David Cay Johnston: America's Long Slope Down
A broad swath of official economic data shows that America and its
people are in much worse shape than when we paid higher taxes, higher
interest rates and made more of the manufactured goods we use.
The numbers since the turn of the millennium point to even worse
times ahead if we stay the course.
Let’s look at the official numbers in
today’s dollars and then what can be done to change course.
First, incomes and jobs since 2000 measured per American:
Internal Revenue Service data show that average adjusted gross income
fell $2,699 through 2010 or 9 percent, compared to 2000. That’s the
equivalent of making it through Thanksgiving weekend and then having no
income for the rest of the year.
Saturday, June 23, 2012
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