Harvard Law Scholar Elizabeth Warren gave a lecture on what has gone wrong with the American Economic Dream. It's up on youtube here. Watch it. The sad but entirely predictable thing is that I heard all these statements 20 years ago in publications on the "radical liberal fringe". I did what I could to protect my family then, staying away from credit cards and debt. I figured, rightly it turned out, by the time the mainstream media picked up on the story it would be too late. Still, it's nice to see the government's figures backing everything up.
Keep in mind that what Elizabeth Warren talks about isn't news. It's history. She isn't talking about what is happening right now, but what has already happened while America has slept.