Tuesday, December 27, 2005

Economic Progress

In case anyone hasn’t noticed, it’s getting tougher to get by in the US. Rent costs are going up, and a wage of 15.78 per hour is said to be the minimum for families who wish to avoid living in a tree.

The US minimum wage remains at $5.15, and has not increased since 1997.

The solution, according to our illustrious president? Huge tax cuts for those making over 300K a year. For folks in that category, apparently, inflation is important. If Steve Forbes is happy, everyone else must be too.

Many low-income people are forced to choose between paying rent, buying medicine, or providing books for their children, Bender said.
"How do people like that have holidays?" Bender asked. "They probably don't."

Here in NYC and its environs, you may have noticed, things cost more than in most of the country. What’s Mayor Bloomberg doing to help?

Watch for a new sports stadium near you.
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