Wednesday, July 17, 2013

Financial Times' Ed Luce, Keeping Things in Perspective

Writing in The Financial Times:

But with the exception of America’s richest 1 per cent, no other income group rates the US budget deficit among the country’s biggest threats, according to polls. The remainder rank unemployment and stagnant incomes as bigger problems. To be fair to the 99 per cent, their concerns look more real. Can it really make sense to worry more about possible cuts 20 years away than actual pain today?

So yes, the real issue, for the 99 percent, is jobs and growth. 

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