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.
William GreiderThe present struggle seems less about abolishing big government than about who gets to use it.
William GreiderThe trauma of 9/11 stimulated infinite possibilities for worry - some quite plausible, but most inspired by remote what-if fantasies. A society bingeing on fear makes itself vulnerable to far more profound forms of destruction than terror attacks. The "terrorism war", like a nostalgic echo of the cold war, is using these popular fears to advance a different agenda - the re-engineering of American life through permanent mobilization.
William Greider