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Thread: Bottom 40% Have Negative Net Income

  1. #71
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    Sergeant Gleed's Avatar Senior Member
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    Quote Originally Posted by Dr. Who View Post
    A declining wage is very likely to create future problems i.e. a shrinking middle class. The 1% are not going to want to make up the difference.
    The middle class is shrinking because of socialists and socialistm.
    Freedom Requires Obstinance.

    We the People DID NOT vote in a majority Rodent Congress, they stole it via election fraud.

  2. #72
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    Sergeant Gleed's Avatar Senior Member
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    Quote Originally Posted by Dr. Who View Post
    Read what I wrote again. Leaving out the quantifiable extremely impoverished today, they are many people who are financially unstable. They may look middle class and live middle class, but they are 30 days from welfare.
    Damn boy.

    Did ANYONE EVER tell you that people in America do not stay in "their" quintile?

    They develop skills, they move up.they get a lot of overtime one year. They move up. For that year.

    They break their leg, go on disability for three months, they move down. For that year.

    They sell a house, the capital gains shoots them up. For that year.
    Freedom Requires Obstinance.

    We the People DID NOT vote in a majority Rodent Congress, they stole it via election fraud.

  3. #73
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    Quote Originally Posted by Chris View Post
    Not really. What you all are talking about is not nominal but real wages. Real wages are adjusted for inflation. Nominal wages are steady if not rising, but because of inflation real wages are in decline. Number one cause of inflation, the goddamned government.
    Does not matter.

    Monopoly money or real money, they buy their stuff and pay their bills with what they have.

    If they refuse to cut their spending, real money or obamas, they wind up deeper in debt.

    If they spend less than they earn, they get out of debt.

    Their body, their choice.
    Freedom Requires Obstinance.

    We the People DID NOT vote in a majority Rodent Congress, they stole it via election fraud.

  4. #74
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    So I guess we can define negative income as living beyond your means. With credit from the fractional reserve banking system.
    Molon labe
    Please visit my blog http://thepoliticalforums.com/blogs/peter/
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  6. #75
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    Quote Originally Posted by Dr. Who View Post
    Good grief Cotton - revisit this tomorrow.
    No thanks. But I do want to apologize. I was still carrying a grudge from something weeks ago.
    My reaction to you was improper and out of place I should have refrained from any relply, especially the one I did. No excuse. Sorry.
    [/B]

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  8. #76
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    Quote Originally Posted by Peter1469 View Post
    So I guess we can define negative income as living beyond your means. With credit from the fractional reserve banking system.
    When I had a house payment it was within my means.
    Liberals are a clear and present danger to our freedom and our society and our morals.

  9. #77
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    Quote Originally Posted by Captdon View Post
    When I had a house payment it was within my means.
    Me too. When I bought I didn't get close to the upper limit that the bank would have offered.
    Molon labe
    Please visit my blog http://thepoliticalforums.com/blogs/peter/
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