Working on a longer post/essay over the next day or two [post is here], but I did want to put up a couple of charts I came across in my travels.
The first is from Econbrowser, and shows the share of national income going to the top o.5% and o.1% (or, the very top slices of the top 1%).
The second is from the CBPP, and shows the numbers of US citizens in poverty, as well as the numbers enrolled in SNAP (the replacement for food stamps). I was surprised to see the increase in poverty going back that far, but probably should not have been.
14.5% of Americans are now on food stamps, a record high, which in the weird non-logic of the House means that it must be cut (in the new language of Washington I suppose we should say “strengthened”) because of “unsustainable growth.”