The last 20 years have brought great wealth to a few while most of the population was lucky to break even. Whether you’re a member of the elite/protected class or one of the unprotected, it’s hard to deny this reality. Household income is going nowhere Here’s an update of Doug Short’s household income chart:
How to Steal from the Taxpayers While Blaming the Poor – Paul Buchheit
a vicious circle of hypocrisy: Americans dependent on the safety net are urged to “get a job” by the same free-market system that pays them too little to avoid being dependent on the safety net. Theft, Part 1: The Average U.S. Household Pays About $400 for Safety Net Programs for Low-Wage Workers According to the Economic Policy Institute, $45 billion per …
The Public Sector Is A Milk Cow For Private Enterprise – Paul Craig Roberts
Social Security and Medicare are under attack from Wall Street, conservatives, and free market economists. The claims are that these programs are unaffordable and that the programs can be run more efficiently and at less cost if privatized. The programs are disparaged as “entitlements.” The word has come to imply that entitled people are getting something at great cost to …
Real U.S. Unemployment Rate at 23.2%, not 5.5%
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers. The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) …