It’s a wheat field but we can do the same to corn fields.
“As we enter the final countdown in our third debt-ceiling crisis in two-and-a-half years, most of us have heard at least some discussion of Section 4 of the 14th Amendment, which dictates that the “validity of the public debt of the United States … shall not be questioned.”
Chuck full of specifics. No generalities here!
“Tax cut”, “Tax cut”, and “Tax cut.” Plus “eliminate job crushing regulations”, ”job crushing regulations” and more “job CRUSHING regulations”. We can take trickle down economics to a new level!
The Truth-O-Meter Says: “True”
The combined net worth of the 2012 class of the 400 richest Americans is $1.7 trillion, up from $1.5 trillion a year ago. The average net worth of a Forbes 400 member is a staggering $4.2 billion, up from $3.8 billion, and the highest ever, as two-thirds of the individuals added to their fortunes in the past year. Another factor: the gap between the very rich and the merely rich is widening. Only two in the top 20 are poorer, and as a group they are worth $73 billion more than a year ago.
That “47% comment” by Mitt Romney was on the campaign trail. He meant those folks who are mooching off less than 3.5% of the country’s wealth….
On the same day as the GOP proposes to slash billions from food stamps; not a word is mentioned at Fox News aside from welfare pays more than minimum wage in most states.
Welfare pays more than a minimum-wage job in 35 states, creating little incentive for Americans to take entry-level work and likely increasing their long-term dependency on government help, according to a new study by the libertarian think tank Cato Institute.
However, “welfare benefits continue to outpace the income that most recipients can expect to earn from an entry-level job,” the study authors said. “And the balance between welfare and work may actually have grown worse in recent years.”
Among the other findings is that welfare in 13 states pays more than $15 an hour, compared with the federal hourly minimum wage of $7.25.
The disparity was even higher in nine states in which welfare pays more than the average first-year teacher’s salary and in the six most-generous states, which pay more than the entry-level salary for a computer programmer.
The 52-page study, titled “The Work Versus Welfare Trade Off,” points out a full package of welfare benefits often exceeds take-home pay in part because benefits are tax-free.
The study’s author argues that if Congress and state legislatures are serious about reducing welfare dependence and rewarding work, they should consider strengthening welfare-to-work requirements, removing exemptions and narrowing the definition of work. This could include reducing benefit levels and tightening eligibility requirements.
Cato senior fellow Michael Tanner, who did a similar study in 1995, told FoxNews.com on Wednesday that the problem goes beyond legislative changes and that the country needs to reform its education system to better prepare Americans for the workforce.
He also repeated the argument that entry-level workers don’t stay at that level, arguing just 2.6 percent of full-time worker are poor and only 42 percent of Americans are engaged in work activities, which includes job training and looking for employment.
“We need to get people to think long term,” Tanner said
The Washington-based Center on Budget and Policy Priorities argues the study has several flaws, including that it “lumps together” a set of safety-net programs, including Medicaid, housing assistance and food stamps, and that “all poor families in which the parents aren’t working receive all of these benefits.”
Source: Fox News
Could it be that the Party has suppressed wages that much? Nah….