06.19.2012 Policy Points

The Future Of The Middle Class

Writing in The American Prospect, Jeff Faux asks, “Who will save the middle class?”

After three decades of policies that have undermined the country’s global competitiveness and the bargaining position of its workers, the United States economy can no longer provide the means to support its three most politically important American dreams: Wall Street’s dream of subsidized limitless profits; the military-industrial complex’s dream of global supremacy; and the middle class’s dream of rising incomes.

One out of three? Certainly. Two out of three? Perhaps. All three? No way.

The deal is done. The middle class will be sacrificed. The partisan disagreement is now over the details: how much pain there will be and how fast it will come.

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