Roomin' House Blues

These days we here quite contrary things on the economy.  We are told that with the massive deficits, personal and business debt today, Americans need to spend less and save more or we will never restore economic health.  Then we are told that the economy is dead in the water because consumer spending has slowed down and that we must spend, spend, spend to get it going again. Which should do? Both! That's right, both.  The most serious problem we are facing is not the national and personal debt.  Nor  is the lack of consumer spending.  as serious as each of those problems are, they are symptoms of a greater problem.  The growing disparity of wealth and income.  The middle class is shrinking, the poor are getting poor, even the rich are often losing ground to the wealthy few. Income, property and saved wealth are concentrating in fewer and fewer hands. By itself this is problem.  The economy exists to s...