Homeless in America

The news that one million homes were repossessed last year in the U.S. and that more than that are expected to be foreclosed this year puts a significant damper on all that talk about economic recovery. Having that many people who are, in fact, "homeless" is a national disaster for any country.  For most people, their home is not only a place to live in, but their most prized possession, the single most important investment in their lives. Losing it is a major setback, one that is very difficult to recover from, especially in times of great economic difficulties.

So, other economic statistics and prognostications aside, this fact by itself is a measure of how deep is the hole in which the U.S is in.  The poor keep getting poorer and the middle class is being increasingly left homeless.  Communism and socialism may be dead, but capitalism isn't all that healthy.

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