Terry Adams on Budget & Economy

	Terry Adams on Budget & Economy

Income inequality has grown worse in recent decades

When I hear some politician saying the bottom 47% are takers, or lazy, or some other such nonsense, it infuriates me. Both of my parents were in the bottom 47% and they were neither takers nor lazy. They worked, and worked hard. They were also very proud of their labor and their contributions to this country. In those days, the dream that your children would do better than you because of your hard work was often a reality. Now that reality is fading. America is one of the most wealth-unequal countries in the world. In fact, out of 141 countries, the United States leads only Russia, the Ukraine, and Lebanon.

Adjusting for inflation, from 1966 to 2011, incomes for the bottom 90% of Americans rose by just $59.00. Meanwhile over the same period, the top 10% saw their incomes grow $116,071. Our economy has grown by leaps and bounds but nearly all of the rewards have gone to the top.

Source: 2014 TN Senate campaign website, AdamsForTN.com , Jun 25, 2014

Start reinvesting in the American Dream

We have to get back to basics on the economy, starting with reinvesting in the American Dream. The middle-class and small businesses are the bedrock of the economy and new industries are the future of Tennessee and the future of America.

We must encourage and invest in people who start new businesses that put people to work in Tennessee.
Investment in new energy sources will create good jobs.
It's time that "Made in America" tags replace those that say "Made in China."

Source: 2014 TN Senate campaign website, AdamsForTN.com , Jun 25, 2014

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