Tuesday, January 1, 2013

America's Economic Inflection Point?

The most informative are the graphs for:
declining real median incomes
healthcare costs driving deficits
social security benefits growing faster than incomes
 
Note that last one: social security benefits have tracked inflation since 2000, but median incomes have declined 9%. Is it possible that the year 2000 was the American equivalent of the year 1970 in Soviet history--the time when stagnation and decline set in? We still have a trickle of productivity growth, but it all goes to the rich, the welfare class (including the largest welfare class, old people), and the health care sector. The remainder of the economy languishes. And the politicos and propagandists continue to spout their politically correct lies (also reminiscent of the old Muscovite empire's Orwellian inversions and concealments).

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