Donate Today!



 

Sign-Up for Newsletter!

 

Popular content

Romney: "Middle Income" in the US is $250,000

- Common Dreams staff

How does GOP presidential hopeful and multi-millionaire Mitt Romney define 'middle class' in the United States?

"Middle income is $200,000 to $250,000 and less," Romney said on Friday in an interview with ABC News. According to his response to a question about whether or not he considers "middle class" income for Americans to be somewhere around "$100,000" by ABC's George Stephanopoulos on Friday, Romney rejected that number.

"No," Romney said. "Middle income is $200,000 to $250,000 and less." 

But, as recent numbers from the US Census Bureau attest, the US median annual household income in 2011 was only $50,054. That's 1.5 percent decrease from the previous year and evidence of continuous trend of decline.

Though Romney has been dogged for weeks about his campaign's ability (or inability) to maintain adherence to truthful or factually accurate statements, his interview with Stephanopoulos did little to dissuade critics.

Romney and his vice presidential candidate Paul Ryan have both made broad claims about how their budget proposals would actually address the US budget deficit, but both continue to duck demands they explain the troubling arithmetic and ghost-like specifics of their economic policies.

The clip from ABC News:

#  #  #