That Fundamental Change to the Economy of our Constitutional Republic and the Middle Class that drives that Economy is workin out just about the way every informed person figured it would. The only question is, do you approve of this Fundamental Change, or not? If youre not an informed person, simply continue to vote Democrat, blame Republicans and make fun of the Tea Party. Here it is, in short. Our Economy has declined because of the added costs created by the LAYERS of partisan Democrat growth of bureaucracy and regulation that has also driven inflation and the costs of employment since 2007, as well as the poor management of deficit spending far beyond anything for which Democrats blamed 43. ;) From the article... ~ ...the Journal analyzed Labor Department data on 2013 out-of-pocket spending for the middle 60% of the population by income—households earning between about $18,000 and $95,000 a year, before taxes. The data show they are losing ground. Overall spending for the group rose by about 2.3% over the six-year period from 2007, even as inflation totaled about 12%. At the same time, income for the group stagnated, rising less than half a percent. With health care and other costs rising, these consumers spent less on furniture, entertainment, clothing and even child care, the Journal analysis found. “Part of the story is that your income growth is slowing,” said Steven Fazzari, an economist and chairman of the sociology department at Washington University in St. Louis. “They’re spending more on necessities, cutting back on other types.” The overall cost of health care rose by 21% between 2007 and 2013, according to separate data from the federal Centers for Medicare and Medicaid Services. And employees paid more for workplace insurance, averaging $380 a month for family coverage in 2013, up 39% from 2007, data from the Kaiser Family Foundation shows. ~ -Strayer finance.yahoo/news/basic-costs-squeeze-families-002900254.html
Posted on: Thu, 04 Dec 2014 02:26:10 +0000
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