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Thom's blog
Is 'The American Dream' a fantasy for younger workers?
For generations, the American ideal has been that each successive generation becomes more prosperous and successful than the one before it. But unfortunately, that's no longer the case. A new study from the Urban Institute indicates that, while American wealth as a whole has doubled over the last 25 years, younger people have fallen behind as a group.
Today, people age 40 and younger face more financial insecurity, and have a much bleaker prospect for retirement than seniors today. And according to the study, the trend started long before the Great Recession – as income for younger Americans flat-lined in 1999. Younger generations have faced ballooning student loan debt, a slow economy, and a housing market collapse in addition to stagnant wages. Urban Institute experts say that a stronger job market and rising incomes would certainly help many younger workers, but the delay in wealth accumulation may have a lasting impact on their lives.
Ms. Mary McKernan, one of the study's authors, said, “it's a little bit of a tipping-point moment. If we don't address it today, they [younger Americans] might never catch up.” The war on unions, the destruction of a low-cost college education, and the lunacy of trickle-down economics has finally wiped out the possibility of a financially secure future for an entire generation.
The only way we can correct this now is through pro-worker economic policies. We can do this by bringing back good-paying manufacturing jobs. We can re-invest in our nation by providing free, high-quality, college education. We can help people struggling to pay down student loan debt.
We bailed out Wall Street, and huge stock market gains show the banksters are doing just fine. It's time to bail out the working people, so the next generation's “The American Dream” isn't just a fantasy.
-Thom
(What do you think? Tell us here.) |
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Tonight on The Big Picture on RT TV at 7pm and 9pm... Professor Steve Keen, "Debunking Economics" (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Conversations with Great Minds - Professor Steve Keen, "Debunking Economics" 
Daily Take: Ted Cruz...too busy playing with his "gun" to pay attention in the 6th grade
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Thursday's Daily Stack 
Live from radio row at CPAC 2013 at the Gaylord National Resort & Convention Center, 201 Waterfront Street, National Harbor, MD 20745
Hour One: Meeting Thom again at CPAC...- Jonathan Krohn, Freelance Journalist & Writer / former conservative turned liberal
Tea Party, Republicans and Democrats- Scottie Nell Hughes, the Tea Party News Network / Townhall.com
Seeking to return America to an "organic Christian society"- John Horvat II, Author-Return to Order / The American Society for the Defense of Tradition, Family and Property
Internet privacy- Erik Telford, Strategic Initiatives & Outreach-Franklin Center for Government and Public Integrity
Hour Two: Sequester, budgets, jobs- Senator Sherrod Brown, U.S. Senator (D-OH)
Letter: " To James Madison, Fontainebleau, Oct. 28, 1785" by Thomas Jefferson. " Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions or property in geometrical progression as they rise."
Hour Three: CPAC doesn't represent Republican values- Tim Young, Absolute Rights
Live at CPAC with Thom- Dan Bongino, former US Secret Service Agent and Candidate for U.S. Senate (R-MD)
Quote: "I don't want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub" by Grover Norquist.
In for Thom for the last half hour- Richard Fowler, host of the Richard Fowler Show on WE ACT Radio
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Friday on The Thom Hartmann Program, 3-6pm ET
Hour One: If it's Friday, it's "Brunch With Bernie"... the honorable Senator Bernie Sanders (I-VT) will be here with all the news from our nation's capitol and as always he'll be spending the hour taking your calls and answering your questions too...
Hour Two: Citizens United...money in elections- Bradley A. Smith, Center for Competitive Politics
Mayor Bloomberg's Styrofoam Ban Proposal Belongs in the Recycling Bin- Jeff Stier, National Center for Public Policy Research
Republicans want a return to Coolidge governance- Amity Shlaes, Four Percent Project, George W. Bush Institute / Author of the new book "Coolidge"
Conservative opposition to the transpacific partnership and fast track- Curtis Ellis, American Jobs Alliance
Hour Three: immigration issues...- Mario Lopez, Hispanic Leadership Fund
Why shouldn't the Government be the employer of last resort?- David Webb, Host-The David Webb Show on Sirius/XM Patriot ch.: 125 Mon-Fri 9pm-12am
In for Thom for the last half hour- Richard Fowler, host of the Richard Fowler Show on WE ACT Radio
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program...your media support group for "we the people"...
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Monday on The Thom Hartmann Program, 3-6pm ET
We'll have all the latest news and information from the weekend...
Plus, the latest on the battle of the budget as it heats up in Congress this week...
And the best of the rest of the news along with your calls right here on...
The Thom Hartmann Program
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Thom's Poll
Will Rand Paul be the GOP nomination in 2016?
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Watch & Listen to Thom
The Republicans have finally found voter fraud & in Ohio no less!
GOP salivates over possible cuts to safety net
Your Take/My Take LIVE - Caller wants new Continental Congress
Geeky Science - BREAKING: God particle is real!
Crazy Alert - XXX Panda....Porn
Rep. Mark Pocan - The plan to save the middle class & trim the deficit
Or watch the Full "Big Picture" Show...
Full Show 3/14/13: Voter Fraud Found in Ohio?
Thom talks with Attorney and Radio Host Mike Papantonio about the first day of CPAC and whether Obama will become the first Democrat to cut social safety programs, and with Representative Mark Pocan on the proposed congressional budgets. Thom takes viewer phone calls in "Your Take, My Take Live," and in tonight's "Daily Take" Thom discusses an actual voter fraud case found in Ohio.
Thom Hartmann on the News: March 14, 2013
What is an Absolute Right?
The TEA Party Vs. The Republican Party
We Let Obama Steal Our Message!
Conservatives...the new Taliban
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 Would you like to help give a child with a very troubled background this feeling of peace? Thom and Louise Hartmann founded the New England Salem Children's Village (NESCV) in New Hampshire in 1979. With states delaying payment for the children they entrust to the village, they need help with cash flow. Can you help? Now on Facebook. |
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Show Info
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