. . . then what? Joseph Stiglitz, my second-favorite economist, lays out the dire effects of Reaganomics in the Washington Post piece. I only wish he'd added that we need to raise taxes.
The massive public disinvestment that helped get us in this hole will only get worse if the Republicans get their way. But in a short opinion piece, I suppose, even a master like Stiglitz cannot hit every point.
When Senator McConnell weeps bitter tears about the pitiful state of the rich, refer to Stiglitz's piece, which points out that since Reagan came in, the rich have gotten two and a half times richer than they used to be, while the unrich have, at best, stayed where they were. Many did not do that well.
http://www.washingtonpost.com/opinions/how-policy-has-contributed-to-the-great-economic-divide/2012/06/22/gJQAXTX2vV_story.html?hpid=z2
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