Senator Bernie Sanders writes that the American Middle Class is being decimated.  He cites some interesting numbers.  Here’s a couple shockers:

Robert Frank, a Wall Street Journal reporter, has detailed the lives of the rich and famous in the book Richistan. He writes that households with a net worth of between $100 million and $1 billion last year spent an average of $182,000 on watches. Meanwhile, in the real world, 400,000 qualified students were unable to go to college because they lacked the funds.

Frank also details how during this one-year period the economically elite households spent $311,000 on cars, $397,000 on jewelry and $169,000 on spa services. At the same time, President Bush presented a budget in which he proposed cuts that would deny child care to 300,000 families and food stamps for 280,000 families.

This entry was posted on Tuesday, October 16th, 2007 at 5:18 pm and is filed under Economy, Food, Good and Evil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.