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Actually, the middle class in the US has decreased while it's rising worldwide.In the last 25 years the standard of living has been raised for EVERYONE. No one has seen their standard of living reduced. They have color tvs, air conditioning, microwaves, game consoles and at least one car. As far as standard of living goes, it might never have reached this level of equality of standards between rich and poor before. Now we're talking about degrees. It's the difference between a Chevy and a Ferrari, or an air conditioned, central heated, one bedroom apartment and a 27 room mansion. What we have is not an inequality over standards but envy over the 27 room mansion.
Poverty today is synonymous with squalor and filth which is entirely under the control of the person making the complaint.
Another debunked lie. Social Security is not a ponzi scheme, we pay into our own fund from the time we start working until we retire. We are not paying for someone else
Obama is simply not a very bright person. He is unable to tell bad economic advice from a good one, much less to come up with good ideas on his own. He is in permanent state of confusion about the policy issues and that makes him overly cautious.
And that is a problem, because with Republican party so far in the la-la land, there is no one who can tell the truth to Americans.The truth is that if we want to keep Social Security and Medicare afloat we have to rise taxes. The population is aging and new medical treatments and drugs are being invented that can prolong people lives -- but at a cost. So if we want our seniors to live in dignity and have access to modern healthcare, we have to spend a bigger share of our income to finance the social programs.
Another truth is that the advances in technology increase the inequality. The economy was growing in the past 30 years, but the middle class living standards stagnated because all additional economic output is being sent to the top earners. The rich see their living standards rising fast at the expense of the rest. That calls for more wealth redistribution, not less.
After all, the US economy was growing faster in 50s, when the top marginal taxes were at 91%.
Somebody has to tell this to American people, somebody has to challenge the voodoo orthodoxy that has been guiding the US economic policy since Reagan times. I may be wrong, but I have little hopes that Obama will ever become that person. He is just too slow and too timid.
Oh for fucks sake picklehead, americans knew obama was a liar and voted him into a second term americans deserve to be lied to so sit back and watch them get what's coming their way. and laugh right out loud.
For Grandma
Another debunked lie. Social Security is not a ponzi scheme, we pay into our own fund from the time we start working until we retire. We are not paying for someone else
How can I find out how much is in my personal Social Security fund?
For Grandma
Another debunked lie. Social Security is not a ponzi scheme, we pay into our own fund from the time we start working until we retire. We are not paying for someone else
How can I find out how much is in my personal Social Security fund?
For Grandma
Another debunked lie. Social Security is not a ponzi scheme, we pay into our own fund from the time we start working until we retire. We are not paying for someone else
How can I find out how much is in my personal Social Security fund?
You don't need to know, that's the point! You will be getting the checks from the day you become eligible and until you are dead. And you don't have to worry that you will run out of money.
Those working now pay for their parents and grandparents. Later, their children and grandchildren will pay for them. How that is a Ponzi scheme?
For Grandma
Another debunked lie. Social Security is not a ponzi scheme, we pay into our own fund from the time we start working until we retire. We are not paying for someone else
How can I find out how much is in my personal Social Security fund?
For Grandma
Another debunked lie. Social Security is not a ponzi scheme, we pay into our own fund from the time we start working until we retire. We are not paying for someone else
How can I find out how much is in my personal Social Security fund?
The United States Social Security Administration