The top 0.1 % of top 1 % of wealthiest people in America earn 11 % of US income. The gap between rich and middle class is growing much wider. This is an economic and a moral issue. Meanwhile, under President Bush, the federal deficits soared and the tax rates went DOWN. The top 1% of income earners had their taxes cut in half...paid hundreds of thousands of dollars LESS. One quarter of the kids in the US are on food stamps. The top 10% of of American earners, earned more than the remaining 90%.

President Bush inherited a huge federal surplus. The war in Iraq will cost $300 trillion and add to the national debt. The Bush tax cuts added to the national debt by cutting taxes for wealthy, but had no way to pay back that loss of federal funds, When Bush left office in 2009, there was a $10 trillion federal deficit. That deficit has now grown to almost $14 trillion today due to the Wall Street and banking collapse and bail-outs of 2007-2009.

The banks it on huge amounts of bail-out money and do not lend because Americans are now not credit-worthy after huge numbers of Americans had credit ratings lowered with mortgage fraud and bankruptcy.