Monday, February 2, 2015

GOP Trickls Down Policies create Financial Disaster for 70% of Americans

http://www.politicususa.com/2015/02/01/gop-trickle-70-americans-facing-financial-calamity.html

For well over thirty years since Republican man-god Ronald Reagan declared that government is the evil destroying the great middle class, Republicans have maintained their demigod’s position that the solution to help the middle class is giving the richest Americans all of the nation’s assets and wealth. Since then, the rich have gotten richer and what was once a vibrant middle class is now less than vapor and on the verge of vanishing altogether. Instead of changing course and helping the majority of the population, Republicans still propose heaping wealth on the rich and increasing taxes on the bottom 90% of the population to complete the utter destruction of middle income earners. According to yet another report they are succeeding beyond their wildest dreams.
In recent data from Pew Charitable Trust research, over 70% of American households are facing regular monthly “financial strains,” and that over half of the population (55%) cannot generate enough income to cover even one month’s living expenses from savings or other liquid assets (things to sell). What that means is that the preponderance of Americans are barely making it from paycheck to paycheck and that just one bout of illness, even a temporary layoff, or other calamity means complete and utter financial ruin and poverty. This is the condition Republicans began creating 30 years ago and persist in exacerbating by their obstructionism in service to the one-percent.

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