In response to:

Incomes Drop Most in 20 Years

Joseph1790 Wrote: Mar 01, 2013 12:11 PM
How do you put taxpayers on the hook for billions in unfunded state pensions....answer...Unions...
Simplecaveman Wrote: Mar 01, 2013 12:44 PM
One of the liberal's god, FDR, even argued against public unions.

In January of this year incomes dropped the most they have in 20 years. Let me just allow that to sink in. With the payroll tax cuts expiring January 1st, it is no surprise that people’s incomes fell and were spending and saving differently. Consumer spending rose in January, which seems to indicate that with these tax increases, households were forced to spend more of their income and save less.

Incomes fell by 3. 6 percent in January! This then sent the savings rate down to the lowest it’s been since November of 2007. What Americans now face is trying...