Before Wisconsin's budget went bust, Governor Walker signed $117 million in corporate tax breaks. Wisconsin's immediate budge shortfall is $137 million. That's his pretext for socking it to Wisconsin's public unions.
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Meanwhile, of course, more and more of the nation's income and wealth has been concentrating at the top. In the late 1970s, the top 1 percent got 9 percent of total income. Now it gets more than 20 percent.
So the problem isn't that "we've" been spending too much. It's that most Americans have been getting a steadily smaller share of the nation's total income.
At the same time, the super-rich have been contributing a steadily-declining share of their own incomes in taxes to support what the nation needs -- both at the federal and at the state levels.
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But America is the richest nation in the world, and "we've" never been richer. There's no reason for us to turn on our teachers, our unionized workers, our poor and needy, and our elderly. The notion that "we" can no longer afford it is claptrap.
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http://www.huffingtonpost.com/robert-reich/the-coming-shutdowns-and-_b_826029.htmlThis man always hits the nail on the head.
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