Friday, February 18, 2011

Who Controls the Wealth in America? And Pence the Pr**k Wins...Women in America Lose

So who controls wealth in the U.S.?  According to a study from the Joint Center for Housing Studies the top 25% of U.S. households control 87% of all wealth in the country.  That number comes out to a nice hefty sum of $54.2 trillion. 

A closer look closer at income distribution, shows that the top 1 percent in our country control 42 percent of all financial wealth.  By all measures being able to acquire a piece of financial wealth was the hallmark of the middle class of previous years.

Today we have a society largely in debt to credit cards, auto loans, student loans, and immense mortgage debt.  Net worth is measured by looking at assets minus liabilities and many Americans are lucky to break even while many have a negative net worth.

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Mike Pence will discontinue health care for women. The Pence Amendment is an attack on American women. It will kill breast exams.

The House just approved Rep. Mike Pence’s amendment to cut off funding to Planned Parenthood, checking off a hot-button social issue even as it set up a bigger showdown over defunding the health care law.

The vote was 240-185 with 11 Democrats voting for the amendment, and seven Republicans voting against. One member voted present. A group of Republicans on the floor applauded when the vote hit 218.

Planned Parenthood estimates it received a quarter of the $317 million in Title X funds appropriated last year. They use the money for pelvic exams, breast exams, safer-sex counseling and basic infertility counseling, among other things.