Much More “Recovery” and We’ll Really Be Broke
If during a recovery we have steadily eroding incomes and shrinking household wealth, then what will happen when the recovery ends? Perhaps we should measure our economic health in a more meaningful way, since government deficit spending can paint the GDP chart, and create the illusion that government action (spending) can stimulate the economy. Could government programs mask a chronic economic contraction? With over 46 million food stamp recipients, how long would the soup kitchen lines be if people still had to line up for food? One thing is clear, government dependency has increased over the course of this "recovery".
Sentier Research: US Incomes Fell More in Recovery Than During Crisis:: www.moneynews.com/StreetTalk/us-income-recovery-cr…49586