Pres. Obama’s Speech

On the eve of President Obama’s speech regarding the the budget and the economy, Republican House Speaker Boehner has indicated that “raising taxes for the rich would be too much  to bear”.  He says, ““We don’t have deficits because Americans are taxed too little, we have deficits because Washington spends too much,” Mr. Boehner says in the statement. “And, at a time when the American people face skyrocketing prices at the pump, energy tax hikes are a particularly bad idea.”

Hmmn, seems to many of us that this has been the only group that isn’t being asked to sacrifice. Real wages have declined for most people, yet the rich have prospered in spite of the economic downturn.It may be a worthwhile look to consider the trends of income inequality n the U.S.:

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