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Politics : President Barack Obama
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To: tejek who wrote (145630)9/8/2014 12:43:11 PM
From: pcstel  Read Replies (1) of 149317
 
<"Struggling citizens are disgruntled at work, frugal at the cash register, and anti-business at the ballot box."<<

The answer is "pitchforks".. you gotta buy some "pitchforks" folks.. Millions of them.. My pitchfork stocks are going no where fast...

Struggling citizens are disgruntled because the are awash in debt.

Average Credit Card Debt (not including car loans or mortgages) for Americans is $15,480, which is typically high interest rate debt.

Average income in an American Family is $51,017. with an average Federak tax rate of 20% (25% including State Taxes). Means the average American owe's ~40% a years after tax income to repay debt for stuff they already bought, and probably already sold at a yard sale. Combine that with the roughly $3,000 in annual interest charges on the $15,017, and that brings the debt close to half a years salary after taxes.

And the 95% gladly fork over hundreds of Billions of dollars in interest payments to the 5%'ers every year in interest payments.. On money that the Federal Reserve and US Govt. provide to the 1%'ers at nearly no cost.

Then they claim it is "Corporate Americas" fault for not paying them more, when in fact they should be angry with themselves for outspending their resources and becoming enslaved to the Banksters who are provided nearly free money from our Government, which they then use to rape the futures of our Citizens at high interest rates..

PCSTEL
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