"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people." - Penn Jillette.
Therefore, since the world has still/Much good, but much less good than ill,
And while the sun and moon endure/Luck's a chance, but trouble's sure,
I'd face it as a wise man would,/And train for ill and not for good.
You know they will never let the standard of living go up but will take it from somewhere else. That would be like giving people a non taxable raise. We cant have that.
Q4 spending GDP.jpg
And you will be reminded again that you are wrong.I will again point out that if baby boomer early retirement was the major cause of the rate drop then in 2011 when the baby boomers aged out of the rate calculation the rate would start to flatten out but it hasnt.
Again, Boomers are currently aged 51 to 69, and the oldest cohort is the smallest. Roughly 2/3 have not yet hit 65. Half are not eligible for Social Security yet. They probably won't be mostly out of the workforce until 2034.
"I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."
The number of rich people increases every year, and the number of retired people also increases. Also the current trend today is for young folks to stay in their parents households longer. And more families are becoming single income earner families so that the spouse doesn't have to work outside the home.
Back in the good ole days, it was expected that the wife would stay at home and be a homemaker and a good mom. Republicans used to believe in family values, obviously they no longer believe in family values.
otherwise things would be worse.
the American economy though has once again shown it's strength of muscle. however I think also companies are profiting but not needing to expand as much
as they did before 2008. they are running slimmer and leaner and building up huge reserves I think in case something like that would happen again.