Montana Politics

Where we stand today

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This morning Think Progress posted an interesting piece comparing where we stand as a nation today to where we have stood as nation in the past.  As you know, The State of the Union is this evening.  You can check out the entire post here, but these are some of the facts that really caught my eye:

Since the last SOTU, the economy has created 1.9 million private sector jobs.

Thanks to the Affordable Care Act, 2.5 million young adults gained health insurance.

2.65 million seniors saved an average of $569 on prescriptions last year thanks to the Affordable Care Act.

The top 1 percent take home 24 percent of the nation’s income, up from about 9 percent in 1976.

The top 1 percent of Americans own 40 percent of our country’s wealth while the bottom 80 percent owns only 7 percent.

In the last three years, 30 major corporations spent more on lobbying than they paid in taxes.

Since 1985, the federal tax rate for the 400 wealthiest Americans dropped from 29 percent to 18 percent.

Union membership is at a 70-year low.

50 percent of U.S. workers make less than $26,364 per year.

Last year, China spent 9 percent of its GDP on infrastructure. The U.S. spent 2.5 percent.

Unemployment benefits have lifted 3.2 million people out of poverty.

47.8 percent of households that receive food stamps are working, because having a job is not enough to keep them out of poverty.

I’d like to bring your attention back to these two facts, in particular:

Union membership is at a 70-year low.

50 percent of U.S. workers make less than $26,364 per year.

About the author

M. Storin

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