graph, the blue line is overall wages for the working folk in america. the green line is the productivity of the american worker, and the red line is the income level of the top 1% in america and how things have been going for them. keep in mind, tax bills are the lowest they ve been since the 1950s. but these guys aren t creating jobs, they re just getting richer while everyone else s wages have barely budged at all, according to that graph. if you want to talk about who s getting soaked. how about the middle class workers who are being forced to shoulder the burden of state budget deficits, and the attack on labor. of course, most americans think that the wealthy should have to pay more taxes. over 70% of americans think that. but not duche. this isn t the first time he s pulled this soak the rich nonsense. isn t it becoming class warfare, the president and his
line that tax cuts for the rich help the entire economy. that s hogwash. i want to go back to my favorite graph, the blue line is overall wages for the working folk in america. the green line is the productivity of the american worker, and the red line is the income level of the top 1% in america and how things have been going for them. keep in mind, tax bills are the lowest they ve been since the 1950s. but these guys aren t creating jobs, they re just getting richer while everyone else s wages have barely budged at all, according to that graph. if you want to talk about who s getting soaked. how about the middle class workers who are being forced to shoulder the burden of state budget deficits, and the attack on labor. of course, most americans think that the wealthy should have to pay more taxes. over 70% of americans think that. but not duche. this isn t the first time he s
republican governor wants to spend $1.5 billion on tax cuts for corporations. michigan s republican governor wants to spend $1.8 billion on business tax cuts. and of course in wisconsin republican governor scott walker, his giveaways to business, his first actions as governor are projected to cost the great state of wisconsin nearly $140 million. and remember, we are broke. this is some spectacular generosity toward some very specific parts of society among these governments that are pleading poverty complaining about giant state budget deficits. and states do have budget deficits. but all of these giveaways i just described are things that will make those deficits worse. all the beltway media reporting on the fight in the states is about how governors are making hard choices taking controversial steps to close their budget deficits but all of these things they are doing open budget deficits wider. they make the budget problems in all these states worse and they bend over backwards to
this is some spectacular generosity toward some very specific parts of society among these governments that are pleading poverty complaining about giant state budget deficits. and states do have budget deficits. but all of these giveaways i just described are things that will make those deficits worse. all the beltway media reporting on the fight in the states is about how governors are making hard choices taking controversial steps to close their budget deficits but all of these things they are doing open budget deficits wider. they make the budget problems in all these states worse and they bend over backwards to do it. the people who are not benefiting from the republican generosity in the states are the ones facing the cuts. in georgia the legislature looking at cutting funding to the state university system by about $75 million. pennsylvania s republican governor proposing a more than 50% cut to that state s higher education system. in new jersey and south carolina republican gove
catastrophe probably prevented this becoming a great depression, rather than great recession. that is what i believe. i recognize it is totally arguable and i am happy to have that argument. but regardless, we did get a great recession out of the financial system collapse. unemployment numbers became unsustainably horrific. even as jobs started to come back, the economy returned to positive growth, unemployment rate is still atrocious. the great recession and high unemployment meant not just human misery, but continued bad economic consequences, people not making an income are not paying income taxes, people not buying things aren t paying sales taxes. there are strains providing services to a population more needy because inch worse economic shape. state budget deficits around the country are bad and they are bad because of the great recession, which remember, started at a specific time, the fall of 2008, and it started for a specific reason. it happened because of wall