Prosperity Economics" Instead Of Right-Wing Austerity Economics
From Our Future

With the elite conventional political wisdom so congealed around the idea that the federal government is broke, that our top priority must be to "cut the spending" without discussing the merits of the government spending we are told we must be eager to cut, and that we have to break the promises of economic security we have made to seniors and people who are struggling on the economic ladder, it is particularly important now to remind Americans that there is another way out. Or, more precisely, there is only one way out of our economic morass, and the way of forcing middle- and low-income people to made do with less while showering more relief on the wealthiest among us is not it. “Prosperity Economics; Building an Economy For All” is important not because it breaks dramatic new ground in the economic debate, its co-author, Jacob Hacker, said during a presentation today at the Economic Policy Institute. But its significance is the very fact that the conservative austerity agenda is becoming so entrenched in both political parties, and in the Republican party, extreme to an unprecedented degree.
 

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