Skip to main content

View Diary: "Americans React to the Poor with Disgust" (139 comments)

Comment Preferences

  •  I don't think we're that close. (1+ / 0-)
    Recommended by:
    dizzydean
    Perhaps finally we are close reaching a critical mass where even people who were once solidly middle-class have seen their life styles eroded as costs rise and incomes stagnate.
    Incomes have stagnated, but largely, costs haven't risen that much.  We'll need some serious inflation before the average person really feels the bite.
    •  What costs haven't risen that much? (3+ / 0-)
      Recommended by:
      dizzydean, jbsoul, FindingMyVoice

      Tuition? Gasoline? Food? Shelter? Utilities? Insurance? Medical?

      You must be joking.

      “Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough.” FDR

      by Phoebe Loosinhouse on Mon Aug 05, 2013 at 02:09:16 PM PDT

      [ Parent ]

      •  I think he's referring to the overall inflation (2+ / 0-)
        Recommended by:
        nextstep, FindingMyVoice

        rate which has remained pretty low since 2008.  Remember, Krugman was talking about us entering a period of deflation for awhile.  

        But, you are right--the things that matter most to folks seem to still be going up relative to the costs of everything else (computers, tvs, video games, other crap people buy).  

        God help us if inflation starts to tick up due to supposed economic growth...

        To be free and just depends on us. Victor Hugo.

        by dizzydean on Mon Aug 05, 2013 at 02:25:39 PM PDT

        [ Parent ]

        •  Figures can be made to lie (1+ / 0-)
          Recommended by:
          dizzydean

          and the "overall inflation rate" has its pants burned to ashes.

          It's crocked seventeen ways to Sunday to make it seem that there is low inflation by discounting or outright excluding the fastest rising essential costs, and including as many as possible of the dropping costs of trivial nonessential ephemera.

          If it's
          Not your body,
          Then it's
          Not your choice
          And it's
          None of your damn business!

          by TheOtherMaven on Mon Aug 05, 2013 at 08:38:54 PM PDT

          [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site