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The failure of the Congressional Super Committee to reach a “deal” on cutting the future national budget deficit proves one thing — no one should vote Republican in the upcoming federal elections.
Yes, there are some fine people running as Republicans, but this admonition has nothing to do with individuals and everything to do with survival for everyone who is not part of the super rich who are consistently favored by the actions of elected Republicans.
Recent PBS reports on economic inequality in America, and how the Great Recession happened as detailed in the book AFTERSHOCK by Robert B. Reich, document some startling facts.
First, due to Republican actions over the last 30 years, the top 20 percent of Americans, as measured by money and property, now own 84 percent of this nation’s wealth, while the bottom 40 percent own just three-tenths of one percent of the nation’s wealth, according to PBS’ Paul Solmon.
The richest one percent of Americans, those with incomes above $398,000 in 2007, owned 23 percent of the nation’s wealth, according to Reich.
Reich points out that the last time this happened was in 1928, just before the Great Depression.
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