Thursday, August 18, 2011

Debt, Debt, Debt: 90% of Americans Experience Income Decline As Wealth Gets Sucked Back Into Top .1% -- Debt Explodes As We Try to Make Ends Meet

Debt, Debt, Debt: 90% of Americans Experience Income Decline As Wealth Gets Sucked Back Into Top .1% -- Debt Explodes As We Try to Make Ends Meet: "Americans have made up for the decline in income by taking on large amounts of debt.

The cuts in taxes for the mega-wealthy have led to record wealth inequality and resulted in a huge national deficit. Meanwhile, to make up for the deficit created in part by tax giveaways to one-tenth of one percent of the population, Democrats and Republicans are committed to making draconian budget cuts to vital social services, which target the poor, middle class, elderly and sick, while handing out billions more in corporate welfare annually. (Inequality = Debt = Austerity)..."

I can totally relate to this.

2 comments:

MotivatedinOhio said...

This country has subsidized the Rich on the backs of everyone else.

Underground Politics said...

Yes we have and it really sucks. Helping out the middle class would do more good than helping those who don't need it at all!