Saturday, December 31, 2011

Quotation for Today: Saving the Middle Class

"There isn't any question that income inequality has increased over the last three decades or so, despite a conservative campaign to discredit the notion."
Michael Hiltzik
If we are the to restore the American Dream and save the American middle class, then the era of "Saint" Ronald Reagan and Republican policies that benefit only the one percent must end now!  

Extreme income inequality and inordinate wealth disparity are the Scylla and Charybdis of our times.  For the American middle class to get from between this rock and a hard place, government policies (e.g., a tax system that allows Wall Street hedge fund managers to pay a lower tax rate than their secretaries; an increasingly regressive income tax code; unnecessary wars and defense expenditures; lack of health care for all Americans, etc.) that mainly favor the one percent must be ended. 

Hiltzik's Los Angeles Times article, "Presidential campaign needs to get real on salvaging middle class," highlights the need to debate the issue of an American middle class and government policies that are destroying that middle class. The genesis of government's inequality policies can be found in Republicans' Herbert Hoover orthodoxy which began anew during Ronald Reagan's presidency.

Hiltzik, Michael. "Presidential campaign needs to get real on salvaging middle class."  Los Angeles Times 1 January 2012: online edition.

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