Reply #5: Don't forget to look at the bankruptcy stats [View All]

[dickthegrouch]

According to http://www.bankruptcyaction.com the numbers of people and businesses filing for bankruptcy has totalled over 1.5 million each year for the last several years.

I presume these folks are now in poverty too.

I would love to know exactly how many of what salary levels exist now compared to what existed at the height of the dot com boom.

If the pols really want to know why government is so broke it is because the number of $100K+ jobs today is a mere fraction of what it used to be and those of us who used to be in them are now paying far less taxes.

I know at least 30 others who have been out of work for extended periods of time and whose skills are going to waste because they've taken bottom dollar jobs to fill-in and whose tax deductions reduce their taxes to nil because of their mortgage investments.

Many are just postponing the inevitable - their own bankruptcy.