Sunday, June 01, 2014

The poverty line. When do Americans draw the line on political corruption?

January 1, 1981 increased the minimum wage to all Americans to $3.35.

In 1982 Americans defined poverty of a family of four as $9,300 annually.

Ronald Reagan was took office January 20, 1982. The world for the Middle Class was about to change and for the next eight years, workers rights were under attack. Ronald Reagan was a Wall Street President and the exploitation of cuts to labor, taxes, increased defense spending and deregulation of natural resources made Reagonomics look as if there was a real answer to economic boom.

The minimum wage would not see another increase until he left office and on April Fools Day of 1990 it would be increased to $3.80.

Ronald Reagan taught the USA millionaires that government can be harnessed to create multi-millionaires and billionaires. Today, their are fewer and fewer controlling the global wealth. 

April 1991 - $4.25

October 1, 1996 - $4.75

September 1, 1997 - $5.15

January 2006 - US House receives a majority of Democratic seats.

July 24, 2007 - $5.85

July 24, 2008 - $6.55

July 24, 2009 - $7.25

The US Federal Minimum Wage has not moved for nearly five years and the poverty level in 2014 is $23,850 for a family of four. Wall Street is cleaning out the USA Treasury with food stamps and medicaid and the US Congress does nothing but drop more and more Americans at the doorstep of the USA Treasury. This is the first time in USA history Congress has acted to enrich the Plutocracy and impoverish a vast amount of Americans.