Listen, I'll buy into the fact that the nation's debt is a problem, but I won't buy into the fact that income inequality is not a big factor in that problem. If you're going to deal with any of it, you've got to deal with all of it.
Source: The Washington Post
In a rational world, a new study that came out today on income equality would constitute a major blow to the GOP argument on the sequester.
The new study was performed by Thomas Hungerford of the non-partisan Congressional Research Service. Though the study is not a CRS product, Hungerford's data is widely cited on both sides; he's an impeccably objective analyst.
Here's what Hungerford found: The single greatest driver of income inequality over a recent 15 year period was runaway income from capital gains and dividends.[emphasis mine]