Comments on: The Election and the Economy http://thesocietypages.org/socimages/2012/08/13/the-election-and-the-economy/ Sociological Images encourages people to exercise and develop their sociological imaginations with discussions of compelling visuals that span the breadth of sociological inquiry. Fri, 10 Apr 2015 07:17:00 +0000 hourly 1 By: Allison http://thesocietypages.org/socimages/2012/08/13/the-election-and-the-economy/comment-page-1/#comment-558949 Wed, 15 Aug 2012 17:11:00 +0000 http://blogs.lclark.edu/hart-landsberg/?p=1008#comment-558949 Real interest is paid to the creditors to the tune of hundreds of billions annually.

]]> By: Mr. S http://thesocietypages.org/socimages/2012/08/13/the-election-and-the-economy/comment-page-1/#comment-558946 Wed, 15 Aug 2012 16:48:00 +0000 http://blogs.lclark.edu/hart-landsberg/?p=1008#comment-558946 The “class divide” notion is thoroughly debunked by the great Thomas Sowell: 
http://news.investors.com/article/517702/201001111830/how-media-misuse-income-data-to-match-their-preconceptions.htm?p=full

Income is not wealth, and the majority of those who comprise the top 1% will fall from that category within the decade. Larry Page, Mark Zuckerberg, and Lebron James all come to mind as present-day 1 percenters who were no where near that level 10 years ago.

]]> By: Legolewdite http://thesocietypages.org/socimages/2012/08/13/the-election-and-the-economy/comment-page-1/#comment-558938 Wed, 15 Aug 2012 13:27:00 +0000 http://blogs.lclark.edu/hart-landsberg/?p=1008#comment-558938  Yeah, because debt is real, right?

]]> By: Rishi http://thesocietypages.org/socimages/2012/08/13/the-election-and-the-economy/comment-page-1/#comment-558870 Tue, 14 Aug 2012 01:49:00 +0000 http://blogs.lclark.edu/hart-landsberg/?p=1008#comment-558870 The problem is that it is becoming increasingly obvious that the U.S. and many other countries, is not going to be able to get its spending under control which will lead to an inevitable default and no one wants to be left holding the bag.  15 trillion in debt, TRILLION!  The U.S. has a net worth now of just a little over zero.  And the U.S. is still in much better shape than Europe and even China.

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