Monday, April 4, 2011

Dean Baker on Redistribution (really corruption)

Rep. Ryan is scheduled to release his budget proposal on Tuesday. Word is out that it slashes social spending.

Dean Baker reminds us that the actual problem is redistribution to the top:

"The basic economic reality is very simple and everyone in Washington knows it. There is no way that future generations of workers will be poorer than the current one due to benefits like Social Security and Medicare. They could end up poorer if we continue to see the benefits of growth shifted to the top. The latter is the result of the corruption of politics in Washington. And at the moment, Mr. Ryan is the poster boy for that corruption. If he gets his way, your children and grandchildren can count on a very bleak future."


[Emphasis added]

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