Jamie Dimon’s ‘cockroach’ economy is eating Main Street alive
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Back in 1989, when my high-school history teacher asked the class to name America’s biggest problem, I said “the federal debt.” Not just because debt is bad, but because Washington was pretending deficits didn’t matter — and voters let them.
Nearly 40 years later, nothing has changed. The numbers are bigger. The lies are the same. Ignore a problem long enough, and it grows until it devours you.
Our economy isn’t a Mr. Potato Head toy, where government spending sits neatly apart from everything else. It’s one big pile of money — and the federal government keeps shoveling from the productive side to the wasteful side.
Every dollar borrowed for political vanity projects is a dollar you can’t use to start a business or buy a home. As the federal machine consumes more and more of the pool, it’s not the elites who get crowded out. It’s everyone else.
Poor people’s home mortgages are down 46%. Rich people’s art-collection loans are up 30%.
This is what half a century of bipartisan corruption produces: a crony capitalist system that privatizes profit, socializes loss, and lets the rest of us drown.
Look at Walmart. The company pulls tens of billions of taxpayer dollars a year through the SNAP program — the same program many of its employees rely on to eat because Walmart won’t pay them enough to live.
Independent research confirms it: Thousands of Walmart workers depend on Medicaid and food stamps.
Big government lets big business pocket our tax money on both ends — profits in private, losses in public. Even their labor costs get offloaded to us.
So when politicians wail about a “government shutdown” disrupting SNAP payments, remember who they’re really worried about. It’s not the families at the grocery store. It’s the corporations cashing in.
RELATED: Trump admin blames Senate Democrats for SNAP debacle: ‘The well has run dry’
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A system this warped can’t last. You can call America the greatest nation in history if you like, but greatness doesn’t square with more than $38 trillion in government debt and record levels of personal debt.
Household debt, credit-card debt, mortgage debt — all at historic highs. Nearly a quarter of Americans are buying food on layaway. And 42% have zero emergency savings.
Meanwhile, Washington keeps inflating Wall Street’s floaties.
Main Street drowns while Big Government keeps Big Business comfortably above the surface.
Jamie Dimon thinks he’s just spotted the first cockroach. But the infestation started long ago — right inside the marble halls of Washington, D.C.
And if no one finally fumigates the place, the rot will force-condemn the entire country.
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