Are you taking 'lessons' from douche bag? Glad you apparently like swans ... but try to stay on topic ..
This has WHAT to do with middle class? Ohhhh, just your feeble mind again deviating from the topic. If you want to discuss the one parent high poverty stuff take it to the appropriate thread. Or have you been humiliated enough on that thread?
Great article... when you combine the savings destruction and repressed interest rates with progressive taxes and this (see chart below) ...you get middle class elimination... It disgusts me that the Fed is creating so much cash for their cronies... for free... and then the Fed and the IMF and their cronies like buffet and others come out and argue for more taxes? Could the suppression of competition be more obvious?
That's the logic you are using to deny that our middlle class has a problem: because the middle class persons you know are doing ok. It's a fallacy.
It's like with high poverty families .. they make CHOICES .. many have kids they can't support financially. Same with middle class (or any family) .. we all make CHOICES on how we spend our $$$. Sure, some have stagnant wages/salaries. But that may mean watching spending more closely. How many middle class families that are now whining drive around in big SUV's -- from Tahoes to Yukons to Escalades. Hey, it's their choice to spend $50K to $70K on a car, a depreciating asset. They could just as easily buy a smaller less expensive vehicle and INVEST the remaining $$. Or use it to pay down any debt. And if wages are an issue then what's preventing people from finding a part time job on weekends .. there are plenty of options out there.