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Tag Archives: The Heritage Foundation

Ryan + Romney = Irony

Ryan + Romney = Irony

Just last year the Congressional Budget Office (CBO) released a report licentiously entitled “Trends in the Distribution of Household Income Between 1979 and 2007.”  Now, the CBO is the very entity to which Congress itself appointed all economic analysis and budget score keeping, and which is generally regarded as nonpartisan and above-the-board objective.  The report revealed some rather damning “trends,” not least of which is that the 1 percent of the population with the highest income saw their after-tax household income grow by 275 percent, while the 20 percent of the population with the lowest income saw theirs spittle at 18 percent.  Indeed, while 99 percent of the American households saw their total market income decrease – cash wages, salaries, capital gains, etc. – the rich 1 percent actually saw theirs doubleRead the rest of this entry »

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