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Your supposed meat cutters are mythology. They DO not exist. Average wages in this country have gone up $2.37 in the last 28 months. This supposed "country on the verge of depression?" is a complete media manufacture myth. IT does NOT exist anywhere.

It's pretty much agreed that personal debt per capita is the highest it has been since just before the "Great Depression".

Last I looked, the IRS has stated that reported personal income has dropped the last 3 or 4 years.

In terms of real dollars, taxes, etc. the middle class salary peaked around 1972.

If you want more you have to pay me because I need to eat.

"Last I looked, the IRS has stated that reported personal income has dropped the last 3 or 4 years."

Can't speak for the IRS, but the Bureau of Labor Statistics shows person income did decline during the recession from 2001-2004, but leveled in 2005 and increased in 2006.

In terms of real dollars, taxes, etc. the middle class salary peaked around 1972."

Uh, no. See:

The Average American: 1967 And Today

Some details:

Median Income (Men)*

1975 $33,148

2005 $41,386

Median Income (Women)*

1975 $12,697 (38% of men)

2005 $31.858 (77% of men)

* All figures in 2005 inflation-adjusted dollars. Source: Census Bureau