America's Middle Class Can't Take Much More Punishment
Economic Realities Are Killing Our Era of Fantasy Politics
By Matt Taibbi, RollingStone.com
Posted July 23, 2008
We have a government that is spending two and a half billion dollars a day in Iraq, essentially subsidizing new swimming pools for the contracting class in northern Virginia, at a time when heating oil and personal transportation are about to join health insurance on the list of middle-class luxuries. Home heating and car ownership are slipping away from the middle class thanks to exploding energy prices -- the hidden cost of the national borrowing policy we call dependency on foreign oil, "foreign" representing those nations, Arab and Chinese, that lend us the money to pay for our wars.
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