American - Public | June 22, 1949 -
America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.
Elizabeth Warren
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'Middle class' used to be synonymous with secure, with steady, with boring, because middle-class people were people who were pretty much safe from the time they first started work on through retirement and until their deaths. No longer.
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I grew up in the Methodist church and taught Sunday school, and one of my favorite passages of scripture is, 'in as much as ye have done it unto one of the least of these my brethren, ye have done it unto me.' Matthew 25:40.
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Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We're a nation of debtors.
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People who graduate are more resilient financially, and they weather economic downturns better than people who don't graduate. And, throughout their lives, people who graduate are more likely to be economically secure, more likely to be healthy, and more likely to live longer. Face it: A college degree puts a lot in your corner.
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I want millionaires and billionaires and Big Oil companies to pay their fair share.
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A pension is nothing more than deferred compensation.
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I know what I am in Washington to do: I'm here to fight for hardworking families.
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I was a Republican because I thought that those were the people who best supported markets. I think that is not true anymore. I was a Republican at a time when I felt like there was a problem that the markets were under a lot more strain. It worried me whether or not the government played too activist a role.
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Other countries around the world make employees and retirees first in the priority. For example, in Mexico, the bankruptcy laws say if a company wants to go bankrupt... obligations to employees and retirees will have a first priority. That has an effect on every negotiation that takes place with every company in Mexico.
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You have two pages, that's the whole credit card agreement. The terms are clear and flat and easy to see so anyone can read them. So you could lay four credit cards in front of you and say, 'Oh, that's the one that has the highest rate, that's the one that has the really scary provision that could hurt me.'
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Thomas Piketty assembles the facts to prove a central point about trickle-down economics: Doesn't work. Never did. He has cold, hard data showing how the rich keep getting richer and how the playing field is rigged against working families.
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