American middle class slowly disappearing under mounds of debt – How Wall Street and government sucked working and middle class Americans into perpetual debt serfdom.

Thursday, July 8, 2010
By Paul Martin

by Mybudget360.com

People quickly forget about the nearly 1,000 point “flash crash” brought on by glitches in the Wall Street casino machinery. Still no sensible explanation has been given but today the stock market now stands below the flash crash moment. The middle class is witnessing the largest wealth transfer in history take place and it is all happening because of the Wall Street infrastructure and the government’s lack of respect for the working class of the United States. Even last month as we lost 125,000 workers the unemployment rate actually went down because over 500,000 Americans simply dropped out of the workforce. In other words people simply threw their hands up in exhaustion and gave up. The government is literally not counting tens of thousands of Americans. What does this tell you about how much they value the middle class?

Let us break down some income data first:

The Rest…HERE

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