Tuesday, January 31, 2006

Money for Nothing

How much you want to bet Bush won't mention the following economic news tonight in his State of the Union address?

Wages and benefits paid to civilian workers rose last year by the smallest amount in nine years, the government reported Tuesday.


The 3.1 percent increase in total compensation for the 12 months ending in December was the smallest annual increase since a 2.9 percent rise in 1996.

Last year's increase was not enough to keep up with inflation. When inflation is considered, overall compensation fell by 0.3 percent, the first time there has been a decline since 1996, when total compensation after adjusting for inflation was down by 0.4 percent.

Keep those tax cuts coming, we're all doing fine!


Post a Comment

<< Home

eXTReMe Tracker