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Consumer income hits 20-year low
humanevents.com ^ | Mar 2 2013 | By: John Hayward

Posted on 03/02/2013 5:13:49 PM PST by NoLibZone

Consumer spending propped up our weak economic numbers long enough to get President Obama through the election – which is one reason that he used to treat his “payroll tax cut” raid on Social Security funding as the most important #60Dollars in every American’s life, before suddenly and silently dropping it during the fiscal cliff showdown.

(Excerpt) Read more at humanevents.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: wages
But the good news is that welfare is up ,up ,up!
1 posted on 03/02/2013 5:13:52 PM PST by NoLibZone
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To: NoLibZone
Some of this was probably forward shifting income into 2012
due to the rising taxation rates for 2013,
but the trend-line is blunt


2 posted on 03/02/2013 5:33:32 PM PST by HangnJudge
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To: NoLibZone

Gov’t waste across the board is through the roof.


3 posted on 03/02/2013 5:33:52 PM PST by rdl6989
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To: rdl6989

Glad to see that we aren’t in a recession and that the economy is booming.


4 posted on 03/02/2013 6:06:07 PM PST by PAR35
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To: NoLibZone; ding_dong_daddy_from_dumas; Gilbo_3; NFHale; Impy; AuntB; stephenjohnbanker; ...

The SS/FICA payroll tax got Obama through the election, after that he abandoned it.

Some libs loved it because it was progressive, others were worried that it would discredit SS by disconnecting the taxes from the benefits.

They swapped in those SS IOUs faster for two years and Obama gets re-elected.

Not sure what the lesson is here though, except
‘Americans love free stuff’


5 posted on 03/02/2013 8:00:58 PM PST by sickoflibs (Losing to Dems and Obama is not a principle! Its just losing.)
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To: sickoflibs

Not sure what the lesson is here though, except
‘Americans love free stuff’


It’s not just the American people. It is human nature. It is why our constitution was so genius. It is why mankind must be constrained.

We are fighting a spiritual battle for the control of the US. The two sides are completely opposite in their world view and foundational beliefs. The conservatives believe man is basically evil and needs incentive to treat his brother right. The liberals believe man is basically good and should be free. No, I am not saying conservatives are against freedom. Quite the opposite. The two just value completely different freedoms. And the former understands why mankind needs the rule of law. People as a group, given the freedom to do so, always reduce their society to the lowest common denominator. It is why the former believes in creating a society ruled by the rule of law, not men. It’s because even those men at the top can not be trusted.

The whole point is clearly illustrated in the Bill Whittle video below.

It also illustrates what happens when a society is founded on the principles of unconstrained “good” man.

http://www.youtube.com/watch?v=_dwz_Z62e0s


6 posted on 03/03/2013 4:35:01 AM PST by cuban leaf (Were doomed! Details at eleven.)
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