John Ryding, chief economist at RDQ Economics, was quoted as saying, "The word for this report is 'shocking.'" Sorry, Mr. Ryding, why are you shocked?
David Brooks, the New York Times columnist, recently opined, "The current welfare state is simply unsustainable and anybody who is serious, on left or right, has to have a new vision of the social contract."
Wealth gaps have always been much greater than income gaps, but the changes have never seen the magnitude in the past few years.
Even if a deal is struck at the last minute, or if President Obama raises the debt ceiling on his own, this controversy reveals a system in serious need of repair.
The problem is not so much a "gang of six" now making deals, but the gang that took over the House of Representatives and statehouses and governorships across the country last fall.
Elizabeth Warren represented the moral opposite of the decadence in Wall Street that nearly ruined, and may yet ruin, the whole nation.
Is it a train wreck? A gathering tsunami? Just a fake drama?
If we live in a country where some citizens' votes count more than others - in other words, in which "one person, one vote" is really not the standard - how can we claim to be a real democratic state? At best we have a limited and imperfect democracy.
Cantor's most cruel political grandstanding came after the terrible tornado that ravaged Joplin, Mo., killing and injuring hundreds this year. Cantor proclaimed that he would block all federal relief funding for the suffering people of Joplin until Democrats agreed to cut a similar amount from the budget.
A two-part response is needed to Eric Cantor and his fellow Republicans.