An Economy For All

Remember when the fight broke out in Wisconsin over the right to collectively bargain and President Obama and a phalanx of national democratic leaders spread out across the country fighting for the rights of American workers? 

Right, we don't remember that either.
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One of the persistent myths about Social Security is that benefit cuts could be done in a way that would only affect the richest Americans. So let us clarify the issue for those who are confused. Cuts that would have any meaningful impact on Social Security’s finances will necessarily fall on the middle class. Period.

Even if we were prepared to endure the damage that cuts for the rich would wreak on the program, doing so would not shore up Social Security’s finances. There is not enough money in the Social Security checks of the richest men in the country to buy the government an armored Humvee, let alone fill Social Security’s $700 billion shortfall.

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Congress out of session with a crisis on our hands? What can we do without passing legislation to address rampant fraud in processing foreclosures?

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