Saturday, June 25, 2011

Pesky Data Thwarts GOP Talking Points AGAIN!

Jared Bernstein:
Back in 1979, the average income of the top 1% was about 33 times that of the bottom fifth. In 2007, that ratio had grown to 100. The real income of middle-class households grew 19% over these years, less than 1% per year, while that of the top 5% grew by about 150% and the top 1%, by 240%.
What part of "the rich are getting richer" isn't clear to the GOP Tea Party?
Source: CBO


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