Repubs have been using this tired diatribe for years….you know if you say something long enough people will start believing the words without checking the facts……and it is working. For months now the GOP has been on a massive ad campaign to make the people, the voter, think that cuts in ALL services are needed or the country will go under and of course they use Greece, that scary scenario playing out in Europe…..and it is working…..all those talking points that are repeated 100 times a day…..are working.
But people are we truly going broke or is it all so much bovine fecal matter? My vote, no surprise to anyone, is it is Bovine in nature…..the Economic Policy Institute (EPI) has issued a new report……
That’s just not true, writes Economic Policy Institute (EPI) President Larry Mishel, in a new briefing paper, We’re Not Broke, Nor Will We Be.
Nevertheless, while these claims have little in the way of truth, politicians and pundits have successfully used them to promote budget cutbacks and the notion that employers cannot afford decent pay and benefits.
The paper shows the economy has seen steady growth in income and wealth over the past 30 years and will see similar growth in the next 30 years. The caveat is the middle class hasn’t seen much benefit from that growth. Since 1979, the top 10 percent of households have received almost two-third of all the income gains, with the top 1 percent claiming 38.7 percent.
Read the report in its entirety….there are questions answered and some new ones asked…..Before you jump on any bandwagon do a little research and see if you are being told the truth…….
No, you’re not broke, but I disagree with the analysis – you COULD go broke – NOT because of welfare, or even because of big government and its stupid idea that it can control the people – or anything, for that matter – but (as I just commented on your earlier post) because you (America) have NOT looked after THE MIDDLE CLASSES. It is THEY who drive the economy and most other things and without them, you CAN and WILL decline rapidly in the world and eventually go bust!
If (when) most of the middle classes become poor, you WILL BE GREECE, but without even the culture and 3000-4000 years of history to fall back on.
I agree that we are not broke…that is the political imagery that the politicians are trying to sell to get what they want….
But you WILL be, if things don’t change radically!
And change quinkly
Great find lobo. Thanks
Thanx lb…..see what you can find when you have NO life outside of the PC…..LOL