My Daily Domestic Clips 07/25/2010 (p.m.)

• Obama Administration OKs First Tax-Funded Abortions Under Health Care Law – Annotated tags: obama areyousorryyet? abortion
  • — The Obama administration has officially approved
    the first instance of taxpayer funded abortions under the new national
    government-run health care program. This is the kind of abortion funding
    the pro-life movement warned about when Congress considered the bill.
• the u.s. middle class is being wiped out here’s the stats to prove it: Tech Ticker, Yahoo! Finance – Annotated Hope and change? tags: obama areyousorryyet?
  •     83 percent of all U.S. stocks are in the hands of 1 percent of the people.
    •   
    61 percent of Americans “always or usually” live paycheck to paycheck,
    which was up from 49 percent in 2008 and 43 percent in 2007.
    •    66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
    •    36 percent of Americans say that they don’t contribute anything to retirement savings.
    •    A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
    •    24 percent of American workers say that they have postponed their planned retirement age in the past year.
    •    Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
    •   
    Only the top 5 percent of U.S. households have earned enough additional
    income to match the rise in housing costs since 1975.
    •    For the
    first time in U.S. history, banks own a greater share of residential
    housing net worth in the United States than all individual Americans
    put together.
    •    In 1950, the ratio of the average executive’s
    paycheck to the average worker’s paycheck was about 30 to 1. Since the
    year 2000, that ratio has exploded to between 300 to 500 to one.
    •    As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
    •   
    The bottom 50 percent of income earners in the United States now
    collectively own less than 1 percent of the nation’s wealth.

Posted from Diigo. The rest of my favorite links are here.