In the midst over the Congressional battle for the federal budget and the deficit, and the state battles for their own (Wisconsin topping that list), where we’re seeing union busting attempts, Mother Jones has a post with “Eleven charts that explain everything that’s wrong with America.”
A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
See all the charts here. Oh and here’s a news flash on the economic picture…
Budget cuts by state and local governments hurt the economy more than originally thought, according to a government release Friday.
And yes… It’s Still a Recession, friends. It’s still a recession.