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grahamhgreen

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Member since: Thu Dec 30, 2004, 03:05 PM
Number of posts: 15,735

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Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year

http://www.washingtonsblog.com/2015/10/goodbye-middle-class-51-percent-of-all-american-workers-make-less-than-30000-dollars-a-year.html

"Washington’s Blog


Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year
Posted 16 hours ago by WashingtonsBlog
By Michael Snyder, End of the American Dream.

The Middle Class - Public DomainWe just got more evidence that the middle class in America is dying. According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year. Let that number sink in for a moment. You can’t support a middle class family in America today on just $2,500 a month – especially after taxes are taken out. And yet more than half of all workers in this country make less than that each month. In order to have a thriving middle class, you have got to have an economy that produces lots of middle class jobs, and that simply is not happening in America today.

You can find the report that the Social Security Administration just released right here. The following are some of the numbers that really stood out for me…

-38 percent of all American workers made less than $20,000 last year.

-51 percent of all American workers made less than $30,000 last year.

-62 percent of all American workers made less than $40,000 last year.

-71 percent of all American workers made less than $50,000 last year.

That first number is truly staggering. The federal poverty level for a family of five is $28,410, and yet almost 40 percent of all American workers do not even bring in $20,000 a year."

Bernie Berns It Down!!!!!

Bernie Berns It Down!!!!!

Polling Data: Clinton vs Obama & Clinton vs Sanders (OCT 18)



My Pic of the Day

Posted by grahamhgreen | Mon Sep 7, 2015, 03:48 PM (5 replies)

Thought: Syria is like New Orleans after Katrina. They WANT all the poor sand people to leave.

When there's blood in the streets, buy real estate, they say.

In My View, The Wealthiest Should Pay At Least 90% of Our Taxes.

According to the New York Times, the "richest 1 percent in the United States now own more wealth than the bottom 90 percent".

Therefore, I believe, they should be paying 90% of taxes.

Agree or Disagree?

If you disagree, what percent should they pay (or you if your one of them, lol)?

Michael Moore's New Film Declares War on War!

http://www.theguardian.com/film/2015/jul/29/michael-moore-film-where-to-invade-next-us-government-war

Hillary Folks: Sen Sanders wants to Break up Big Banks. Where does Sec Clinton Stand on this Issue?

This is a policy discussion only. What is her position?


Sanders Files Bill to Break Up Big Banks

Wednesday, May 6, 2015

WASHINGTON, May 6 – Sen. Bernie Sanders (I-Vt.) today introduced legislation to break up the nation’s biggest banks in order to safeguard the economy and prevent another costly taxpayer bailout. Rep. Brad Sherman (D-Calif.) proposed a companion bill in the House.

The 2008 financial crisis had a devastating impact on the U.S. economy. It cost as much as $14 trillion, the Dallas Federal Reserve calculated. The Government Accountability Office pegged the cost at $13 trillion. The Congressional Budget Office estimated that the crisis nearly doubled the national debt and cost more than the Bush tax cuts and the wars in Iraq and Afghanistan combined.

The six largest U.S. financial institutions today have assets of some $10 trillion, an amount equal to almost 60 percent of gross domestic product. They handle more than two-thirds of all credit card purchases, control nearly 50 percent of all bank deposits, and control over 95 percent of the $240 trillion in derivatives held by commercial banks.

The Sanders and Sherman legislation would give banking regulators 90 days to identify commercial banks, investment banks, hedge funds, insurance companies and other entities whose “failure would have a catastrophic effect on the stability of either the financial system or the United States economy without substantial government assistance.”

The list would have to include Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and Wells Fargo. These eight institutions already have been deemed “systemically important banks” by the Financial Stability Board, the international body which monitors the global financial system. Under the legislation, the U.S. Treasury Department would be required to break up those and any other institutions deemed too big to fail by the treasury secretary. Any entity on the too-big-to-fail list would no longer be eligible for a taxpayer bailout from the Federal Reserve and could not use their customers’ bank deposits to speculate on derivatives or other risky financial activities.

To read the bill and a summary click here and here. LINK: http://www.sanders.senate.gov/newsroom/press-releases/sanders-files-bill-to-break-up-big-banks


What is Sec Clinton's position on this important issue? FOR OR AGAINST?

Many TPP'ers argue manufacturing must be outsourced due to costs. Why stop there? Wall Street would

be cheaper to operate in Vietnam. Why not offshore all our jobs?


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