Thom's blog
Income Inequality Has Gone Up
 The chairman of the White House Council of Economic Advisers, Jason Furman, recently wrote in the Washington Post that "Last year saw the largest single-year reduction in poverty since the 1960s." Furman's claim is echoed by a recent Census Bureau report that showed that the typical household saw its income grow by about $2,800 - the fastest rate on record. But while those numbers seem rosy - they are hardly enough to conclusively say that the U.S economy is healthy. For one - the media celebrated the household income figures despite the fact that any two or more people living in the same residence are considered a "household" - and the figures don't necessarily reflect anything about personal income. But according to Nick Buffie at the Center for Economic and Policy Research - "Income Inequality Has Gone Up Whether We Look At Households or Individuals". Buffie writes that whether you look at personal - family - or household income, "No matter how you toy with the precise definition of income, it's clear that inequality has gone up: by all three metrics, median income growth failed to keep pace with overall growth from 1974 to 2015." -Thom (What do you think? Tell us here.)
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Tonight on The Big Picture on RT TV at 7pm and 10pm... Will the REAL Journalists Please Stand Up (check your local listings for stations or stream at RT or Free Speech TV, and catch past shows on Youtube)
Be sure to check out our newest video: RESTORATION - narrated by Leonardo DiCaprio & Thom Hartmann, directed by Leila Conners / Visit GreenWorldRising.org to check out all the videos: CARBON, LAST HOURS & GREEN WORLD RISING - narrated by Leonardo DiCaprio & Thom Hartmann, directed by Leila Conners In for Thom tonight, please welcome Sam Sacks, The District Sentinel
Big Picture Rumble: - Scott Greer, The Daily Caller - Lee Camp, Redacted Tonight with Lee Camp/RT America - Siraj Hashmi, Red Alert Politics
Best of the Rest: Will the REAL Journalists Please Stand Up - Jan Frel, Alternet
Daily Take: Stop the BiPartisan Dreaming!! |
Friday's Daily Stack 
Quote: "The foolish man seeks happiness in the distance, the wise grows it under his feet." -- James Oppenheim.
Hour One: Why Don't Seniors Get A Benefit Increase Every Year? - Daniel Marans, The Huffington Post 
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Thom's Poll
Quiz: Who said at the Al Smith charity dinner last night, "the truth is I am actually a modest person, very modest"?
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Quiz Answer
Q: Who said at the third presidential debate last night, "Social Security is going to run out of money in the 2030s"? A: Chris Wallace - he said, "Social Security is going to run out of money in the 2030s. And at that time, recipients are going to take huge cuts in their benefits." Trump said he would solve the problem by growing the economy at a record rate and repealing Obamacare. Hillary Clinton said she would enhance benefits for low income workers and for women who have been disadvantaged by the current social security system. Social Security is NOT going to run out of money. Bernie Sanders would raise the cap. Hillary Clinton has also said she understands that the highest-income Americans will have to pay more.
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Or watch the Full "Big Picture" Show...
Full Show 10/20/16: The Nasty Woman & Bad Hombres Debate
Guest host Sam Sacks is in for Thom Hartmann and discusses the lack of attention given to climate change at last night's debate with Greenpeace's Cassady Sharp and in tonight's Daily Take Thom calls for the repeal of the Second Amendment. Tonight's Politics panel discusses Trump's unwillingness to say he'd concede if he loses, Hillary's progressive move on Social Security, and what the Supreme Court would look like under President Clinton.
What Can We Do To Fight Rising Drug Prices? A LOT! (W/Alex Lawson & Guest Rep Mark Pocan)
Why Don't Seniors Get A Benefit Increase Every Year? (w/Alex Lawson & Guest Daniel Marans)
What's Being Done To Solve The Drug Price Crisis? (w/Guest: Sakiko Fukuda Parr)
The Economy Has Been Rigged To Make The Rich Richer! (W/Alex Lawson & Guest: Dean Baker) |
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