bonds in federal congress has increased the debt though we temporarily averted this crises if our a political stunt. Whether or not that is true, ceiling 10 times since 2001, mounting debt is not brought under control we however,could have proved to be irrelevant. We employees retirement accounts making this the 11th time in 11 could face severe symptoms of this economic must not forget, that because so much U.S. debt early, putting a moratorium on years. Before the debt ceiling crisis soon anyway. For our purposes this latter is in foreign hands, the stability of our financial contributions to government was instituted congress was re- debt crises, where taking on more debt than we situation depends just as much on market forces pension funds, and the afore-
  • 4. Sept 5 - Oct 5, 2011 American Survival Magazine mentioned “prioritized pay- ments” . This last option has As stated the debt ceiling has been rou- tinely raised, and with more frequency in recent been getting the most publicity years. So why was this last raising such a and criticism. Essentially this big deal? There are several reasons, the sheer will be a situation where, no amount of debt we owe, the sad state of our one knows for sure who would, economy, and also the fact that we seem to be and would not get paid. Let’s establishing an alarming pattern of excessive take for example the estimated borrowing that in recent years has compounded monthly commitments for rapidly. Those are all valid reasons why this last September they include $50 raising could have been so important, but the b. in Medicare and Medicaid reason why this last raising was so pivotal was payments, $49.2 b. in Social because instead of coming to a timely consensus Security benefits, $34.6 b in in a crucial time our politicians used this as an defense spending (including military pay), $29 b in inter- opportunity to extort each other for better politi- cal positioning and power. When they made this 1. Kit(s) est on Treasury securities, and Expect the unexpected. Your fam- decision they put my bank account and yours in $12.8 b. in unemployment ben- ily needs an emergency survival kit danger. With our economy in the shape it is and efits. If a default would have to prepare for life’s unanticipated the amount of debt we have in foreign hands our happened any one of these disasters. Kits like the one’s pictured economic health is as much dependent on eco- obligations could theoretically can make the difference when disas- 72 Hour Kit $68.00 72 Hour Kit $68.00 nomic factors as it is on the worlds perception of have got shorted. Shortfalls ter strikes. 2 people 3 people our ability and intent to pay back our loans. As would have forced the Trea- President Obama has stated “If investors around sury to choose who would and the world thought that the full faith and credit 2. Plan would not get funding. This, of A survival kit is an important investment in of the United States was not being backed up, if course, potentially could have your family’s safety, but it’s of limited use if they thought that we might renege on our IOU’s, been a huge mess. Imagine us you’ve failed to preplan for an emergency. it could unravel the entire financial system.” paying our creditors as they The American Survival Bible will guide you are “priority,” but partially or The beginning of this saga began in January step by step, through the steps it takes to completely leaving troops and 2009, when President Obama took office in the plan for disaster. senior citizens payments delin- midst of the biggest economic crises since the quent . While all of these op- tions are technically within the Great Depression. The US public debt stood at 3. Be Informed 10.6 t. dollars. This last May, nearly two and a authority of the federal reserve, Knowledge is power. Your survival depends on know- half years later, the previous debt limit of 14.3 the problem is that none of ing how to cope with specific disasters and maintain- t. dollars was reached. And as previously stated these solutions are sustainable after months of debate and struggle the new ing an awareness of the current crises. The American and that they do not make for ceiling of 14.694 t. dollars was instated. The Survival Magazine and resources on our site will give very good policy. ceiling was raised seven times during the term you the tools you need to be prepared of George W., but when the Obama administra- Disclaimer: American Family Safety Inc is in no way affiliated with Mbawa Dinnen Marketing or any of it’s products. Neither M&D Marketing or American Family Saftey give financial or legal advice, please consult with a professional for your particular sutuation.
  • 5. Sept 5- Oct 5, 2011 BullionVault.com American Survival Magazine tion sought to raise the ceiling ica back on the path of fiscal prudence, this type in this critical time it was meet of raw extortion does not belong in American with opposition. Republicans politics. The fact that this made up political crises who took control of the House tarnished our image further, as a solvent country of Representatives in the 2010 that intends to pay back it’s debts, and holds no elections, wanted to reduce consequences for the offenders is an insult to the • Investment Grade Gold and Silver the national debt by cutting American people. We are too close to the preci- government spending. So they pice of financial ruin to have such a gross mis- used the debt ceiling as a polit- handling. What should have been an expedient • The Safest Vaults ical tool to meet these ends. As investment guru Warren Buffet put it they decided to take the process considering the precarious state of our economy was drug out in to one of the saddest political theaters we have ever seen. • And a FREE GRAM national debt for “ransom”. With that said, we acknowledge that some agreement was reached, and possibly in time that To Get You Started! A t the time most (though the consequences won’t be too severe. However while this issue was resolved we at The American not all) legislators agreed that some deal needed to be Survival Magazine believe that this last episode reached to avert catastrophe. was indicative of deeper rooted issues. Namely a Most Democrats were calling growing detachment and obliviousness to the se- for a mix of tax increases as riousness of the current fiscal crises, and a shirk- well as spending cuts, most ing of public responsibility in favor of political Click Here To Start Republicans contended that power games. For a dollar already on the brink the proposed plans did not of collapse these careless attitudes can be costly. cut spending enough. It soon It is in our best interest to understand completely became a very clear that there just how precarious a position we are in, and could be some conflict. Con- how soon our global hegemony can dissipate. If gress held special meetings for we do not heed this advice and keep our current weeks as they tried to decide course of wanton, shortsighted burrowing, even which way to structure the debt though we may increase the debt ceiling, it will deal. In the end there were the- still leave us asking, “Where is the Glass Debt atrics like we have never seen. Ceiling?” §asm§ Stories range from personal attacks, to the President storm- *This is not to be confused with the deficit, which ing out of debates in anger, to is how much government spending exceeds tax outright name calling. While revenue during a given year. Last years deficit we certainly need to make a was $1.29 trillion. The debt is the sum of deficits new commitment to put Amer- past and present.
  • 6. Sept 5- Oct 5, 2011 Sept 5 - Oct 5, 2011 American Survival Magazine American Survival Magazine did they resolve the shutdown? They simply tion as, “a borrow-and-spend borrowed more time. They negotiated their debt proposal that does nothing to obligations and pushed them back a few months. solve the long-term financial This is the exact method that Washington has ad- challenges.” It doesn’t fix any- opted in order to address our nation’s federal debt thing, and it doesn’t change the obligations. fact that many citizens are still suffering. “Do not let the media fool you Charlie Kyte, for in- in to believing that Washing- stance, is the leader of a local school administration in Min- ton’s or Minnesota’s makeshift nesota. The schools which he crisis resolution is effective or represents have had their aid payments delayed for several sustainable..” years. get deficit. The two week shutdown was the lon- The solution caused a fury amongst lo- gest state shutdown in nearly a decade, according M cal Tea Party members who held rallies against He, along with many to The National Conference of State Legislatures. other citizens of Minnesota, any of our readers are the deal. Senate politician Tom Bakk, in his own And the state’s tax payers were not the only ones knows that nothing is going to already well informed as to words, described Minnesota’s so called resolu- to suffer. Roughly 22,000 state workers entered the economic struggles of our an employment limbo, in addition to 66 parks federal government. But in closing down and 100 road projects coming to a recent weeks we have seen screeching halt. Without a doubt, the citizens of these financial woes leak into Minnesota have tasted a sample of the desolation state government level as well, and uncertainty which will soon spread across the causing Minnesota’s state gov- entire nation. ernment to shut down for over two weeks. The shutdown was On July 15th, 2011, Minnesota Gov. Mark a result of indecision and fi- Dayton and other legislative leaders reached a nancial mismanagement to the deal to resume state government operations. The tune of a $5 billion state bud- American Survival Magazine investigated this “Solution eerily similar resolution, and we found it to be eerily similar to to the debt ceiling to the debt ceiling comprimise recently accepted by Washington. Of course Minnesota didn’t just comprimise.” come up with 5 billion dollars overnight; so how
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  • 8. Sept 5 - Oct 5, 2011 American Survival Magazine be resolved by this agreement. We can’t keep pushing debt down the In fact, many citizens are now road. In recent events the Standards and Poors beginning to wonder if this has downgraded U.S. credit from AAA to AA- could be the start of something with a negative outlook. This was in response far, far worse. Imagine tens of to the debt ceiling deal which they felt made no thousands of people being laid substantial effort to address our spiraling debts off overnight. Imagine parks, and deficits. This is just one in a string of warn- libraries, public schools and ing signs the American people have recieved. other state services disappear- We really cannot stress enough this is not some- RARE CALIFORNIA WINES ing into smoke. thing that can happen or might happen; this is all happening right now. The crisis in Minnesota is We Must... simply a microcosm of what will happen all over •Hold our leaders accountable our nation indefinitely unless we change our cur- more info > •Address the real problems rent couirse. You are already educating yourself •Participate in our government by reading The American Survival Bible and The American Survival Magazine. •And if not, share in the blame more info > more info > Sooner or later, state and Now it is time to challenge your- the federal government will be self even further, for the sake of our held accountable for the debts more info > which they have incurred. We nation, by spreading the word about will have to come up with real this coming disaster. Do not let the solutions that don’t just raise media fool you and your loved ones debt but balance budgets and into believing that Washington’s and more info > right deficits as well. We will have to concede that we can- Minnesota’s makeshift crisis resolu- not have a nation deviod of a tion is effective or sustainable. Spread manufacturing sector, and then the truth to those you care about, so take steps toward righting this. The question is, when will this that we as a citizenry can hold our time arrive, and how long have leaders accountable, and be prepared state and federal leaders al- for what lie ahead. §asm§ ready known about this crises?
  • 9. Special Report by: The American Survival Magazine
  • 10. Sept 5 - Oct 5, 2011 Sept 5 - Oct 5, 2011 American Survival Magazine American Survival Magazine W ith over 80,000 branches and over 290,000 au- Once the sole province of high net worth individuals, offshore banking has come of offer. For example earned interest on offshore accounts and investments are paid without the deduction of tax. You U.S. tax law is concerned, U.S. citizens and permanent residents are required to report any in- age and is accessible to most may also be able to sheild a significant come from foreign bank ac- tomated teller machines the US anyone. percentage of your wealth from this crisis counts. In certain circumstances banking system is still the larg- by relocating savings and invest- even the income of an entity est in the world. As we have which you control could also seen in The American Survival ments to an offshore account. Added benefits include high be taxable. For this reason, the Bible, and in recent events, U.S. is one of the countries that size is not always tantamount levels of confidentiality, security, conve- has few restrictions on where to financial security. In light of your businesses, investments, or America’s recent financial crises nience, and global bank accounts may be located. many have been wisely turning access too. However it is still your respon- to offshore banking. sibility to report your income Offshore banking, or banking in a jurisdiction other than the one in which you have I f you aren’t concerned with to the IRS. If income is not reported to the IRS on an infor- mation return it does not alter the tax benefits, your legal duty to report it. The citizenship or residency in, has existence of a foreign bank ac- you may very something of a mystique sur- count is required to be disclosed well be with rounding it. For some an off- on Form 1040, Schedule B, Part liability. Off- shore bank account may sound shore banking III and a Form TD F 90-22.1 like something out of a spy While can limit a credi- must be filed by June 30th of movie, or a way in which rich offshore bank- tor’s access to your each year to disclose the loca- people try to evade taxes. But ing isn’t just for the funds as they are subject tion and other information about the truth is that many people super wealthy anymore, to different laws from differ- any foreign bank accounts with use offshore bank accounts for it’s not necessarily for poor ent countries. Because so many a collective value of more than many reasons. Offshore banking persons either. Depending on countries encourage international $10,000 at any time during the is absolutely legal, it has been which bank you choose minimum trade and enterprise, most have only prior calendar year. There are regularly used by companies, deposits can vary anywhere from limited restrictions on residents doing substantial penalties for failing organizations, business or having bank accounts in other to report income from foreign $1500 to over $10,000. While investing and indi- countries. However, reporting requirements accounts or for failing to file the a fortune is not necessary, investing a sig- viduals on these accounts differ from country to coun- proper forms. nificant amount to make it worth your while is, alike for otherwise the travel costs you might incur may try. OFFSHORE many If you do fail to report income, far exceed the savings. In the U.S. residents are required to declare BANKING IS years. there income on a worldwide basis and tax is it is important to know that The main reason people usually choose an there is no U.S. statute of limi- PERFECTELY payable on all your income. This means as far as tations on your tax returns. If offshore account is for the tax benefits that they LEGAL
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  • 12. Sept 5 - Oct 5, 2011 Sept 5 - Oct 5, 2011 American Survival Magazine American Survival Magazine the IRS finds out about a for- jurisdictions offer extraordinary levels of con- eign bank account many years fidentiality they cannot offer complete secrecy. from now, everything will be All financial institutions have a legal obligation subject to penalties, and inter- to report suspicions of serious criminal conduct. est, plus the taxes that should Foreign authorities seek information through the have been paid. It only takes legal system where there are well-founded suspi- one audit for this to happen. On cions of serious crime. The IRS has taken legal this note those who might have recourse against a myriad of big offenders which some unreported foreign is evidenced on their wall of shame. In fact accounts or assets because of their limited man power and could benefit resources the IRS tends to go for big from the IRS’ ...TAX offenders. 2011 Offshore PLANNING, AND Voluntary A serious offense is defined as Disclosure PROTECTION OF anything that would warrant a Initiative. FINANCIAL prison sentence of at least twelve months in that jurisdiction. The This is the ASSESTS closest that can be achieved is the IRS’ attempt to collect on de- near absolute anonymity and confi- linquent accounts dentiality that is seen using a combi- by giving a uniform and nation of various offshore vehicles, in- predictable penalty and mini- cluding International Business Companies (IBCs) mizing the likelihood of litiga- and Offshore Trusts. Otherwise, all personal data tion; for those who fear their is subject to modern data protection legislation, infraction may warrant criminal and there are severe civil and criminal penalties prosecution. They saw the for breach of confidentiality and unauthorized value of this when taxpayers disclosure of client information. came forward voluntarily and So while we tend to think of offshore banking reported their previously un- unlawfully, it really is quite legitimate, and well disclosed foreign accounts and within your rights. American banks are obligated The lesson to be learned is assets during the 2009 Disclo- to report your income, offshore banks leave this sure program. play by the rules, reap the duty up to you. So upholding this legitimacy while Many have gotten in to this excercising your rights is your part. Legally you benefits of offshore bank- predicament thinking their can save on taxes, have a higher return on your investment and keep your affairs private. IZf you ing, and you too can have it money and assets were above reproach. Even though offshore don’t, the penalties could be very severe. made in the shade; literally. §asm§
  • 13. Sept 5 - Oct 5, 2011 Sept 5 - Oct 5, 2011 American Survival Magazine American Survival Magazine ASM. Factiod 1. 3 Surprising It’s always been easier to get a job if Longterm 2. you have a job, but now employers are actually starting to discriminate Unemploy- against the unemployed and refuse facts about to hire them. According to The New ment York Times, “A recent review of job Grads and vacancy postings on popular sites like Monster.com, CareerBuilder and the Young the Jobless Craigslist revealed hundreds that said employers would consider (or at least “strongly prefer”) only people cur- rently employed or just recently laid Recovery... off.” To be very clear about this, peo- ple laid off through no fault of their own, who are perfectly employable, now cannot get jobs because of the jobless recovery. No job, no job. It’s easy to look at younger workers So, the economy is supposedly recovering, but and think they’re just delayed in get- the refrain remains the same: “Where are the ting a start because there aren’t good In a country where marriage is viewed as an “institution” and an jobs available, but the fact is, this de- jobs?” entire political party espouses “family values,” the family is taking a lay will affect their whole lives. The And the answer remains the same: “They’re not huge beating from this jobless recovery. Quite simply, lower class and later they are able to start working here.” even middle class individuals don’t feel they can afford to marry, or in well-paying jobs in their field, the don’t want to marry without a job to support the family. “We could later they are able to start saving for In fact, the truth is, they’re not coming back. be headed in a direction where, among elites, marriage and family are retirement, not to mention getting According to Heidi Sheirholz, an economist at conventional, but for substantial portions of society, life is more matri- married and having families. archal,” according to The Atlantic article by Don Peck. And once these young people do get the Eonomic Policy Institute, “To get back to And those who are married? As unemployment continues, marriage into the workforce, they’re always the pre-recession unemployment rate by the crumbles. Men who lose their jobs often find it difficult to maintain middle of 2014, we would need to add roughly behind. They cannot simply catch their marriages with their new self-image. As unemployment rates up by climbing the corporate ladder 400,000 jobs every single month between now rise or remain stagnant, divorce becomes an option for an increasing because that ladder is crowded with and then. “ (That’s a level of growth more than number of the unemployed. the people who got their first. 3. three times the growth in July, 2011). As Don Peck of The Atlantic says, “a whole generation of young adults is Obviously this is a bad situation, but it’s good to likely to see its life chances perma- look at why it’s bad. It’s not enough to say, “This stinks;” we need to talk about why it stinks and Marriage nently diminished by this recession.” who it’s hurting. Here are 3 surprising facts about the jobless recovery and who it’s hurting. and Families
  • 14. Sept 5 - Oct 5, 2011 American Survival Magazine Are you ASM. The Union Stated proteced? The Obama Question Most “We’ve always known that lasting change Amerians wouldn’t come quickly or easily.” dont have a W With his bid for reelection With re-election looming Obama expresses hopes of there are several key factors that make President Obama’s re-election campaign a dis- clue. another grassroot uprising. mal prospect. The recent debt ceiling legislation is unpopular with virtually every section of voter and may end up being the major contributing factor. On the left voters feel betrayed that Obama and other democrats caved Own the Book that to a largely republican deal. On the right voters feel let down because the deal doesn’t even begin to solve is Becoming a our debt problem (Social Security and Medicare future obligation 77.9 trillion, 2011 debt 14.3 trillion, cuts by Nationwide 2021 2.1 trillion.) And in the center voters are disap- pointed with Washington’s partisanship, crude tactics, Sensation at a... and inability to focus on job creation. Even though there is a congratulatory mood in Washington over reaching a deal, there is now even less Discounted Price! of the type of bipartisanship needed to pass key items on his agenda. Many Republican have lauded the deal as a success, and their tactics as necessary promising to Extremely use them in to “perpetuity”. With attitudes like this im- migration, energy, unemployment and other priorities that require cooperation will prove to be difficult tasks. Limited Offer The debt agreement also limits the amount of money there is to pursue the infrastructure and education goals, previously envisioned by the Obama administra- tion . This coupled with the rising popularity of GOP hopefuls and the recent dissent in Mr. Obama’s camp will make for a very challenging reelection campaign.