Archive: February 6, 2011 - February 12, 2011
Politicians and pundits like to blame Americans' excessive debt for plunging the economy into recession in 2008. But middle-class earners had a good reason for borrowing: Their incomes have dropped since 1980, during a period when the U.S. economy's gains increasingly went to the wealthy. According to former U.S. Secretary of Labor Robert B. Reich, the only way out of the doldrums now is to redress that imbalance and help the middle class resume its role powering the economy.
By getAbstract | February 10, 2011; 12:40 PM ET | Comments (1)