October 29, 2004.
Wage growth continues to slow; falls behind inflation
The average pay of working Americans grew at the slowest rate on record in
the third quarter of the year, according to today's Employment Cost Index
(ECI) report from the Bureau of Labor Statistics. This series, which begins
in 1982, shows that the wage and salary component of the index grew 2.4%
between the third quarter of 2003 and the fourth quarter of 2004. This
change is the slowest growth rate on record, and below the 2.7% rate of
inflation for this period.
-cont.-
http://www.epinet.org/content.cfm/webfeatures_snapshots_10292004
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Bush's $10 Trillion Borrowing Binge
New projections from the Congressional Budget Office indicate that
continuation of President Bush's budget policies will triple the national
debt by the end of fiscal 2013. Left unchecked, Bush's reckless approach to
fiscal policy will saddle our children with an additional $10 trillion in
debt just ten years from now.
http://www.ctj.org/pdf/binge03.pdf
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