Archive for November, 2012

Entitlements

November 7, 2012

Ok, the working class spending is 70% of the economy. Wages(our standard of living) has been forced down(in real money)since the sixties(experts agree). Now lets extrapolate from these widely reported figures and facts. The economy in the tank because the 1% sent it there by lowering wages to compete in the world economy. i.e. replacing the American spender with emerging country spender.
Where would the entitlement programs be today if we had a modest pay increase per yr. across the last 50 yrs. if the gov. had been able to collect the taxes on those loss wages?
So my point is, this is all orchestrated, this whole problem was brought about by programs to to lower the standard of living in America.

Advertisements