"It goes like this—“We’re going broke we can’t afford it.” It’s almost a mantra from the crowd of lawmakers and policy “experts” who are loudly and continually claiming the nation must make drastic cuts in family-help government programs; cut wages, pension and health care for public-sector workers and who also suggest working families should be satisfied with three decades of stagnant wages.
That’s just not true, writes Economic Policy Institute (EPI) President Larry Mishel, in a new briefing paper, We’re Not Broke, Nor Will We Be.
Nevertheless, while these claims have little in the way of truth, politicians and pundits have successfully used them to promote budget cutbacks and the notion that employers cannot afford decent pay and benefits."
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