Saturday, January 8, 2011

Getting Squeezed

In a great article, by Heather Boushey and Joshua Holland, they explain the falsity behind the message, being spread by Republicans, that we don't have money to afford a safety net any longer.

Read this article!

Here are some excerpts:

"The top 1% has grabbed most of the gains, seeing an impressive 250% increase in income between 1973 and 2005 from an economy that's grown by 160%."

"The share of federal revenues contributed by corporations has declined by two-thirds since 1962."

"The typical married couple works an additional 13.3 weeks per year - 533 hours - compared to a generation ago."

"The share of income going to wages is at the lowest level ever recorded, while the piece of the pie gobbled up by corporate profits is at its highest point since 1960."

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