80 percent of U.S. Adults face near-Poverty, Unemployment, Survey finds

More and more wealth keeps getting concentrated in the top 10%. This game is rigged for sure. How do the rich keep getting richer when they have to pay so much in taxes? Someone want to explain that one? I say give working class at 30% pay raise and watch the economy sore. But then again that would make too much sense for the top 2% of the greedy bastards to comprehend. It's the American Way of Today. This is free market capitalism managed by some of the best politicians corporate and association money can buy. Corporations are free to perform their fiduciary responsibility to make money for investors. If that is done by hoarding capital, investing in grey market derivatives, and maximizing labor from fewest employees as models of efficient production - then the system is working as it should. Now friends, make sure you stretch and save from your unemployment checks and low-wage mix of 2 and 3 job incomes. You will need it to get an education so you too can be burdened with debt and face challenges of offshoring and automation with grace and dignity.

The American Dream Slipping Away ~ Peter Johnson

Peter Johnson, Jr.: The American Dream Slipping Away - Fox News - July 29, 2013

Warren Buffet stated, "There is a Class War going on in America, & unfortunately, my class is winning.". What amazes me is that Americans still think that America has the best of everything, from medicine to quality of living..When there will be more children in the US this year with bankrupt parents than divorced parents. With around 120,000 people declared bankrupt each month, many of the squeezed middle-class see the American dream slipping away.

For Sale: The American Dream

The US' housing bubble burst nearly six years ago, but the worst may be yet to come.

After a landmark settlement, the major banks have lifted a freeze on foreclosures and government relief has been too small to make a difference.

"We are often portrayed as the bad people, like we basically just come in and make all the money from people who are in bad situations. But the fact is, if we don't buy the property then the bank [will] take the property back."

- Amy Chen, a real estate investor

Public housing budgets have been slashed, leaving larger numbers of people with no place to call home.

The line between home ownership and homelessness is growing ever more blurry, but neither President Barack Obama nor Governor Mitt Romney have made housing a major campaign issue.

Meanwhile, popular anger is rising over the perceived impunity of the banks and some have found innovative ways of fighting back in an age of austerity.

Fault Lines travels to Chicago and California to see how people at the frontlines of the crisis are confronting the collapse of the American dream.

"If you ask people who have been foreclosed upon, whose fault is it? They often they say it's mine. It's my fault, I did the wrong thing, instead of kind of saying this is a systemic problem," explains David Harvey, a social theorist and a professor of anthropology at the Graduate Center of the City University of New York.

"Capital is always producing surpluses, at the end of the day if you have got a profit, you've got a surplus and the big question is what do you do with it.

"[So] what you do is that you take part of that surplus and you reinvest it in something. And in United States, housing and urbanisation in general has been a vast field for expansion of profitable opportunities."

WHY IS AMERICA CRUMBLING RIGHT BEFORE OUR VERY EYES RIGHT NOW?

The American Dream is Dying : There is a group of ridiculously wealthy people who believe that 1984 isn't a cautionary tale, but rather a model of society where the powerless can never overthrow the powerful. That is not the type of dream I strive for.

I would go as far to say that the "American Dream" was still-born. TBH, let's face it: the American Experiment as a whole is a failure. Firstly, the country started off on the wrong foot: hypocritical racist physiocrats with confederalism at any cost versus racist crypto-monarchist Hamiltonians, the lone voice of reason Thomas Paine drowned out and labelled a fool. The America of today is the reaping of what was sown. Best to just burn the ground and plant afresh...