Showing posts with label destruction of the middle class. Show all posts
Showing posts with label destruction of the middle class. Show all posts

Oct 6, 2022

How do you destroy people making less than $50,000/year on Social Security and Other Low Wage Working Class Caste Positions


Biden-Flation Eats Away An Entire Month of Americans’ Paychecks and It’s Not Going Away


'It is shocking how many Americans are losing ground every month...Americans are facing the steepest pay cut in 25 years, according to a new report by the Dallas Federal Reserve.'...they are skipping meals. They’re dipping into their savings. Seventy percent say they’re looking for extra work to find a way to somehow make ends meet. “We’ve got a lot of Americans who decided to delay their own retirement because they don’t know how to make it in Joe Biden’s very cruel economy. The president is doing nothing about reducing those crushing prices.”


Reference: house.gov
Tags: destruction of the middle class,Destruction of the elderly,Inflation,Biden Legacy,


Jul 10, 2019

Seven reasons to worry about the American middle class


Seven reasons to worry about the American middle class


'...Middle-class incomes are stagnant Despite gains in national income over the past half-century, American households in the middle of the distribution have experienced very little income growth in recent decades...'


Reference: www.brookings.edu
Tags:

Jan 4, 2019

Shutdown: Why Are Federal Workers Punished So Illegals Can Enter The U.S.?


Dems unprepared for a partial government shutdown that lasts for months and months


'...In other words, a prime segment of the Democrats' coalition is in a financial hole that gets deeper and deeper with each passing day – all because Nancy Pelosi says a border wall is "immoral," a nonsense proposition that only sycophants can mouth without inner doubts. The position that not even a dollar should be spent on a border wall is not viable, which means that a compromise on calling it a "slatted fence" or "border protection" or some other euphemism is going to get more attractive to the federal employees and to the political bosses...'


Reference:www.americanthinker.com
Tags: Illegal Immigration, Border Wall, Shutdown 2018, Shutdown 2019, destruction of the middle class,

Oct 6, 2017

House Budget is an attack on FERS employees more so than CSRS, cuts G Fund rate, ends SRS, raises employee contributions again


House advances 2018 budget resolution with federal retirement cuts


'...Those reforms would include: Higher employee contributions to the federal defined benefit pension plan; An elimination of supplemental payments to employees who retire before age 62; A switch to a defined contribution pension plan for new federal employees; reduce the G fund’s rate of return in the Thrift Savings Plan...'


Reference: federalnewsradio.com
Tags: destruction of the middle class, Attack on Veterans, The destruction of FERS benefits, CSRS vs FERS,

Feb 10, 2017

Wage Stagnation and Inflation


Nominal Wage Tracker


'...Despite the incomplete nature of the recovery, influential voices are already calling for the Federal Reserve to guard against inflation by raising interest rates to slow the economy. The stakes in this debate are high. Macroeconomic policy (including monetary policy) that prioritized very low rates of inflation over low rates of unemployment is a key reason why real wages have stagnated for the vast majority of American workers in recent decades (as we have shown through our Raising America’s Pay initiative). Widespread wage growth will not occur over the coming years if the Federal Reserve prematurely slows the recovery in the name of fighting prospective inflation...'


Reference: Economic Policy Institute
Tags: monetary policy, Federal Reserve, Macroeconomic policy, wage stagnation, Inflation, destruction of the middle class,

Notes: Real Estate and Medical are what's driving inflation. Primarily, medical related economics are what is harming the economy the most while having the greatest impact on low and middle incomes.