Let's put McCain's lies aside for a moment. This is what's really important.
In my August 22 post on the McCain's, I pointed out that during the Bush administration the wealthiest Americans have seen their wealth increase by about $1.8 million since 2002. You, me, and the rest of America's working class have seen our economic positions improve on average by about $1,400. If you're like me, you probably are saying "Big Deal, gas prices alone eat that up, and more ..."
Anyways, in spite of this imbalance - and record national debt - John McCain wants to give America's richest 1% another $269,000 per year, which we can't afford. This would only compound our economic woes. Here's the breakdown of what happens under the tax programs proposed by Senators Obama and McCain.
On the good side, it looks like Alan Greenspan is finally coming to his senses. He says America can't afford McCain's plan.
- Mark
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