You should see one particular chart from the Congressional budget office. Here’s what it says: The lowest two quintiles (lowest 40%) of wage earners averaged $17,400 in 1979. The Top One percent of wage earners averaged $167,500 in 1979. By 2007, the 27th year of the Neoconservative Era, the bottom two quintiles made $20,500. That’s [...]
Entries Tagged as 'deficit spending'
Raise Taxes or Cut Entitlements–You Decide.
July 2nd, 2010 · 1 Comment · Capitalism, Economics, jobs, Politics, taxes
Tags: CEO pay·Corporatism·cuts in Medicare spending·cutting taxes·cutting the national debt·deficit spending·entitlements·government deficits·raising taxes·Social Security and Medicare·the national debt·the top 1% of income earners
Hypocrisy, Thy Name is Ryan!
June 26th, 2010 · Comments Off · Capitalism, Economics, jobs, Politics
Oh boy! Ohboyoboyoboyoboy! Just when you think you have heard every lie, every phony claim, every stinking innuendo, every slavish following of the superstitiously silly, wretchedly excessive Rich Right Wing of the Oligarchic Obstructive Republican Party…you get another surprise. Saturday morning, June 26, 2010, the Republicans, and their new puppet, Paul Ryan, an embarrassment to [...]
Tags: cutting the budget·deficit spending·Democratic budget·Medicare reimbursements for doctors·national debt·Representative Paul Ryan·Republican budgets·Republican response·Republican spending·Senator Scott Brown·unemployment insurance