Friday, May 20, 2011

Digby: Uhm, don't tell anyone but we're not broke

I would imagine that the conservatives and corporatists in both parties would prefer that this message not get out lest the people start demanding a more equitable sharing of the wealth in this country:

We’re not broke nor will we be
Lawrence Mishel
May 19, 2011

Policy choices will determine whether rising national income leads to a prosperous middle class

Read Briefing Paper

Many policymakers and pundits claim “we’re broke”1 and “can’t afford”2 public investments and policies that support workers. These claims are meant to justify efforts to scale back government programs and public sector workers’ wages and benefits. The “we’re broke” theme also implies that America’s working families should be satisfied with the status quo in terms of wages that have been stagnant for 30 years.

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