We heard a lot about the middle class this election.
Seems everyone was on our side.
They were going to protect us from the government, the IRS, the EPA, global warming, bad rap music and of course, their opponents, who were definitely going to raise our taxes.
I'll just add in cable TV as another threat to the middle class. There's really a hit when they change the stations without asking you, charge you more and take away high definition Vikings games.Now that really hurts. It's all in the name of competition.
That's strange. Last time I checked, the consumer usually benefits when competition increases.
Well, the election is over and I haven't heard much talk about the middle class, at least not as much as I used to.
That's odd, because, best I can tell, all the threats are still in existence -- the EPA,IRS, the government, the ice is still melting in the Arctic and there's still no high def Vikings.
Aside from the Vikings high-definition cable oppression mentioned a few times earlier, my reading shows me there are several threats to the middle class still in existence.
The fiscal cliff, for example. It's so important it's getting very close to being capitalized like a formal name similar to the Great Depression and the Teapot Dome Scandal.
It's so important, it's on Congress' waiting list.
Republicans and Democrats are vowing to fix the Fiscal Cliff (might as well be a trendsetter here on the capitalization) and they might even get to it before Christmas. That would be a fine "reverse" Christmas present of which Charles Dickens would be proud: Our gift is that they "won't" raise our taxes.
That means we get nothing for Christmas, worse than a lump of coal.
I guess we better take what we can get.
There are other threats. A report in the Wall Street Journal this week suggested that the Federal Housing Administration will run out of reserves because of all the bad mortgages it has and may likely need a bailout like FANNIE and FREDDIE (words that are so important they get all caps).
FANNIE and FREDDIE still owe us $140 billion.
I'll take my share if they just fix my cable and give me back the high definition Vikings game.
Tracking Federal Funds, and More from CRS
6 days ago