Letting sequestration happen is just the latest burden Washington's politicians have dumped on a struggling and shrinking middle class.
Unless our bickering lawmakers come up with a solution, the Congressional Budget Office estimates that sequestration could knock 0.6% from the nation's gross domestic product and cost up to 750,000 jobs.
And this comes while most middle-class families are still struggling to adjust to the 2% reduction...
shrinking middle class
The Secret to Leaving the Middle Class Behind
The middle class in America is caught in a vise, and they need a way out.
There is a way, of that I am sure.
But, like almost everything else in life, it's not about anybody keeping you down.
It's about you being honest with yourself that it's up to you. It's about understanding that all those "other people" keeping you down don't give a damn about you. They don't even know you. They do what they do for themselves and if they can use you... oh, they will.
I'm talking about the bankers and brokers who...
Is America's Middle Class Caught in a Vise?
This is a chicken and egg kind of discussion about what caused the housing crash.
It's not that there's a right answer (but I am right) or a wrong answer, it's about looking at what happened to determine whether it's going to happen again. It is.
I'm always right.
Really, it's about America's middle class mostly, and the vise they're caught in.
Notice, the title here poses that as a question. Are they caught in a vise?
I say, "Yes!"
But, I'll get to that.
Middle Class Decline Under Obama Shown in 5 Charts
U.S. President Barack Obama often makes a point of talking about how important our country's middle class is to our economic growth - something he reiterated yesterday (Monday) in his second inauguration speech.
"Our country cannot succeed when a shrinking few do very well and a growing many barely make it," President Obama said. "We believe that America's prosperity must rest upon the broad shoulders of a rising middle class."
But the financial reality that currently faces the U.S. middle class is not one that can...