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I would wager that is correlation, not causation. The boomers were hitting their peak working, earning, and consuming years in the 1980s and 1990s, and that created growth in a sorts of spheres. We are at the end of that boom, and consumption is way down, because the boomers have peaked and are going downhill. And the new generation bought the boomers inflated homes and is screwed. No mon, no fun.
I don't think Reaganomics explains it, but it does a good job of explaining the deficit.
Yes, of course. The positives are not due to Reagan but the deficit is Reagan's fault.
Newsflash... the Congress controls spending (and the 1980s Congress was controlled by Democrats).
This is absurd, because the vast majority of federal employees are lower and middle class. They are regular people. Relatively few are upper middle class, and vanishingly few are upper class (earning over $250k/yr.). No matter what they do, they never earn more than 4 times what a school teacher earns, so they are hardly living like pashas. And most could earn more in the private sector, but they like serving the country (park rangers, government engineers,etc.). The government elite notion is a myth. They only look like they are getting ahead because the private worker is going down the tube fast, and they are doing comparatively better. Perhaps that is due to the unions, or perhaps their skills or duties are America-specific, and less vulnerable to the race to the bottom that is rapidly underway in the private sector.
Here in California the elites are the government workers who often seem to end up with multi-million dollar pensions.
Then there is the problem in government that they've been over growing the employees like cancer cells.
Before Democrats were buying votes in the 60s out of a thousand people maybe 4 or 5 worked for the government. Now it is more like 100+ out of a thousand.
That is all unsustainable and why you will see a great reduction in government employment and the size of government.
Major corporations pay massive amounts of taxes. Exceptions like GE and Exxon are because they can offset their foreigh taxes. That is why they end up paying nothing here (because they earn most of their money, and pay most of their taxes overseas).
GE may have paid no income taxes, but exxon mobil certainly did, to the tune of $1.3 billion in 2010 and $59 billion from 2006-2010, all of it US taxes. and that $59 billion in taxses paid was $18 billion MORE than the companies operating earnings in the US during the same period.
Here in California the elites are the government workers who often seem to end up with multi-million dollar pensions.
That is true nationwide. Whoever thinks government workers are middle class regular people is highly delusional. Government workers are the elite protected class, multi-million dollar pensions and all.
They want to serve Dick Armey and their Corporate Masters and help make America a Third world Labor force in order to serve the Colonial Masters they have sold America to
Their tactics of destroying the unions and reducing wages are no different than those of National Socialist Germany when Prescott Bush and Fritz Thyssen were making deals with Hitler. They are the greatest threat America has seen since Slavery
I wish more people would realize this. They just keep voting for them. Its crazy
Because the GOP thinks if you're just middle class, it means that you were too lazy to try becoming a CEO, are therefore no better than a welfare recipient, and deserve nothing. In fact, you're worthless to society because you don't create jobs, and to ask for a tax break must mean that you're just looking for a handout from the feds.
Only the ones who sit on piles of cash deserve breaks from the government, not those who struggle to get by.
Yep, if you're not Richard Branson or a corrupt bankster, you are non-existent to all....this is why working/career women will never vote Repub..
No, they are just snarling lapdogs (Pekingese) for the wealthy and corporate class. They govern for the people who write them the largest checks. And that ain't the middle class. They keep the social conservative pit bulls chained out in the yard, and throw them some raw, spoiled meat once in a while. That keeps the furniture cleaner, and keeps the middle class from snooping around and trying to use their democracy.
Why does the GOP attack programs that help the poor and attack unions that help the middle class, while at the same time push for policies that favor the rich or defend tax cuts for the rich?
of course you realize our corporations pay the higest taxes of any industrialized country don't you? Why do we wnat to cut programs: have you ever heard the phrase "no more money" ? Unions had a place, many years ago, they are part of the problem now. If they were doing so much for the middle class why would their membership keep eroding? as for tax cuts for the rich, it isn't tax cuts most object to, it is tax increases. Why would anyone stirve to do better if all they are going to do is give the money back to those who don't give a damn if they work or not? I am not talking about those in read need, those who are disabled, those who can not find a job and have honestly tried, those who are just above the poverty line so they are considered working poor but can't get some benefits that would help them. I am talking about the people who have learned to live off the governmnet, those who are here illegally and think they have a right to emergancy care when they have a cold and those who are just plain lazy. Talk to friends or family members that work in an emergancy room at an inner city hospital, check out those who use their food stamps to buy crap? I am middle class and I resent supporting any of these types...
Nita
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Why Does the GOP Attack the Middle Class, While at the Same Time Protect the Rich?
