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(Townhall)   Nearly 76% of Americans in the recovering economy are now living paycheck to paycheck   (townhall.com) divider line 14
    More: Ironic, Americans, Greg McBride, David Limbaugh, unexpected events  
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1358 clicks; posted to Business » on 25 Jun 2013 at 10:06 AM (43 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2013-06-25 03:48:03 PM
2 votes:

xaks: But, yea, I'm a prick for making smart financial decisions with my life and my families' future.


You live in Florida.  How smart can your decisions be?
2013-06-25 09:59:44 AM
2 votes:
All that wealth will trickle down some day.  I just know it.
2013-06-25 09:58:03 AM
2 votes:
something something bootstraps
2013-06-25 09:57:01 AM
2 votes:
I bought a gun so I can live mugging to mugging.
2013-06-25 09:44:25 AM
2 votes:
The economy isn't getting better and the unemployment numbers we keep seeing are far from accurate. According to 76 percent of Americans are living paycheck-to-paycheck....Meanwhile, a new Rasmussen Report shows the majority want the government to cut spending in order to spur economic growth.

I'd ask that Townhall connect those dots for us, but:

1)  Cut spending is their answer to everything, including, "What would you like for breakfast?"

2)  I don't care for Jackson Pollock's work.
2013-06-25 09:32:44 AM
2 votes:
I bet they have refrigerators though, so quit bellyaching.
2013-06-25 09:31:51 AM
2 votes:

Diogenes: Funny what happens when you keep concentrating wealth at the top of the ladder and cut the bottom rungs off.


Nonsense. By cutting off the bottom rungs, you just create more incentives for people to stay higher up.
2013-06-25 12:23:24 PM
1 votes:

The Stealth Hippopotamus: Can you name the government that has done this? What government in the history of man has served the people to the level you are thinking of? Rome worked out really well for it's people for a long time, however they ground up and used up whole continents to make that work. Unless you want to start a Pax America we are going to have problems.


There are other nations than the USA, you know. Canada, Australia, the Scandinavian nations are all doing reasonably well at serving their people. I don't much like the current Conservative government here in Canada just now, but that's mainly because I perceive them as moving towards the American model!

It is possible to have a government not beholden to corporatism that functions reasonably well. Part of your problem is that you have been exposed to the idea that government is bad for so long you have stopped seeing that those who are telling you this are doing so for ulterior motives. If you don't trust government and are disenchanted with its inability to remedy problems, then you end up contributing to that inability.

What you need to remember is that government is not static. It changes with time. Currently the American system as it is now is the result of a decades long slow process of co-option by business interests. Note that I mean no conspiracy here. I simply mean that businesses have predictably used their money to leverage political power incrementally over the years through a variety of means, including the spreading of their ideology.

This is not irreversable. It can be remedied by a similar process that will be long and incremental. The problem is finding the political will to engage in that process. That means either money or sufficient social dysfunction to provoke public outcry and unified demands for change. Currrently the moneyed interests in the USA are doing their best to play the disaffected off against each other in order to maintain their pôwer and privilege. Again, this does not require conspiracy, simply people being people and seeking their own personal short term interests at the expense of the long term interests of their society.

It remains that government is the only estate of society that is intended to be responsive to the will and needs of the people. Business and industry manifestly is not; they are responsive to the need to make more profit for the owners and shareholders. The media can be, but there is no designed intent for such as their is with government, and they have also been deeply infiltrated by corporatism.
2013-06-25 12:21:09 PM
1 votes:
Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses

Having 5 months' expenses in a savings account is paycheck to paycheck now? Well, shiat.
2013-06-25 12:03:02 PM
1 votes:
Ingorance is strength
2013-06-25 11:00:40 AM
1 votes:

Nemo's Brother: The liberals tried to battle the war on poverty. Detroit was their frontline.  They failed.


Erhhh Detroit is failing because Michigan is failing, and because of the loss of the manufacturing and specifically the car industry. So I don't know what you are talking about. But that's okay, because you don't seem to either.
2013-06-25 10:34:16 AM
1 votes:
Obvious tag off to get another payday loan?
2013-06-25 09:44:21 AM
1 votes:
WHAR JERB CREATORZ WHAR
2013-06-25 09:29:34 AM
1 votes:
Funny what happens when you keep concentrating wealth at the top of the ladder and cut the bottom rungs off.
 
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