Middle Class Squeeze
We've been feeling it for several years. Get a new job with a much higher income, but have to move to an area with a similarly larger cost of living. Medical deductions always rise more than raises. And that damn grocery bill. Right now our skinny boys are young and picky -- when they're teens, we may have to take out a home equity loan every year just to feed them -- if we have a home with equity.
So articles about studies like this which describe that Middle Class Squeeze are no shocker to us, nor to members of the reality-based community, which is similarly made up of the middle class.
"Families are being forced to live beyond their means, just to pay for the basics, such as housing and health care," said Christian Weller, a senior economist for the Center for American Progress, which is headed by John Podesta, a former Clinton-administration chief of staff. "They are not only spending their current income but all their future income."
Members of the reality-making community (the Fortune 500 and their best buds), however, feel differently.
"Let's not kid ourselves. The data say we're wealthy. And we're one of the wealthiest nations on Earth," said Tim Kane, a director at the Heritage Foundation, a conservative think tank in Washington, D.C.
If we're one of the wealthiest nations on Earth, is he saying the wealth belongs to all of us equally? Since that would be Communism, or at best Socialism, then it's fair to say that America is generating great wealth, but not everyone is benefiting from the bounty. In fact, mainly those at the top with their meat hooks in the halls of power are getting it, which he goes on to admit: "You can make a case that there is increased inequality, with the rich getting richer ... ."
Why, that would mean the all-boats-rise-with-the-tide-trickle-down theory is a huge steaming pile of crap. From ancient Egypt to feudal Europe, it always has been. If Tim Kane admits that we don't share at least proportionally equally the wealth of our nation, what exactly does "Let's not kid ourselves" mean?
I think it means "Look over there! Yoink! 'Bye."