The Bowles-Simpson Traveling Circus
"The government has implemented a wide array of policies over the last three decades that have led to a massive upward redistribution of income. As a result, most workers have seen little benefit from the economic growth over this period.
"Not surprisingly, the wealthy people who have benefitted from the policies that have redistributed income upward, for example NAFTA-type trade deals, Wall Street bailouts, and anti-union labor policies, don’t want the public talking about them. This is why we have the Erksine Bowles and Alan Simpson speaking tour.
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"According to the New York Times, Bowles and Simpson get $40,000 a piece for speaking engagements where they push their agenda. This price tag tells us everything we need to know about what is going on here.
"While $40,000 might not be big money among the people with whom Mr. Bowles and Mr. Simpson socialize, it sure is to the rest of us. This is a couple of thousand dollars more than the typical worker earns in a year. It is a bit less than three times the average annual Social Security benefit. And Bowles and Simpson get this money for spending an hour or so giving their tirade about the desperate need for reducing the deficit...
(Read more: http://finance.yahoo.com/blogs/the-exchange/bowles-simpson-traveling-circus-just-distraction-003720801.html)
