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Keyword: middleclass

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  • Romney To Hold 24 'Strengthening The Middle Class" Events in 13 Swing States

    08/02/2012 8:48:14 AM PDT · by kingattax · 24 replies
    Breitbart Big Government ^ | 8-2-12 | Tony Lee
    Mitt Romney’s campaign will hold 24 “Strengthening The Middle Class” events today and Friday in 13 swing states, which include Iowa, Michigan, Missouri, North Carolina, New Hampshire, New Mexico, Nevada, Ohio, Pennsylvania, Virginia, Wisconsin, Florida, and Colorado. Local business owners and politicians will headline the events that will emphasize how Romney’s economic policies will make conditions better for the middle class. In Florida on Thursday night, Sen. Marco Rubio will headline an event in Orlando. .
  • "Middle Class Americans" is a made-up-term

    07/15/2012 10:11:01 AM PDT · by bunkerhill7 · 33 replies
    google books ^ | 2012 | google
    Of the 300+ books on google books using the term, "middle class America", only one earliest is 1971, a few in 1980`s and 95% in 1990`s and 2000`s til now. I never heard the term "middle class Americans" in my youth, not even in college sociology classes in 1960`s. It appears to be a made-up-term borrowed from English social class structure as defined by Webster. These communist sociologists try to force an Englsh social model upon America which is impossible- to make a square peg fit a round hole in an fallacious attempt to define a fluid social dynamic of...
  • Obama's love for the middle class? Now, that's rich

    07/13/2012 4:11:01 PM PDT · by neverdem · 7 replies
    Cleveland Plain Dealer ^ | July 12, 2012 | Kevin O'Brien
    View full sizeSusan Walsh, Associated PressOn Monday, President Barack Obama refined his class-warfare strategy a bit, separating the upper middle class from the middle class. He announced that he would favor allowing the expiration of the Bush-era tax cuts for the rich, whom he defines as individuals earning more than $200,000 a year and married couples earning more than $250,000 a year. He would, however, favor retaining something he and other Democrats apparently just discovered: the Bush-era tax cuts for the middle class. Who knew that such a thing existed? But yes, there they are, right there in that pile...
  • Michelle Obama is the president's middle-class messenger

    07/11/2012 2:28:12 PM PDT · by ColdOne · 25 replies
    politico ^ | 7/11/12 | JENNIFER EPSTEIN
    President Barack Obama’s pitch to voters this year centers on his fight for the middle class at what he calls a make-or-break moment. The problem: His exotic life story and rise to the presidency don’t help him connect with struggling swing voters — people who are still feeling the effects of the economic downturn and leaning toward Mitt Romney.
  • Joe Biden: Rich Guys Like Mitt Romney Just Don‘t Understand ’Middle Class Folks Like Me’

    07/11/2012 11:35:46 AM PDT · by Nachum · 31 replies
    The Blaze ^ | 7/11/12 | Jason Howerton
    As Keith Koffler of the White House Dossier points out, Vice President Joe Biden actually thinks he’s part of the middle class. This, despite the fact he made nearly $400,000 in 2011, placing him comfortably in the “rich” category President Obama has created in his bid to raise taxes on the country’s top income earners making over $250,000-per-year. However, addressing the National Council of La Raza in Las Vegas on Tuesday, Biden — without mentioning he and his wife had an adjusted income of $379,000, according to his 2011 tax return — suggested he is just your average middle class...
  • US Federal Individual Income Taxes by Income Level 2001-2009

    07/05/2012 8:10:52 PM PDT · by justlurking · 29 replies
    Internal Revenue Service ^ | July, 2011 | IRS
    Since the "soak the rich" rhetoric has begun again, I though it was a good time to make sure that everyone knows exactly how adjusted gross income and federal individual income taxes are distributed among the various income brackets. I hope the moderators will indulge me and leave this in front-page news. I encourage everyone to bookmark this thread or the original source of data, so that you can refer to it when someone claims that the rich aren't paying their fair share. First, let's start with the source of the data: That's an Excel workbook. If you don't...
  • Obama threatens veto of bill combining tax cuts for middle class, top earners

    07/10/2012 4:30:24 AM PDT · by tobyhill · 13 replies
    Fox News ^ | 7/10/2012 | fox news
    President Obama is threatening to veto any legislation that extends all the tax cuts set to expire at the end of the year, as he presses Congress to extend those cuts only for families whose yearly income is less than $250,000 -- and raises taxes on everyone earning more. The veto threat sets the early tone for what is expected to be a contentious battle between Democrats and Republicans through the rest of the year as they seek to avoid the so-called "taxmageddon" -- the sudden increase in taxes on all Americans that will occur if Congress doesn't vote to...
  • With Today's Tax Flip-Flop Obama Moves Left of Pelosi, Hits 900K Small Bizs

    07/09/2012 1:28:24 PM PDT · by Nachum · 18 replies
    Breitbart ^ | 7/9/12 | John Nolte
    With the economy threatening to fall into another recession and job growth plummeting, Obama came before the American people today demanding taxes be raised on those making over $250,000 a year, including what he admitted would include 3% of small businesses. Even if that 3% is correct, which is disputed, that 3% means a tax increase on 900,000 small businesses. That's nearly a million small business owners who will now be even more crippled and have less capital available to expand their payrolls -- which of course means fewer jobs for the middle class and the poor who would like...
  • Pelosi Statement on President Obama’s Call to Extend the Middle Class Tax Cuts

    07/09/2012 10:33:54 AM PDT · by Sub-Driver · 18 replies
    Pelosi Statement on President Obama’s Call to Extend the Middle Class Tax Cuts July 09, 2012 Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today after President Obama called for the extension of tax cuts for all Americans making up to $250,000 per year: “Today, President Obama once again stood firmly with America’s middle class and small businesses. Democrats and the President have always fought for an extension of the tax cuts for middle-income families to offer greater relief and economic certainty to all working Americans. “Once again, Republicans must decide: will they continue to hold middle...

    07/09/2012 8:52:45 AM PDT · by kingattax · 32 replies
    Big Government ^ | 9 Jul 2012 | John Nolte
    President Obama is obviously panicked. Last month Obama and his supporters spent a lot more than Mitt Romney, but even with that cash advantage and the media on their side, the polls haven't budged. Moreover, the President and his campaign have been running around frantically trying to find something that will stick to Romney, be it provable lies about his outsourcing and outright smears involving offshore accounts. Still, Obama can't get above 47% and Romney hasn't even started campaigning in earnest or spending the $160 million he has on hand. Today, in yet another desperate attempt to win a news...
  • Obama to Push Extension of Middle Class Tax Cuts

    07/09/2012 6:58:36 AM PDT · by MrChips · 23 replies
    AP ^ | 7/9/12 | Julie Pace
    WASHINGTON (AP) — President Barack Obama is launching a push to extend tax cuts for the middle class, as he seeks to shift the election-year economic debate from the dismal jobs market to assertions that Republican rival Mitt Romney protects the rich. Obama, in an address from the White House later Monday, will call on Congress to pass a one-year extension of tax cuts for households making less than $250,000 a year, said senior campaign adviser Robert Gibbs. The president's appeal to middle-class voters is aimed at drawing a contrast with Romney and congressional Republicans. The House GOP is expected...
  • The Real-World Middle Class Tax Rate: 75%  

    If we include all taxes, the real-world tax rate is much higher than the "official" income tax rate. For those Americans earning between $34,500 and $106,000, the real-world middle class tax burden in high-tax locales is 15% + 25% + 5% + 15% + 15% = 75%. Yes, 75%. Before you start listing the innumerable caveats and quibbles raised by any discussion of taxes, please hear me out first. Let's start by defining "taxes" as any fee that is mandated by law or legal necessity. In other words, taxes are what is not optional. If we include all taxes, the...
  • WSJ Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K a Year

    07/02/2012 7:22:33 AM PDT · by Beave Meister · 7 replies
    Human Events ^ | 6/30/2012 | Jim Hoft
    Take Your Medicine, America… Stephen Moore, Senior Economics Writer with the Wall Street Journal, told FOX and Friends this morning that nearly 75% of Obamacare costs will fall on the backs of those Americans making less than $120,000 a year.
  • How Badly Has Obama Alienated the Middle Class? (Here's why Obama may lose in November)

    06/14/2012 2:18:30 PM PDT · by SeekAndFind · 20 replies
    National Journal ^ | 06/14/2012 | Michael Hirsh
    If President Obama loses in November, the new numbers out showing a calamitous drop in Americans' median net worth--we lost 20 years' worth of prosperity in the Great Recession, folks--will tell a good part of the story why. Bottom line: he lost the middle class. According to the Federal Reserve, a broad group of Americans loosely defined as the middle class saw its net worth plummet from a median of $126,400 in 2007 to $77,300 in 2010. It's hardly fair to blame Obama for what began in 2007, but there's no reason why he shouldn't also be saddled with some of the...
  • Mitt Romney Delivers Remarks in Michigan: “A New Course May 9th, 2012 8:50 am [Video]

    05/09/2012 9:25:58 AM PDT · by fight_truth_decay · 8 replies
    MRCentral ^ | May 9th, 2012 8:50 am | Rebel Ross Reports
    Here are the remarks as I was reading them via the teleprompter control screen during Mitt’s speech. It was very interesting to see how many times Mitt added parts to the speech that were not in the prompter and also how many times he simply changed the wording on the fly. I’d love to get a chance sometime to see if President Obama does the same thing or if he stays 100% true to the prompter.
  • 95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs

    05/03/2012 3:00:28 PM PDT · by SeekAndFind · 5 replies
    The Economic Collapse ^ | 05/02/2012 | Michael Snyder
    Who is the biggest loser in the ongoing decline of the U.S. economy? Is it the wealthy? No, the stock market has been soaring lately and their incomes are actually going up. Is it the poor? Well, the poor are definitely hurting very badly, but when you don't have much to begin with you don't have much to lose. Unfortunately, it is the middle class that has lost the most during this economic downturn. According to Bloomberg, 95 percent of the jobs lost during the recession were middle class jobs. That is an absolutely astounding figure. Yes, some executives...
  • Why Are the Rich Still Enamored of Obama?

    04/22/2012 5:52:49 AM PDT · by Kaslin · 45 replies ^ | April 22, 2012 | Austin Hill
    A question for the rich: if President Obama successfully breaks the backs of the working middle class, is that really good for you? And how about this: if over half of your fellow Americans pay no income taxes and are quite happy to have you foot the bill for our wasteful bloated government, will that be good for your portfolios– or anybody else’s? We’re less than seven months away from selecting either four more years of Barack Obama, or a new President named Mitt. At this point President Obama isn’t running on his track record, so much as he is...
  • Obama: Thank You For Not Asking About My Tax Hikes on Families Making Less Than $250,000

    04/12/2012 9:09:15 AM PDT · by 92nina · 4 replies
    ATR ^ | 2012-04-10 | John Kartch
    Stumping for his “Buffett Rule” tax increase in Florida today, President Barack Obama said the following: “For those people who make under $250,000 a year – like 98 percent of American families do – then your taxes don’t go up.” – Barack Obama, April 10, 2012 But since taking office, President Obama has signed into law at least seven new or higher taxes on families making less than $250,000 per year. President Barack Obama’s central campaign promise – a “firm pledge” against “any form of tax increase” on families making less than $250,000 per year – was shattered when he...
  • Are middle-class American kids too lazy?

    03/18/2012 12:05:02 PM PDT · by Redcat · 59 replies
    Houston Chronicle ^ | March 15, 2012 | Francisca Ortega
    Remember when you were a kid and your evenings and weekends were spent doing chores like drying the dishes, cleaning your room, raking the leaves, scrubbing the toilet and whatever else your parents could think of having you do the second you opened your mouth and said, “I’m bored”? According to some anthropologists, those days are over. Kids in middle-class American families have become complacent; they expect their parents to do everything for them. And why do they expect their parents to do everything for them? Well, because their parents do everything for them!
  • Are We Coming Apart?

    02/18/2012 6:37:10 AM PST · by Kaslin · 35 replies
    We are experiencing an ever widening cultural divide, according to Charles Murray. Upper-middle class professional types may pretend that they are cultural relativists, accepting of whatever lifestyle their fellow human beings happen to choose. In reality, they live by old fashioned puritan values, however. They get married and stay married. They work hard and work long hours. Not so for the blue collar, never-got-beyond-high-school class, however. A shocking number aren't even working at all. Many are not getting married in the first place. Of those that get married, the divorce and separation rates are soaring. What about happiness and well-being?...
  • How Taxing the Rich Harms the Middle Class

    02/15/2012 6:48:25 AM PST · by SeekAndFind · 7 replies
    The American ^ | 02/15/2012 | By Aparna Mathur
    President Obama’s budget speech on Monday expanded on the theme of economic “fairness,” like his State of the Union speech in January. He lectured Americans that if critical steps are not taken, the rise of the middle class will be threatened and disparities between the rich and the rest will continue to grow. A general theme was that taxing the rich would get us a long way towards reducing income inequality. This may be why President Obama failed to extend the promise he made last year to fight for corporate tax reform. Why lower tax rates on “rich” corporations if...
  • Obama's Big Government Absorption Of The Middle Class

    02/10/2012 6:16:54 PM PST · by joeclarke · 1 replies
    JoeClarke.Net ^ | 02/10/2012 | JoeClarke.Net
    According To This Study You can do as well working one week a month at minimum wage as you can working at a $60,000-a-year, full-time, high-stress job President Obama in 2008 tried very hard to vilify "rich people" making over $250,000 per year. Since he desperately needs more than those middle class business owners, he has now upped the ante and is charging harder than ever after millionaires and billionaires, even though he has already received sizable donations from millionaire Wall Streeters. They can rest assure that Obama will be paying them back with interest if he is reelected. This...
  • The GOP's Working Class Muddle (Santorum, Romney and class-warfare)

    02/02/2012 1:50:41 PM PST · by CutePuppy · 13 replies
    WSJ (opinion, editorial) ^ | January 6, 2012 | Kimberley A. Strassel
    < snip > ..... If Republicans have an opening this year, it is with the white working class, a crowd the Democratic Party has been hemorrhaging for decades. Barack Obama did better than John Kerry or Al Gore with these voters, though even he earned just 43% of their vote. ..... < snip > ..... The white working class will make up as much as 55% of the vote in states like Ohio and Pennsylvania. ..... < snip > ..... And so at the heart of the Santorum agenda are policies designed to give special handouts to the working class,...
  • The 'Take Care of Me' Society is Wrecking the USA

    01/30/2012 9:51:18 AM PST · by blam · 9 replies
    Fiscal Times ^ | 1-30-2012 | MAUREEN MACKEY
    The 'Take Care of Me' Society is Wrecking the USA By MAUREEN MACKEY, The Fiscal Times January 28, 2012You’ve played by the rules. Worked hard to put yourself through school. You’ve gotten a decent job and you pay your taxes. You’re faithfully paying down your mortgage and saving money in a 401(k) – all to secure your finances and your future. But now there are a lot more “takers” than “makers” in this country – and the impact is systemic and long-lasting. A prevalent new “moocher culture” is changing the character of this nation – that’s the core message of...
  • Obama unveils outsourcing attack against Romney

    01/11/2012 11:24:24 PM PST · by thecodont · 8 replies
    Los Angeles Times / ^ | January 11, 2012, 3:27 p.m. | By Christi Parsons and Rick Pearson
    Reporting from Washington and Chicago— Without ever mentioning Mitt Romney by name, President Obama on Wednesday introduced a theme he’s certain to use often against the leading candidate for the Republican presidential nomination: that he helped send American jobs overseas during his corporate career. In a White House seminar on creating domestic jobs, Obama praised corporate executives who have expanded their workforces in the United States. The president also proposed tax code changes to encourage such decisions. “That’s exactly the kind of commitment to country that we need, especially right now,” Obama said. “We’re in a make-or-break moment for the...
  • 30 Statistics That Show That The Middle Class Is Dying Right In Front Of Our Eyes As We Enter 2012

    12/31/2011 11:36:54 AM PST · by SeekAndFind · 30 replies
    The Economic Collapse ^ | 12/30/2011 | Michael Snyder
    Once upon a time, the United States had the largest and most vibrant middle class that the world has ever seen. Unfortunately, that is rapidly changing. The statistics that you are about to read prove beyond a reasonable doubt that the U.S. middle class is dying right in front of our eyes as we enter 2012. The decline of the middle class is not something that has happened all of a sudden. Rather, there has been a relentless grinding down of the middle class over the last several decades. Millions of our jobs have been shipped overseas, the rate...
  • No Friend of the Middle Class (Obama needs, “to destroy the middle class in order to save it.”)

    12/31/2011 1:48:26 AM PST · by neverdem · 43 replies
    American Spectator ^ | 12.30.11 | Ross Kaminsky
    By his reasoning, Obama needs to destroy the middle class in order to save it... --snip-- But this isn't just a job killer. It's a middle class killer. "According to EPA's Regulatory Impact Analysis, the final Utility MACT rule will increase electricity rates by up to 6 percent in some regions of the U.S. When combined with CSAPR, electricity rates are expected to increase by up to 23 percent in some areas. National Economic Research Associates projects that Utility MACT and other EPA regulations could increase electricity and other energy prices by $170 billion by 2020." And while your electricity...
  • America’s Best Kept Secret: Rising Suburban Poverty

    12/27/2011 2:12:04 PM PST · by SeekAndFind · 52 replies · 1+ views
    Fiscal Times ^ | 12/27/2011 | Michelle Hirsch
    For years, the food pantry in Crystal Lake, Ill., a bedroom community 50 miles west of Chicago, has catered to the suburban areas’ poor, homeless and unemployed. But Cate Williams, the head of the pantry, has noticed a striking change in the makeup of the needy in the past year or two. Some families that once pulled down six-figure incomes and drove flashy cars are now turning to the pantry for help. A few of them donated food and money to the pantry before their luck soured, according to Williams. “People will shyly say to me, ‘You know, I used...
  • Obama re-election theme: Champion of the middle class

    12/28/2011 6:43:45 PM PST · by Starman417 · 15 replies
    Flopping Aces ^ | 12-28-11 | DrJohn
    The new "strategerie" …increasingly, Obama and his aides have switched to a longer view, trying to focus attention on what they portray as the president’s defense of the middle class…The theme of giving the middle class a “fair shot” potentially works against whoever survives the demolition derby among the Republican hopefuls…The “fair shot” theme also provides a more positive message than previous Obama formulations, which some analysts saw as harder-edged attacks on the wealthy. I loved this part: “Obama set the stage for the new approach this fall as he told friends that he felt a need to deliver a...
  • RUSH: We Stand for Principle Over Politics and the Establishment Can't Stand It

    12/23/2011 1:56:05 AM PST · by Yosemitest · 23 replies ^ | December 21, 2011 | Rush Limbaugh
    We Stand for Principle Over Politicsand the Establishment Can't Stand It December 21, 2011 BEGIN TRANSCRIPT RUSH: "House Democrats tried Wednesday to force a vote on the Senate’s two-month extension of the payroll-tax cut, but Republicans gaveled the House closed to prevent them from having a chance, as top GOP leaders huddled down the hall to try to figure a way out of the mess. The House was set to hold a pro forma session, but two top Democrats, Reps. Steny H. Hoyer and Chris Van Hollen, demanded to be recognized to try to force a vote on the...
  • Obama’s Policies Are Gutting the Middle Class

    12/17/2011 8:00:03 AM PST · by IbJensen · 13 replies
    Pajamas Media ^ | 16 December 2011 | Don Blumer
    They don't work. They've never worked. And Obama's no friend of the middle class. It was more than a little disconcerting to watch President Barack Obama pretend to be a friend of the middle class in Kansas on December 6, and to watch the press lap it up as if it was the gospel truth. The record shows that Obama’s and his party’s policies, plans, and proposals have done more harm to the middle class than any administration in my lifetime. One of Obama’s core claims is that the policies of the past, coming from largely Republican administrations espousing and...
  • Obama's economic prescription for middle class

    12/08/2011 2:54:46 PM PST · by SmithL · 7 replies
    San Francisco Chronicle ^ | 12/8/11 | Debra J. Saunders
    In his big economics speech in Osawatomie, Kan., on Tuesday, President Obama asserted, "This is a make or break moment for the middle class." That's not good news for the middle class. What's the big problem facing Americans today? A lack of good jobs or the fact that rich people make more now than rich people used to make? The president seems to believe the latter. He seems to think that if Democrats raise tax rates on the wealthy, jobs will become fruitful and multiply. Or if they don't, at least he can blame Republicans for not agreeing to his...
  • Obama Promises to Save the Middle Class by Enslaving It

    12/08/2011 12:31:08 PM PST · by tcrlaf · 6 replies ^ | 12-7-11 | David Harsanyi
    Nothing says middle-class triumph like more regulation, unionism, cronyism and endless spending. In Teddy Roosevelt's era, President Barack Obama explained to the nation this week, "some people thought massive inequality and exploitation was just the price of progress....But Roosevelt also knew that the free market has never been a free license to take whatever you want from whoever you can." And he's right. Even today there are people who believe they should have free license to take whatever they want from whomever they can. They're called Democrats. Yet the president, uniter of a fractured nation, the mighty slayer of infinite...
  • Obama's Rx for the Middle Class

    12/08/2011 8:42:51 AM PST · by Kaslin · 10 replies ^ | December 8, 2011 | Debra J. Saunders
    In his big economics speech in Osawatomie, Kan., Tuesday, President Barack Obama asserted, "This is a make-or-break moment for the middle class." That's not good news for the middle class. What's the big problem facing Americans today? A lack of good jobs or the fact that rich people make more now than rich people used to make? The president seems to believe the latter. He seems to think that if Democrats raise tax rates on the wealthy, jobs will become fruitful and multiply. Or if they don't, at least he can blame Republicans for not agreeing to his economic package....
  • Growing Field of Smart Grid Technology Faces Opposition Over Pricing, Privacy

    11/13/2011 11:25:52 AM PST · by Dallas59 · 7 replies
    Washington Post ^ | 11/12/2011 | Washington Post
    The smart grid has been one of the most talked-about issues in energy policy. Experts — and manufacturers of equipment and software — have promoted the idea that “smart meters” could enable utilities to flip household appliances on and off to ease the load of summertime electricity demand and that the devices would help homeowners manage their refrigerators, lights and air conditioning, even controlling them remotely with cellphones, laptops or tablets.
  • Mother accused of welfare fraud (Hurting the Middle Class)

    10/15/2011 8:19:56 AM PDT · by xzins · 66 replies
    JAMESTOWN—A Jamestown mother was arrested on welfare fraud charges for allegedly receiving more than $3,600 in food stamps and family assistance benefits to which she wasn’t entitled, Chautauqua County Sheriff’s officials said Friday. Julia D. Toledo, 29, was arrested Friday morning and given appearance tickets for felony misuse of food stamps, fourth-degree welfare fraud and five counts of offering a false instrument. Toledo allegedly had failed to report to the Department of Social Services that she was receiving child support payments from the father of her child. Investigators said she fraudulently received $3,635.50 in benefits.
  • Foreclosure backlog deepens

    10/09/2011 1:12:37 PM PDT · by Borough Park · 36 replies
    NEW YORK (CNNMoney) -- As the foreclosure backlog continues to build up, delinquent borrowers are spending even more time in their homes without making mortgage payments. Once borrowers start missing payments, they spend an average of a year and nine months, or 611 days, in foreclosure before banks repossess their homes, according to LPS Mortgage Monitor. That's more than twice as long as three years ago, when the average was 251 days. Earlier his year, the average was 523 days. "The number of defaults in the pipeline has been huge and we had more problem loans than ever before," said...
  • Why America must Revive its Middle Class

    10/09/2011 11:23:59 AM PDT · by TruConservative · 58 replies
    Time Magazine ^ | 10/10/2011 | Jeffrey D. Sachs
    america was once the great middle-class society. now we are divided between rich and poor, with the greatest degree of inequality among high-income democracies. The top 1% of households take almost a quarter of all household income—a share not seen since 1929. An economy this lopsided cannot prosper. The poor and working classes are squeezed. The rich are increasingly absenting themselves from the country’s troubles. Their businesses sell goods and outsource jobs to China; their homes are behind gated walls; much of their corporate income is in offshore tax havens. It should be no surprise that our politics are foul...
  • Obama wears class warfare as a badge of honor

    On Tuesday our Proletariat-in-Chief Barack Obama ratcheted up the rhetoric to a crescendo, stating “if asking a billionaire to pay the same rate as a plumber or a teacher makes me a warrior for the middle class, I wear that charge as a badge of honor.” As I’ve already shown that is patently untrue; America already has glorious progressive tax structure that would make Karl Marx blush with envy. The tax structure in America ranges from 10-percent to 35-percent, however, only 53-percent of Americans pay any tax at all. Taxpayers in the lower brackets pay no tax at all, in...
  • Poverty In America: A Special Report

    09/18/2011 6:50:21 PM PDT · by RobertClark · 18 replies
    ZeroHedge ^ | 09/18/2011 | ilene
    Solutions Anyone? America is getting poorer. The U.S. government has just released a bunch of new statistics about poverty in America, and once again this year the news is not good. According to a special report from the U.S. Census Bureau, 46.2 million Americans are now living in poverty. The number of those living in poverty in America has grown by 2.6 million in just the last 12 months, and that is the largest increase that we have ever seen since the U.S. government began calculating poverty figures back in 1959. Not only that, median household income has also...
  • A Point of View: The revolution of capitalism

    09/04/2011 4:26:04 PM PDT · by chickadee · 31 replies
    BBC News Magazine ^ | 9/3/2011 | John Gray
    In fact, in Britain, the US and many other developed countries over the past 20 or 30 years, the opposite has been happening. Job security doesn't exist, the trades and professions of the past have largely gone and life-long careers are barely memories. If people have any wealth it's in their houses, but house prices don't always increase. When credit is tight as it is now, they can be stagnant for years. A dwindling minority can count on a pension on which they could comfortably live, and not many have significant savings. More and more people live from day to...
  • 34 Pieces Of Evidence That Prove That The Middle Class In America Is Rapidly Shrinking

    08/30/2011 12:50:17 PM PDT · by SeekAndFind · 14 replies
    The Economic Collapse ^ | 08/30/2011 | Michael Snyder
    Do you ever get the feeling that the middle class in America is shrinking? Well, you are not imagining things. A confluence of very troubling long-term economic trends has created an environment in which the middle class in America is being absolutely shredded. Today, most American families would be absolutely thrilled if they could live as well as past generations did. The dream of receiving a solid education, getting a good job, owning a beautiful home and enjoying the good things that America has to offer is increasingly becoming out of reach for a growing number of Americans. The...
  • America, the Needy-ful

    08/18/2011 7:53:12 AM PDT · by Kaslin · 11 replies ^ | August 18, 2011 | Kathy Fettke
    “How can the government help me?” This seems to be a growing sentiment among the American middle class. “The land of opportunity” is quickly becoming the “nation of the needy.” Here’s a question I received from a reader just last week: “I am not happy with how things are going since the Bush Administration allowed tax cuts for businesses and the wealthy. These cuts were supposed to end for those who just keep earning more off the middle class. My question is: I am told that investors can invest as little as $1000.00 in real estate, and make a living...
  • Air Conditioning, Cable TV And An Xbox: What Is Poverty In The US Today? – Analysis

    08/13/2011 5:03:45 PM PDT · by 2ndDivisionVet · 42 replies · 1+ views
    Eurasia Review ^ | August 13, 2011 | Robert Rector and Rachel Sheffield, the Heritage Foundation
    Each year for the past two decades, the U.S. Census Bureau has reported that over 30 million Americans were living in “poverty.” In recent years, the Census has reported that one in seven Americans are poor. But what does it mean to be “poor” in America? How poor are America’s poor? For most Americans, the word “poverty” suggests destitution: an inability to provide a family with nutritious food, clothing, and reasonable shelter. For example, the Poverty Pulse poll taken by the Catholic Campaign for Human Development asked the general public: “How would you describe being poor in the U.S.?” The...
  • Who Lost the Middle Class? - A question for historians in the not-too-distant future

    08/12/2011 7:57:00 PM PDT · by neverdem · 18 replies
    City Journal ^ | 11 August 2011 | Fred Siegel
    Forty years from now, politicians, writers, and historians may struggle to understand how America, once the quintessential middle-class society, became as socially stratified as Europe or even Brazil. Should that dark scenario come to pass, they would do well to turn their attention first to New York City and New York State, which have been in the vanguard of middle-class decline. It was in mid-1960s New York—under the leadership of a Barack Obama precursor, Hollywood-handsome John Lindsay—that the country’s first top-bottom political coalition emerged. In 1965, Gotham had more manufacturing jobs than any other city in the country. But the...
  • The middle class 'rioters' revealed: The millionaire's daughter, the aspiring musician ...

    08/12/2011 8:06:58 AM PDT · by SeekAndFind · 29 replies
    Daily Mail ^ | 08/12/2011
    Poverty, social exclusion, poor education - these are just some of the theories put forward to explain the recent rioting. Yet shockingly, among those in the dock accused of looting are a millionaire's grammar school daughter, a ballet student and an organic chef. A law student, university graduate, a musician and an opera steward also said to have taken part. They are just some of the youngsters from comfortable middle-class backgrounds who have been charged with criminality. Some of them were arrested at the scene, others handed themselves in after seeing their faces in photographs and on video. Whatever the...
  • The collapse of America's middle class

    08/02/2011 9:15:46 AM PDT · by Palter · 13 replies
    Asia Times Online ^ | 01 Aug 2011 | Spengler
    People seem to act irrationally when they have nothing to lose. Often we observe in wars that the losing side expends more blood and treasure after its position becomes hopeless. The American South sustained most of its casualties in the Civil War after July 1863, when the dual defeats at Gettysburg and Vicksburg made its position untenable. Athens suffered its worst casualties in the Sicilian gamble at the end of the Peloponnesian War. The Spanish ruined their empire and depopulated their core provinces during the second half of the Thirty Years War of 1618-1648 rather than cede dominance to France....
  • Middle classes to be hit by tax increase by the back door:

    08/01/2011 9:10:27 AM PDT · by AngelesCrestHighway · 24 replies
    Mail Online ^ | 08/01/11 | Paul Bentley and John Stevens
    President Barack Obama awoke today to furious reaction to his last-minute debt deal, with experts slamming the agreement as a cruel means of hitting middle classes with tax hikes 'through the back door'. The President and congressional leaders last night finally announced an agreement on emergency legislation to avert the nation's first-ever financial default. But while the dramatic resolution briefly lifted a cloud that had threatened the still-fragile economic recovery, critics said in the long run the middle classes would bear the brunt of the country's massive debt, with increased taxes set to cover for the White House's reluctance to...
  • Rampant Unemployment = The Death Of The Middle Class - The Working Class Is Being Wiped Out

    07/10/2011 6:25:18 PM PDT · by SeekAndFind · 49 replies
    The Economic Collapse ^ | 07/09/2011 | Michael Snyder
    Without an abundance of good jobs, the middle class in the United States is going to shrivel up and die. Right now, rampant unemployment is absolutely killing communities all over America. Hopelessness and poverty are exploding and many are now wondering if we are actually witnessing the slow death of the middle class. There simply are not nearly enough "good jobs" to go around anymore, and even many in the mainstream media are referring to this as a "long-term structural problem" with the economy. The only thing that most working class Americans have to offer in the marketplace is...
  • AP Exclusive: Medicaid for the middle class?

    06/21/2011 3:28:55 PM PDT · by SPI-Man · 50 replies
    By RICARDO ALONSO-ZALDIVAR, Associated Press – 8 mins ago WASHINGTON – President Barack Obama's health care law would let several million middle-class people get nearly free insurance meant for the poor, a twist government number crunchers say they discovered only after the complex bill was signed. The change would affect early retirees: A married couple could have an annual income of about $64,000 and still get Medicaid, said officials who make long-range cost estimates for the Health and Human Services department.