The Watering Hole, Thursday, September 25, 2014: 47% and Growing

The 47% comment made by Romney is true and it’s bigger now, according to Republican Cresent Hardy, a candidate for Nevada’s 4th Congressional District.

The 47% comment, if you recall, alleged that 47% paid no federal income taxes. In other words 47% made so little money their income wasn’t taxed. They are the working poor, the senior citizens. And, according to Hardy, their numbers are growing.

If true, it is not surprising. The benefits of the Obama Recovery have gone disproportionatly to the wealthy class. We can blame Obama, but he has been restricted by an obstructionist Republican minority in the Senate that has prevented measures from being passed that would benefit the working poor. Bankers got bonuses even while families faced foreclosure.

In this author’s opinion, the plight of the working poor will get worse, as more and more wealth is concentrated into the hands of the idle rich and deposited in overseas accounts. More and more of the middle class will slowly slide into the ranks of the working poor, and the 47% will continue to grow, not through any fault of their own, not through any desire to freeload on the system, but from the continued economic policies of the oligarchy that runs this country from behind the scenes.

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