This could spark riots

This is one of those headlines that just screams: "Ya Think?" This story broke last week as it concerns Mayor Bloomberg's assessment of the situation and yet mainstream media just let it float on by. Little notice was paid and less commentary was offered as it concerned the Mayor of New York and his misgivings concerning a potential societal collapse in this country.

But the reality is more than chilling to those like myself. Those who have see the proverbial 'writing on the wall' for at least the last generation. America can no longer sustain the house of cards that our brand of modern day socialism has wrought. We can't pay for it and worse, we can't pay for what we have already obligated ourselves to.

And finally, even those on the liberal fringe are beginning to talk in murmurs of the what ifs of the reality. Bloomberg may have run as a republican, but he is as far from conservatism as one can possibly be. Yet he sees the problem and is sounding the warning. Albeit too late IMO.

Bloomberg: Jobs crisis could spark riots here

New York City Mayor Michael Bloomberg is worried that high U.S. unemployment could lead to the same kind of riots here that have swept through Europe and North Africa. "You have a lot of kids graduating college, [who] can't find jobs," said Bloomberg, during his weekly radio show on Friday.

 "That's what happened in Cairo. That's what happened in Madrid. You don't want those kinds of riots here." That was the mayor's response when asked about the poverty rate, which rose to 15.1% in 2010, its highest level since 1993, according to census data released Tuesday. About 46.2 million people are now living in poverty, 2.6 million more than last year.

"The public is not happy," he said. "The public knows there is something wrong in this country, and there is. The bottom line is that they're upset." Riots have gripped various countries in European cities, including Athens and London, fueled by young people infuriated by high unemployment and austerity measures, which in some cases has led to looting. High unemployment among youth is also one of the driving forces behind the Arab Spring, as impoverished protestors in North Africa and the Middle East rose up against their heavy-handed governments.

"The damage to a generation that can't find jobs will go on for many, many years," said Bloomberg. The mayor, an independent, criticized the partisan politics that have stymied progress in Congress, and the inability of Republicans and Democrats to compromise on ways to fix the economy.