Summary
"On top of that, this was the first economic recovery since World War II where real median household income did not rise above its previous peak," says the budget. "Between 2006 and 2007, real median household income rose from $49,568 to $50,233 (Figure I-Table 1)-a level not statistically different from the 1999 pre-recession income peak," says the Census Bureau's report. The Figure 1 referred to is a graph that shows the relationship between recessions and real median household income.
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Obama's Class-War Budget Vs. Your Income
President Obama met last week with the chairmen of the congressional budget committees and called for a bipartisan effort to "pass a budget that puts this nation on the road to lasting prosperity." But the fiscal 2010 budget he presente...
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