Published on January 9, 2007 By Island Dog In Politics

The rich are getting richer, nobody can find a job, worst economy since Hoover.  Blah, Blah, Blah.

The gap between rich and poor -- a rallying cry for some congressional Democrats wanting to increase mandates on business -- isn't really growing that much, according to data from the U.S. Census Bureau.

From 2001 to 2005 -- the last year data was available -- there was virtually no statistical change in income inequality, based on a statistical test by the Census Bureau, requested and released by Congress's Joint Economic Committee.

The data came out amid calls by the new chairman of the House Financial Services Committee, Rep. Barney Frank (D-Mass.) for the federal government to work to reduce income inequality by requiring companies to pay higher wages, provide better employee health care coverage, and empower unions.

Rep. Jim Saxton (R-N.J.), the top House Republican on the Joint Economic Committee, said Congress should review the actual evidence rather than react to common assumptions.

"A lot has been said about income inequality, but the fact is that it hasn't changed much in recent years," Saxton said Thursday. "Congress should consider this fact before acting on the assumption that income inequality is surging."


Comments
on Jan 09, 2007
  
on Jan 10, 2007

said Congress should review the actual evidence rather than react to common assumptions.

That was the funniest line!  Like it will ever happen!

Good article.

on Jan 10, 2007
That was the funniest line! Like it will ever happen!


Of course it will never happen.  Democrats rely on people believing they are poor and that the government and democrats are their only solution.
on Jan 16, 2007

What?