Your tax dollars at work

61% of my wife's school district makes more than $100k per year, plus pension and lifetime medical care for 185 days of work.

They also get 12 personal days per year and unused personal days roll over. It is not unusual for a teacher when they retire to get a year's salary in unused personal days.

Well it's one of your linkless claims, so let's just say that I'm properly dubious.

But for the $2.00 minimum wage of 50 years ago to have kept up with either equivalent buying power or worker productivity, it would be over $13 per hour today. $40 per hour today is the equivalent of $6 per hour 50 years ago. Many people have no clue how lousy wages are today. Of the 80% increase in productivity gains since Reagan, 72% of it turned into corporate profits, 8% into wage gains.

So for the first time in American history, we have younger generations that will have lower standards of living than their parents, all because the Worst Generation® bought into trickle down economics.

"So for the first time in American history, we have younger generations that will have lower standards of living than their parents, all because the Worst Generation® bought into trickle down economics."

Courtesy of obamanomics

Try NY Newsday. It lists numerous school districts, pick a few and you will see the salaries of individual teachers. I am not going to post a list of individual teachers salaries

"Try NY Newsday." Wow hoops, you really know how to back up your claims.

Not that I'm accusing you of lying or anything. I'm sure you heard that 61% figure from some mouth-breather on the AM radio, and you just believe everything they say, right?

I found it on the Newsday website, looked up te school district and did the math. There are many other school districts with similiar stats

I don't think you actually hold my opinion in such esteem. In fact, I actually think you're being sarcastic and don't actually care what I think.

So I'll borrow someone else's opinion. A guy who won the Nobel Prize in Economics, Dr. Paul Krugman. He writes that government debt is unlike family debt in that it shouldn't be paid off, because governments exist in perpetuity. This is why free-market lenders continue to lend money to the United States at such incredibly low interest rates. They know we're good for it.

I invite you to read his explanation of his views, written in layman's terms, at the New York Times. That way, if you want to fight, you can do it with someone else, a guy who won the Nobel Prize in Economics.

Weimar Republic

That's not an answer chilly, that's a cop out. Your economist may be an expert when it comes to money but he knows little about governments or countries which fall every day. Perpetuity is a word little used to describe either.

So far as our ability to just go on borrowing at low rates for what you must think will be for "perpetuity", I would remind you that Bernie Madoff had a similar mindset at one time also.

Just because we are the great and powerful U. S. doesn't mean we are invincible.

Rome also fell.

By the way, I always pay off my debts. Always. I wouldn't lend this Klugman a dime. Or anyone who follows his thinking.

Just saying.

Dr. Krugman is the Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University.

The Nobel Committee that gave him his prize said it was for his work explaining the patterns of international trade and the geographic concentration of wealth.

He wrote International Economics: Theory and Policy, which is the standard college textbook on the subject.



His primary academic work revolves around international trade, economic geography, and international finance.

In other words, he's exactly who nemesis claims he is not.