Wage Gap And The Debt Trap - 1955 Words

Wage Gap and the Debt Trap in America President Barack Obama made it clear that income inequality was going to be a big priority, â€Å"the combined trends of income inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe... I believe this is the defining challenge of our time.† The president said the words income inequality 26 times during that speech which everyone took to mean one thing: an all out assault on income inequality. Instead, President Obama immediately backed down shifting strategy on attacking income inequality because Democrats are split on the issue leaving Obama to shift talk away from the subject. Our President can’t talk about income inequality and our politicians are afraid to bring it up for fear of branding themselves in â€Å"class warfare†. Income inequality has just become another topic of conversation we prefer to avoid in America like Japanese internme nt camps and the record high imprinsonment in America. There is a key reason why no politician wants to talk about income inequality they are blamed of driving a class warfare argument. The phrase class warfare is so toxic, the President actually had to stop talking about the thing, he describes as, â€Å" the fundamental threat to the American dream†. President Obama gathered a group of historians and told them, â€Å"...help me find a way to discuss the issue of inequality in our society without being accused of class warfare.† JustShow MoreRelatedFiscal Policy And Its Effects On Economic Growth1260 Words   |  6 Pageseconomy, noted as periods of recession and expansion. The idea of fiscal policy is simple when the economy is sluggish or too hasty the government will intervene by changing government spending on taxes. 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