"We're not broke nor will we be." Lawrence Mishel, Economic Policy Institute, May 19, 2011.
Policy choices will determine whether rising national income leads to a prosperous middle class
Many policymakers and pundits claim “we’re broke”1 and “can’t afford”2 public investments and policies that support workers. These claims are meant to justify efforts to scale back government programs and public sector workers’ wages and benefits. The “we’re broke” theme also implies that America’s working families should be satisfied with the status quo in terms of wages that have been stagnant for 30 years.