Worse Than You Thought: Bush's Budget and the Gutting of Social Security

The economic consequences of the worst government in U.S. history are starting to emerge. The number of people living in poverty has increased three years in a row; the share of total income that goes to the bottom two-fifths of households has fallen to one of its lowest levels since the end of the Second World War; wages for most workers are stagnant or falling; the number of people lacking health insurance is at a record forty-five million; the budget deficit has climbed to $427 billion (this during an economic recovery); and the world's largest economy, not to mention preeminent military power, is also the world's largest debtor.