The Debt Reality

Between 1997 and 2007, 8,815 American companies worth $1,302,946,906,459 were acquired by foreign countries, sending U.S. wealth and opportunity abroad. Just today the Economic Policy Institute reported that real wages for American workers are declining: From 2003- 2007 median U.S. hourly wage dropped more than 1%.
The average American in 2005 had a -1% savings rate, the lowest since the great depression, and a product of an economy that continues to squeeze the middle class and allow the flight of its best companies overseas.



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