4 results for 'middle class'
"Don’t try to stop the foreclosure process. Let it run its course and hit the bottom. Allow investors to buy homes, put renters in them, fix the homes, and let it turn around and come back up."
Romney's tax plan helps this along, as well as working to keep the middle class from ever existing again. The most essential piece of this is the effective elimination of the mortgage interest deduction, thus setting off the inevitable chain reaction of devaluation; first the most underwater mortgages, then--once that results in further devaluation--those newly... (more)
What made America. a beacon to the world was the reasonable belief that if you worked hard enough and had the right kind of grit and intelligence you could to enjoy the fruits of your efforts and build a satisfactory life for yourself and your loved ones. This is what built the solid middle class after World War II. The majority of people finally had the chance to purchase a home without going into dramatic debt, to send a child to a quality public schools, and for the most part enjoy in the rising quality of life that was the lot of most Americans. The last general improvement has ... (more)
In the beginning, Americans were hard working individuals who knew deep down in their very souls that their success was limited only by their willingness to accept responsibility for their actions. If a person started a business it was solely through his own hard work and dedication that the business would succeed. The proprietor could not assign blame on anyone if the business went down the drain. He could only look at himself and inquire of himself as to how much effort he wished to put into that business. That work ethic not only permeated shopkeepers but anyone who worked for a living:... (more)
...a nation, in theory at least, where any white man could go as far as his dreams could take him. Of course the reality proved quite different and more challenging the farther removed you were from the WASP foundation of the country.Today, with our wealth squandered and our much admired mass middle class in decline, European style class distinction seems to be taking hold here. But, this is not going to be a commentary about our socio-economic evolution. It's about those three words: working class hero.Back in the Depression Era, when most Americans still lived in rural areas and life wasn't ... (more)
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