Muscatine

Debt Ceiling

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  • mallory
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Bread Per loaf

1980: $1.34 in 2010 dollars ($0.51 in 1980 prices)
2010: $1.39
Change in Real Dollars: +3.4 percent

We're not talking about artisan breads or herb-infused foccacia. The ACCRA Cost of Living Index rates bread prices by the cost of the loaf fetching the "lowest price" at the grocery store. Fortunately for toast-crunching, sandwich-loving Americans, a standard loaf in 2010 costs about as many real dollars as it did in 1980.

 

Median household income has nearly tripled in nominal value since 1980; in constant dollars the gain was about 8 percent. Real prices for many items stayed level or declined from 1980 to 2010. Consumers spent more, however, on such big items as college tuition and health care.

*1980 and 2009 data from U.S. Census Bureau. Estimates on 2010 median household income were not available by time of publication

 

http://finance.yahoo.com/family-home/article/111493/are-americans-as-poor-as-they-feel?mod=family-love_money


While 25 million unemployed and underemployed U.S. workers are drowning, CEO pay skyrocketed by 23 percent, for an average salary of $11.4 million in 2010, according to the AFL-CIO Executive PayWatch

 

I'm sure you can find other sources that support this.

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  • mallory
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In 1983 the starting wage at HON was around $10.92 +/- per hour.  In 2009 the starting wage was around $9.00 per hour.   I haven't seen the price of  bread go down in the past 25 years, just wages.

 

Who's going to pay the bills?


See previous post for a possibility.

My question this morning after these weeks of name-calling and cuts and revenues and votes and non votes is Why on earth do we have a Debt Limit or Ceiling if everytime the admin gets close to that limit, we raise the limit? The big argument from many dems is that the limit has been raised umpteen times and goes on to list how many times and by how much by so and so. So why do we even have a "limit" if it isn't a limit?

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  • nedl
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Maybe it's all just a "talent" show. Politicians put on an act of doing their job, for our entertainment. Kinda like a bunch of clowns in a circus.

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