The states and the federal government are facing record debt, but, it didn't happen overnight.
There are innumerable graphs and tables that illustrate the fall in wages in the USA. It is no coincidence the states and federal government increased their debts as the wages of the Middle Class deterioriated.
There is this really odd 'mind speak' of the political right wing stating "40% pay 60% of the taxes." Percentages lend themselves to interesting observations, but, to realize how there is a sincere fall in income in the Middle Class of the USA and therefore 'the tax base' while the wealthy Americans got wealthier and therefore ? may ? have paid more taxes obviously points to this convenient 'criticism of the ungrateful' Middle Class and Poor. The comparision is not valid, it is victimizing and will allow more abuse of those already effected.
There is a real danger in minimizing wages. It is why the Minimum Wage is so important. The Minimum Wage forces higher pay rates to be moved upward as well. But, to allow Wall Street to minimize wages to American Labor what occurs is a huge shift in the income to the USA Treasury. That is especially true when one realizes there are income tax benefits to the wealthier that are never adjusted to bring the nation's income into viability rather than decline.
There is a cost for a nation's sovereignty and it is not simply the ability to 'buy guns' to defend the borders.
When citizens do well financially, the nation is more secure. When citizens do well their government treasuries are easy to balance. When citizens do well and their treasuries are full, their tax rates can then come down. When citizens do well, not just the USA is more secure, but, the 'baseline' for Wall Street is assured.
