I don't believe you are correct on that dude. your distinction is on taxable v non-taxable earnings, the base ignores that and is total wages plus other income less amount consumed.
on consumption, it's what our economic model is based on. the deficit in the savings rate isn't a problem as long as there are inflows of additional capital. so far the rest of the world likes to provide that service for us, and do so at a fairly cheap rate.
on the stock market, its been a good run. you want to give bush credit for that? why?
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