Live At Your Own Risk

Yale Political Scientist Jacob Hacker says the widening gap between rich and poor is a "great risk shift" from collective institutions to individuals.

By David Moberg

For three decades, the gap between the rich and everyone else has grown in the United States. At the same time, working people have faced greater economic uncertainty, their incomes have fluctuated more dramatically, and both employers and governments have cut back on measures such [RETURN TO ARTICLE]

  • Reader Comments

     Page 1 of 1 pages

    “These middle class workers found their ... , or, like many Enron employees, their 401(k) retirement accounts collapsed with their employer”

    Silly foolish naive. NEVER invest all of your retirement savings into a single company, ESPECIALLY the one you work for (Duh!). That is the lesson that some (very greedy and foolish) poeple should learn from this particular thing. (I feel as sorry for them as the people who lose it all at a craps table, tragic but stupid.)

    I am all for economic reform, but we need to address the greed of the US consumer, middle class or poor. The standard of living in the US has crept up to unsustainable levels (poor people with cable tv, color tv, eating fast food, etc etc).  The unpopular message should be “live within your means”, rather than more more MORE!!!

    So some might have to give up on some luxuries, but surely we - collectively - can afford to provide health care to all, and maybe even education through college as well. Maybe this will require cutting back on some middle class luxuries, three cars in every household (financing the crazys in the middle east), etc.

    Just a thought.

    United States Posted by wolf on Nov 28, 2006 at 4:43 PM

    I’m a Texas boy who still backs congressman Dennis Kucinich.
    He has a practical cure for our country’s ills.
    He does remember that

    United States Posted by wash1945 on Nov 28, 2006 at 10:30 PM

    This title is something we should all remember

    United States Posted by whattheheck on Nov 30, 2006 at 7:23 AM

    Sorry, I forgot to include the article I mentioned/.

    http://www.opinionjournal.com/la/?id=110009316  
       
    Change for the Better
    The case for economic turbulence.

    United States Posted by whattheheck on Nov 30, 2006 at 7:25 AM
    United States Posted by kagreen2k on Dec 1, 2006 at 2:16 PM

    kagreen2k,

    International law: Talk about word games. War by its very nature is lawless. It is born of fear, greed, self preservation, survival, or whatever motives

    United States Posted by whattheheck on Dec 2, 2006 at 7:39 AM

    I agree with whattheheck…also besides Saddam Hussein boasting of having WMD, the Clinton administration believed it also.

    Bill Maher has credibility?  OK and the sky is green.

    United States Posted by kimberlyausten on Dec 4, 2006 at 2:44 AM

    Considering that after 9/11 America was urged to “go shopping”  I don’t see how we can have it both ways.
    Certainly working people could divert some greater portion of their earnings toward better health care plans (and subsequently avoid some percentage of illness-related bankruptcy.)
    However, how much of this diverted “disposable” income would then be removed from our domestic economic circulation?
    Not to mention - the actual and real costs contained within the process of debt maintenance, government-sponsored (and ax-based) medical bailouts for people whose conditions initially could have been diagnosed and treated with preventative care at a fraction of the ultimate cost, when those conditions escalate to something far more serious.
    I make this point, thinking of the classical example: The $30 regular oil change instead of the much more expensive engine replacement.

    It appears to be standard and accepted fact now that we live in such a “risky” world. Why?

    Canada Posted by littleplanet on Dec 9, 2006 at 2:32 PM

    “In a sandbox the size of Iraq anything could be hidden. The U.S. may have prevented future attacks since 9/11

    United States Posted by kagreen2k on Dec 10, 2006 at 6:53 AM

    littleplanet,

    United States Posted by whattheheck on Dec 11, 2006 at 7:52 AM

    kagreen2k,

    Who can argue with such solid, objective reasoning?

    :-)

    United States Posted by whattheheck on Dec 11, 2006 at 7:58 AM

    This thread is interesting but a little off base.
    The internal danger has been created by our government directly
    as a result of our longstanding one-sided partisanship in supporting
    Israel and rightwing Arab tyrannies. Some of us suspected that when
    the Commies disappeared a new bogeyman would arise and it will
    never end until we decide it will. We will be fighting Martians next.
    Perpetual War For Perpetual Peace as Harry Elmer Barnes put
    it over 53 years ago.

    United States Posted by blondemike on Dec 14, 2006 at 9:57 AM
     Page 1 of 1 pages
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