[lbo-talk] Interview with Elizabeth Warren

[123hop at comcast.net]

"I think these data point toward a somewhat larger upper class, with the rest as just one big underclass. The old middle class is now comprised of families who are living paycheck to paycheck, who are dealing this week with debt collectors and next week with late fees and 29 per cent interest on the credit card, who are on a treadmill that they can never get out of debt, never put anything aside in the way of savings. They have better moments and worse moments, but the differentiation between the poor and the middle class is no longer so clear. Now the differentiation is between the upper class and everybody else, because everybody else lives on a financial cliff. Some are getting pushed off, and some are just going to hang on the edge of the cliff. I fear we are moving toward a two-tier society and that government policies have pushed us in that direction, encouraged that division, and made it more comfortable for those who are well-to-do and much more dangerous for those who are part of the growing underclass in America." 

http://www.counterpunch.org/kreisler04302010.html 

I sure do like this woman.... 

Joanna