Monday, February 3, 2014

Decent Economic Growth Hides The Increasing Gap Between the Rich and Everyone Else

www.politicususa.com/2014/02/02/decent-economic-growth-hides-increasing-gap-rich.html
"It is important to remember that the Commerce Department, Congressional Budget Office, and every economist not working for the Heritage Foundation predicted austerity would take a toll on economic growth that bore fruit in 2013, but it still predominates Republican economic policy and Americans will continue suffering until austerity is rejected. Of course, Republicans are well aware their austerity is crushing the economic life out of Americans and that their wealthy donors are reaping the benefits of austerity that protects them from tax reform to close loopholes that only the rich benefit from. Closing loopholes would help fund the more than $1 trillion infrastructure improvements called for by fiscal conservative and Republican economic expert Martin Feldstein. However, Republicans are not about to make any moves that help the economy, or millions of Americans struggling with economic insecurity because as long as promising economic reports benefit their wealthy donors exclusively, they will cling to austerity because it kills jobs, increases poverty, and protects the rich."