According to the Congressional Budget Office, the after-tax income of the top 1 percent rose 228 percent from 1979 through 2005 and middle class income has remained flat over the last 4 decades. Taking into account the growing debt burden of the middle class for health care and education, the uninsured and the underinsured middle America is not only sliding backwards - it is disintegrating.
So just what were those tax cuts supposed to stimulate?
It seems the tax cuts have stimulated the great sell off of American jobs and industry in exchange for a huge national debt. It has been disguised, as the War on Terror and been the greatest Corporate Tax Giveaway not just in American history - but in the history of the world! Quite Impressive!
It truly is remarkable for anyone that is paying attention - although not to be seen in our continuing to be consolidated media. The media is too busy scaring the middle class [boo] and creating a war on "terror". Maybe it is because the consolidated media is one of the corporate beneficiaries to vacuum cleaner economics.
We vote - the corporations, the rich and powerful then get whatever they want.
Just let me know when the trickle will be starting.
If the vacuum cleaner stays on any longer we'll all be in poverty. Vacuum cleaner economics has been sucking up the nations resources and creating a rich and poor - the middle is well on the way to being destroyed.
Hey Congress, can you turn off the vacuum?
Total number of Americans: 300,000,000
Total consumer debt of Americans: $3,000,000,000,000
Average debt per U.S. household: $30,000
This is in addition to the National Debt.
