If the economy is getting better, then why do incomes keep falling? According to a shocking new report that was just released by the U.S. Census Bureau, median household income (adjusted for inflation) has declined for five years in a row.
This has happened even though the federal government has been borrowing and spending money at an unprecedented rate and the Federal Reserve has been on the most reckless money printing spree in U.S. history. Despite all of the “emergency measures” that have been taken to “stimulate the economy”, things just continue to get worse for average American families. Americans are working harder than ever, but their paychecks are not reflecting that. Meanwhile, the cost of everything just keeps going up. The Federal Reserve insists that inflation is “low”, but anyone that goes grocery shopping or that stops at a gas station knows that is a lie. In fact, if inflation was calculated the exact same way that it was calculated back in 1980, the inflation rate would be somewhere between 8 and 10 percent right now. Paychecks are being stretched more than ever before, and that is probably the reason why about three-fourths of the entire country is living paycheck to paycheck at this point.
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4 comments:
And who has been in control for the last five years in Washington? By the way, how's that hopey changey thingy doing for you now? Have we had enough yet????
You can blame Obamie and the Democrats for this. This is the plan for socialism. They are trying their best to get the average citizens dependent on the government.
You know I was just thinking. Do you think Chuck Cook and other mooches slopping at the government trough could go out and get a real job?
All that money printing and spending is going into the stock market to show that everything is "hunk-dory". This is how the govt will take away your investments, by flooding the market 'till it collapses.
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