Are U.S. workers "middle class" or poor?

The student loans like the home loans, car loans and all the other consumer debt--- all bubbles waiting to pop--- are the result of the system, Wall Street's rotten capitalist system, refusing to pay working people real living wages based upon all cost of living factors.

Wall Street believed it had a fail-safe racket for keeping wages down while making money off the interest charged on these debts while leading people to believe they were living a "middle class" life-style.

What this amounted to was Wall Street making people believe they were well off when they were really poor. Real, real poor.

Debt is poverty.

Pushing people out of their homes through foreclosures and evictions is just one more way for Wall Street to get the miserly wages already paid back.

Make no mistake; these greedy Wall Street bastards already own everything and they aren't satisfied--- they still want more.

Obama is working out a deal to "restructure" mortgages in a way that will not only allow Wall Street bankers to take back homes but take everything else people own.

Many working people who have already lost their homes still have massive student loans and huge credit card debts to pay off not to mention other big-ticket items like cars, boats, snowmobiles, motorcycles, All-terrain vehicles, etc.; they are never going to be able to afford to pay this debt back--- not in one life-time or even two.

What will be next? if you want more credit your children will have to agree to pay?

Millions of people now have debt with nothing to show because they were forced to use credit cards to purchase even their food.

Instead of fighting for real living wages, working people followed the lead of a bunch of pathetic and useless labor leaders who never questioned any of this let alone led any kind of struggles required for wages (Social Security and Unemployment benefits) which should have been based on all cost of living factors.

Wages, not credit cards, should have been paying for all of this--- the cost of higher education included. In lieu of real living wages, universal social programs should have been in place to provide the basic necessities of life.

Millions of Americans are still paying on medical/nursing home debts.

Only complete fools would expect that working class families foreclosed would be able to repay any of this other debt.

During the depression of the 1930's there was a similar situation and no one wants to talk about the results with the big bankers ending up owning everything from kitchen sinks to homes and farms.

Obama is helping the Wall Street bankers gobble up the rest of the wealth they couldn't lay claim to during the last depression while expecting us to be so dumb to pay for Wall Street's dirty imperialist wars.

Politicians keep talking about "jobs, jobs, jobs;" the problem is the only jobs they ever create are poverty wage jobs.

Not one single politician dares to talk about the need to tie and index wages--- especially the minimum wage , Social Security and unemployment benefits--- to all cost of living factors.

The "middle class" standard of living--- one great big hoax--- has been the result, not of wages, but the result of credit combined with poverty wages.

I challenge anyone to dispute this.