The Conservative Cave
Current Events => The DUmpster => Topic started by: SSG Snuggle Bunny on June 26, 2010, 11:36:58 AM
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(http://www.cbpp.org/images/cms/6-25-10inc-f1.jpg)
Hm-m-m-m...
Now let's compare it to THIS chart:
(http://perotcharts.com/images/deficit/budgetdeficit15-640.png)
Other data points to consider:
Reagan has a democrat congress throughout
Clinton has a GOP congress from 1994
Dems take back congress in 2007
Conclusions:
* Wealth goes up in the 90s as deficit shrinks.
* When dems take back congress wealth continues to grow but deficit sky rockets.
* 9/11 hits the top 1% and top 5th hardest while the middle 5th actually sees growth.
* Those who are dependent on government suffer most when personal wealth declines.
The DU thread itself is a bunch of :jerkit: but here's the link for formality's sake:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8639878
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Sorry, I'm having a hard time believing that median (and that's what the middle fifth effectively is) income has only gone up 25 percent in 30 years. A REAL hard time believing that...to the point I'm going to look it up.
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Sorry, I'm having a hard time believing that median (and that's what the middle fifth effectively is) income has only gone up 25 percent in 30 years. A REAL hard time believing that...to the point I'm going to look it up.
Have to say I agree, what I did 30 years ago now pays more like 3 times what it did then, and it may actually fall in the second-lowest quintile instead of the middle one. Even the minimum wage has almost tripled over that time. Are these supposed to be inflation-adjusted dollars, perhaps? But hten, that would seem to be just as big a distortion in the other direction.