On Jan 30, 3:49 pm, Wes <[email protected]> wrote: > You can never save enough to counter an insufficient income. I believe > more and more people are falling into that catagory. The title of this > thread is the poor are not getting poorer, that may be true but more > people are getting poorer. i once had an almost middle class job and i > felt pretty normal. now i wonder if i fit the poverty guidelines and i > feel pretty fortunate to be as well off as i am. > > My comments may seem hostile and unfriendly, sorry, didn't want it to > be so.
I'm pissed about it actually, and you should be too. The rich are using you as insulation for their fat, and then making people believe the poor aren't poor enough for their tastes. The fact that 4 out of the 8 years Bush Jr. was President saw the lowest savings rates since the Great Depression...yet no one seems to be able to read the signs of a repeating history. The rich already own everything, but that isn't enough, they want you to be asleep and dream the American dream while they steal whatever else you might have left. > On Jan 29, 6:44 pm, Sage2 <[email protected]> wrote: > > > 14 Trillion in debt > > and 26 Trillion by 2025 at the rate were going. Darn! The value of all out-rightly owned US assets is some $65 trillion. So having loans outstanding for $14 trillion isn't bankruptcy, and is precisely why the US is not in default and won't be anytime soon. The fact that the rich have become MUCH richer, and still haven't created the necessary jobs in the US is a mere unwanted deniable fact that you try to keep quite for good reason. So your stale lying argument is; "give the rich more". #1) In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one. #2) A USA Today analysis of government data has found that paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of 2010. During the same time period, government benefits (Social Security, Medicare, unemployment insurance, food stamps, etc.) rose to a record high. #3) According to the United Nations, the United States now has the highest level of income inequality of all of the highly industrialized nations. #4) Four of the biggest banks in the United States (Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup) had a "perfect quarter" with zero days of trading losses during the first quarter of 2010. #5) According to economists Thomas Piketty and Emmanuel Saez, two- thirds of income increases in the United States between 2002 and 2007 went to the wealthiest 1% of all Americans. #6) 39.68 million Americans are now on food stamps, which represents a new all-time record. But things look like they are going to get even worse. The U.S. Department of Agriculture is forecasting that enrollment in the food stamp program will exceed 43 million Americans in 2011. #7) For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together. #8) Over just one three day period, approximately 10,000 people showed up to apply for just 90 jobs making washing machines in Kentucky for $27,000 a year. #9) Executives at many of the big banks that received massive amounts of government bailout money during the financial crisis are being lavished with record bonuses as millions of other Americans continue to suffer. #10) Younger generations of Americans are particularly struggling. For example, according to a National Foundation for Credit Counseling survey, only 58% of those in "Generation Y" pay their monthly bills on time. #11) Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009. #12) Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008. Not only that, more Americans filed for bankruptcy in March 2010 than during any month since U.S. bankruptcy law was tightened in October 2005. #13) An analysis of income tax data by the Congressional Budget Office a couple years ago found that the top 1% wealthiest households in the United States now own nearly twice as much of the corporate wealth as they did just 15 years ago. #14) A staggering 43 percent of Americans have less than $10,000 saved up for retirement. #15) Once great blue collar manufacturing cities such as Detroit have turned into rusted-out war zones while corporate executives rake in record bonuses by moving factories to third world nations. #16) The bottom 40 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth. So what does that say about America when nearly half the people are dividing up just one percent of the pie? -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
