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In reply to the discussion: Ed Schultz: "This Is A Big Win For The Democrats" [View all]TiberiusB
(526 posts)Unless you want to live in Bel Air, there is virtually no where in the country that 250k isn't way beyond middle class and 400/450k isn't essentially rich, though not massively so. A million every 5 years is middle class? or 2/2.25 million? You have got to be kidding. The median income in the U.S. is something like 43k and has actually gone down over the past few years, despite the "recovery". I happen to be the dad 1/4 of a family of 4 and we survive on a combined income of about 80k. We have lived in Southern California (Castaic and Palms in L.A.) and New York. I lived the first 24 years of my life in Massachusetts. If you have it in your head that you absolutely shouldn't have to live within your means, then yes, 250k is going to be hard to live on in some cities. For those people that understand the word "commute," it's not a problem.
Obama's 250k ceiling was a ridiculous number to start with and virtually guaranteed we were going to wind up with something worse, but that has always been his style, so it's clearly a feature, not a bug.