The Daily Sandwich

"We have to learn the lesson that intellectual honesty is fundamental for everything we cherish." -Sir Karl Popper

Location: Boston, Massachusetts, United States


Thursday, March 02, 2006

Bizarroworld Dispatch: Save more of what you aren't earning

A poster at the Daily Kos has a triumvirate of links that admirably demonstrates the administration's committment to improving the lives of the working class.... IN BIZARROWORLD!

From USA Today:
Average family incomes fell in the USA from 2001 to 2004, pulled down by a sluggish recovery from the downturn and the sharp stock market drop, the Federal Reserve said Thursday. The decline -- the first since 1989-92 -- was accompanied by the smallest increase in net worth in that period.

From The Guardian:

"The American dream begins with saving money and that should begin on the very first day of work,'' Cheney told a conference here exploring how to encourage people to boost savings and be better prepared for retirement.

Too often, workers are living paycheck to paycheck and are not saving sufficiently, Cheney said.

The icing on the cake:
On their 2004 federal income-tax returns, which the White House released Friday, the vice president and his wife, Lynne Cheney, reported $1,328,678 in earnings last year.

Hmmmm... I'm out of work and facing eviction. Better start saving for retirement!