Why our economy remains in decline.

I keep raising the issue of income inequality as a major cause of the economic malaise in the U.S., but most Republican s continue to harp on the debt and the deficit. If we fixed the income inequality problem, folks, some of the debt/deficit issues would go away.

From Electablog

The carried interest loophole for millionaire traders is the perfect example of the tax breaks the GOP is risking recession to protect.

This is why Mitt Romney pays a lower tax rate than you do
I'm about to shock you.

Read this: "Skewing income toward the upper, upper class hurts our economy because the rich tend to sit on their money - unlike lower- and middle-income people, who spend a large share of their paychecks, and hence stimulate economic activity."

Guess who wrote it?

A Republican. And not just a regular Republican, the Republican woman who George W. Bush picked to run the FDIC - Shelia Bair.
In 2013, it's nearly a miracle when someone who identifies as a Republican dares to state common sense.

But Bair didn't stop there in her recent op-ed for the New York Times "Grand Old Parity." She called on the GOP to end the tax breaks we give to hedge fund managers that allow them to treat their income as investment income - a heinous exploitation of the tax code that has been protected by Republicans and a few Democrats due the the outrageous amount of money the financial industry spends on lobbying.