Is the Middle Class Getting Squeezed by Liberal Public Policies?
March 13, 2015
News Article
Is the Middle Class Getting Squeezed by Liberal Public Policies?
Also published in Forbes Thu. March 12, 2015.
President Obama’s concern about “middle class economics” is justified. But as I pointed out in a previous post, his prescriptions would do almost nothing to solve the problems. According to a private sector estimate, the benefit for families in the middle from all of the Obama proposals would be a paltry $12 a year. According to the Treasury Department, the benefit would be closer to $150. Either way, it’s small potatoes.
If you don’t understand the problem—or won’t acknowledge it even if you do understand it—you are unlikely to find a solution that works.
