Charles Payne
So, I'm driving home last night listening to the greatest hits from Run-DMC when "It's like That" hit me right in the forehead. The 1983 hit has lyrics that - sadly - ring true today.

Money is the key to end all your woes
Your ups, your downs, your highs and your lows
Won't you tell me the last time that love bought you clothes?
It's like that, and that's the way it is
Hun!

Bills rise higher every day
We receive much lower pay
I'd rather stay young, go out and play
It's like that, and that's the way it is
Hun!

Government tabulators made it official, but most people already knew their incomes, already in a long downward drift, have begun to spiral much lower. Yes, bills like gasoline and groceries rise higher every day, and most are lucky to get any pay. And now, there is real disappointing news from the CBO on Obamacare. Because of lingering high unemployment, sagging wages, and states opting out of Medicaid, there will be 30 million people without healthcare insurance with six million having to pay the penalty, up from two million the last time the CBO combed through the numbers.




Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.