Neocon House Speaker Paul Ryan. Gutting Social Programs, More Spending for Wars | Global Research - Centre for Research on GlobalizationThe Census Bureau uses official measures of inflation to arrive at real income. These measures are understated. If more accurate measures of inflation are used (such as those available from shadowstats.com), the declines in real household income are larger and have been declining for a longer period. Some measures show real median annual household income below levels of the late 1960s and early 1970s.Note that these declines have occurred during an alleged six-year economic recovery from 2009 to the current time, and during a period when the labor force was shrinking due to a sustained decline in the labor force participation rate. On April 3, 2015 the US Bureau of Labor Statistics announced that 93,175,000 Americans of working age are not in the work force, a historical record. Normally, an economic recovery is marked by a rise in the labor force participation rate. John Williams reports that when discouraged workers are included among the measure of the unemployed, the US unemployment rate is currently 23%, not the 5.2% reported figure.
Ryan’s ascendency lurches Washington further to the right. His neocon credentials are scary. He wants more spending for wars and militarism, less for social programs. More on the latter below.
He rants about ‘keeping America strong,” supports its heavy intervention hand anywhere it wishes, serving US interests at the expense of all others.
In 2012, he was Mitt Romney’s running mate. His “Path to Prosperity: A Blueprint for American Renewal” at the time prioritized gutting vital social programs millions of Americans rely on.
He wants Medicare and Social Security privatized en route to ending them altogether – Medicaid, food stamps, and other social programs gutted.
He supports Americans having anything they want as long as they pay for it, mindless of unaffordability issues for half of US households, living in poverty or bordering it.