Instead of changing course and helping the majority of the population, Republicans still propose heaping wealth on the rich and increasing taxes on the bottom 90% of the population to complete the utter destruction of middle income earners. According to yet another report they are succeeding beyond their wildest dreams.
President Obama is putting Republicans on notice. The president told Republicans today that he wanted to see their ideas for helping the middle-class. In other words, it is time for Republicans to put up, or shut up.
If the President simply adjusted the salary threshold for inflation since it was last raised in 1975, it would be a more significant income increase for over 10 million low and low middle-class American workers that raising the hourly wage to $15 per hour for the rest of the poverty-wage workforce.
Speaker John Boehner outlined his plan to “help” the middle class during the Republican weekly address today, and his plan involved taking away health insurance from 1 million people and raising gas prices.
As long as the wealthy continue benefitting from the President’s economic recovery, Republicans will stay the austerity course that continues retarding growth despite one 4th quarter report that GDP ticked up to 3 percent.