I know it is the weekend and I usually take a break from politics to post on other happenings in the real world….but this election is nearing its end and there are a few things that I feel need to be discussed before the fatal day of voting…….

The income gap between the rich and everyone else is large and getting larger, while middle-class incomes stagnate. That’s raised concerns that the nation’s middle class isn’t sharing in economic growth as it has in the past. And it sparked the Wall Street protests that spread to other cities in the country.

President Barack Obama would raise taxes on households earning more than $250,000 a year, plus set a minimum tax rate of 30 percent for those who earn $1 million or more. He also wants to spend more on education, “a gateway to the middle class.”

Republican Mitt Romney blames Obama’s economic policies for failing to create enough jobs so that middle- and lower-income Americans can earn more. He wants to cut taxes more broadly and says that will generate enough growth to raise incomes for all Americans.

Why it matters:

Income inequality has risen for three decades and worsened since the recession ended. A report in mid-September from the Census Bureau found that the highest-earning 20 percent of households earned 51.1 percent of all income last year. That was the biggest share on records dating to 1967. The share earned by households in the middle 20 percent fell to 14.3 percent, a record low.

Poverty has deepened. Fifteen percent of Americans were below the poverty line in 2011, the Census Bureau says, slightly lower than the 15.1 percent in 2010. That was the first drop after four straight years of increases.

But the recession has pushed up the poverty rate sharply since it stood at 11.3 percent in 2000. About 46.2 million people were poor last year, 46 percent more than in 2000.

Some economists argue that income inequality contributed to the financial crisis. As middle-class incomes stagnated in the 2000s, Americans borrowed to fuel more consumption and buy larger homes. That caused an explosion in household debt that couldn’t be sustained when the housing bubble burst.

At stake, says Obama, is “the basic bargain at the heart of America’s story, the promise that hard work will pay off.” Romney says Obama’s policies have made the middle class poorer. He says he will remove barriers to opportunity, such as excessive regulation of small business, so that more Americans can succeed. “We’re not the party of the rich,” he said. “We’re the party of the people who want to get rich.”

This is a subject was seldom talked about on the campaign trail……it is something that needed more attention, in my opinion.

This is my last attempt to inform the voter in this election…….remember go vote on Tuesday!

Thoughts?