Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Extras | All Access e-Edition | Home RSS
 
 
 

Plan to end disparity?

September 20, 2011 - John D'Agostino
President Barack Obama’s $450 billion job plan is just one more attempt by the political upper-class — those with huge campaign coffers — to start class warfare in the United States.

Just who is supposed to help pay for this plan (using other people's money)? The upper class, since they don’t contribute their fair share in taxes, the president says. But at the rate the economy is not growing, those classified in the top 5 percent may not be there for long.

Just ask the middle-class citizen. According to the U.S. Census, the median household income has fallen to $49,445 in 2010 due to the recession — a 7.1 percent decrease from the peak in 1999. It also was the third straight decrease since 2007 when income levels were very similar to ’99. A little perspective on that income finds the county's median household income is about $40,000.

But, as a letter writer noted on our Opinion pages last month, if you took the public-sector salaries out of the equation, both the national and county median incomes would be much lower. That is because the largest income gains can be found in public-sector employment from 2008 to 2010.

When a recession hits like it did in late 2007, private companies and investors often become very conservative while riding out the tough times.

But not the public sector. Too often, it's business as usual with contracts to honor.

Obama's $450 billion jobs plan is this simple. If it looks too good to be true, it probably is.

Besides, it seems really similar to a plan in 2009 that never really worked as well.

 
 

Article Comments

No comments posted for this article.
 
 

Post a Comment

You must first login before you can comment.

*Your email address:
*Password:
Remember my email address.
or
 
 

 

I am looking for:
in:
News, Blogs & Events Web