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http://robertreich.org/post/37674429285As Washington Fiddles over the Fiscal Cliff, the Real Battle Over Inequality Is Happening in the Heartland
MONDAY, DECEMBER 10, 2012
Washington has a way of focusing the nations attention on tactical games over partisan maneuvers that are symptoms of a few really big problems. But we almost never get to debate or even discuss the big problems because the tactical games overwhelm everything else.
The debate over the fiscal cliff, for example, is really about tactical maneuvers preceding a negotiation about how best to reduce the federal budget deficit. This, in turn, is a fragment of a bigger debate over whether we should be embracing austerity economics and reducing the budget deficit in the next few years or, alternatively, using public spending and investing to grow the economy and increase the number of jobs.
Even this larger debate is just one part of what should be the central debate of our time why median wages continue to drop and poverty to increase at the same time income and wealth are becoming ever more concentrated at the top, and what should be done to counter the trend.
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And theyve taken on the unions that once negotiated good wages on behalf of the middle class and of those who aspired to join it.
The result has been a degree of inequality this nation hasnt witnessed since the days of the robber barons of the late nineteenth century an inequality thats harming our economy as much as its undermining our democracy.
As Washington fiddles over the fiscal cliff, a larger battle over inequality is being waged all over America.
dkf
(37,305 posts)Kids are an investment in the future and will build a better future economy. Providing for the elderly is all nice and good, but it does not provide any future benefit.
Moreover health expenses are growing faster than GDP which ensures the gap will grow larger as the elderly are entitled to the promises made by this nation while children aren't entitled to much of anything.
democrattotheend
(11,605 posts)I certainly believe in taking care of the elderly, but I agree that we spend too much on them and too little on children. When Social Security and Medicare were created, the poorest people in the country were the elderly. Now (probably because of the success of SS and Medicare), the poorest people in the country are children, but our policies don't reflect that.
That's why I am torn about the means-testing thing. I understand the arguments against it but at the same time I have a hard time justifying why we spend money providing Social Security and Medicare for those who don't really need the help while spending so little on poor children who do.
HiPointDem
(20,729 posts)unemployment, social service cutbacks, high hidden taxation of the poor, and high social tolerance for poverty generally.
Cutting SS & MC completely won't provide a dime more for children. And there are plenty of seniors on SS supporting children and grandchildren.
DJ13
(23,671 posts)Even you will one day.
OKNancy
(41,832 posts)It certainly does provide benefits.. children and grandchildren don't have to pay for their elders... the cost is spread out.. borne by the community as a whole.. it takes a village and all that liberal stuff...
Although I know you aren't really that liberal.
hootinholler
(26,449 posts)On all observations.
dkf
(37,305 posts)Sad but true.
leftstreet
(36,112 posts)dkf
(37,305 posts)HiPointDem
(20,729 posts)dkf
(37,305 posts)"Children's 10 percent share in 2011 compares to the 41 percent spent on the elderly and disabled via Social Security, Medicare, and Medicaid; 20 percent on defense; 6 percent on interest payments on the debt; and 23 percent on everything else."
http://www.npr.org/blogs/thetwo-way/2012/07/19/157042695/report-federal-spending-on-kids-declines-for-first-time-in-30-years
HiPointDem
(20,729 posts)20% of the population, and more than half of them are being supported perfectly adequately by their families.
and that 41% on elderly AND DISABLED includes SSI spending, Social Security disability spending, and Social Security dependents' benefits, all of which include spending on young people & middle aged people.
Third, federal spending on almost *everything* is down, and so is state spending, because, uh, in case you hadn't noticed, everything is being cut.
It's just rigged stats to ramp up the war against SS/MC, not surprising it's NPR, our rich peoples' foundation-funded "public" television.