Sunday, July 3, 2011

Polifact: Gov. Scott Walker's Statement that “the largest deficit ever in Wisconsin” was 2 years ago, is false.

Appearing on a national cable TV show viewed by some 269,000 people, Walker said the state’s largest structural deficit had come two years earlier, under his Democratic predecessor. He was off by seven years and a political party.

We rate his statement False.

Since 2009, 88 Percent Of Income Growth Went To Corporate Profits, Just One Percent Went To Wages

“Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. …The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented.”