From the May 28, 2008 edition of TIME Magazine:
- 75% of all income gains from 2002 to '06 went to the top 1% -- households making more than $382,600 a year
- The median American family made $58,407 in 2006. That's $991 less, when you adjust for inflation, than the median in 2000...
- ...the top 0.01% now control 5.46% of all income, their highest share on record (the data go back to 1913)
- ...for the fiscal year 2008 (which ends in September) the government will probably spend $500 billion more than it takes in, a deficit of 3.5% GDP.
- 47 million Americans lack healthcare insurance.
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2 comments:
Sounds fairly accurate. I was about to say sounds about right, but decided to rephrase.
LOL - no, it does not sound "right" but sadly, it does sound correct.
Interestingly enough, the captcha for this comment was toejamo, which raises all kinds of ugly images in my mind...
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