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Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
William Greider
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William Greider
Age: 83 †
Born: 1936
Born: August 6
Died: 2019
Died: December 25
Author
Editor
Journalist
Writer
Cincinnati
Ohio
William Harold Greider
Hard
Recessions
Folks
Bottom
Bloodied
Policy
Inadvertently
Already
Induces
Economy
Squeezed
Economic
Bankrupt
Half
Recession
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The ways in which people treat animals will be reflected in how people relate to one another.
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If everyone has to be a watchdog in order to make government work, then the foxes will also volunteer to serve.
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Aside from sending someone to war or to prison, government s ability to make people involuntarily give over their money is its strongest exercise of authority over private citizens and their institutions.
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Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
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People know elections, like television commercials, are not real.
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Fellow senators balked at punishing Senator Alfonse D'Amato of New York though he was caught in a series of transactions that earned him the label Senator Sleaze. D'Amato explained their reluctance as he defended his own behavior. There but for the grace of God go most of my colleagues, he said.
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The scandalous question that hangs over modern government and excites perpetual outrage is about political money and what it buys. What exactly do these contributors get in return for the hundreds of thousands, even millions of dollars they funnel to the politicians?
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Creating a positive future begins in human conversation. The simplest and most powerful investment any member of a community or an organisation can make is to begin with other people as though the answers mattered.
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In 1900 Americans on average lived for only 49 years and most working people died still on the job.
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When self-important people and powerful institutions are governed by illusion, history has a way of biting back.
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If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder.
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Maybe the reason some folks lag behind in our free enterprise system is because they depend too much on the free part and not enough on their own enterprise.
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The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.
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