"The nature of poverty is ongoing struggle of course but when real wealth is created, when new businesses flourish, when organic economic growth occurs, more poor people are lifted out of poverty.Under Bernanke those with assets already have done very well (for the time being) while those who would like to own assets have seen that dream slip away.
The “underclass” we’ve heard so much of over the past couple of decades has truly become permanent.
1 in 6 people in this country are fed by the government, and the number continues to grow.
Debt burdens have shifted from consumer debt, to student debt as young people try to wait out the slow economy like the kids of the 60s tried to wait out the Vietnam War.
When the economic refugees are forced out into the real world these students often find that there are no jobs available which pay enough to enable them to pay back the piles of debt they’ve accrued..
A giant anchor hangs around the ankle of a generation."
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