Proponents of austerity are out of
ideas. We have the alternative
Growing the economy from the
middle out, rather than from the top down, is the only way to build broad,
long-term prosperity
John Podesta and Neera Tanden
theguardian.com, Thursday 24
October 2013 10.48 EDT
The needless shutdown of the US government
this month – and the accompanying brinksmanship on the issue of raising the
debt ceiling – were only the most recent in a string of crises that have
characterized the political and economic climate in much of the industrialized
world since the Great Recession officially ended in June 2009. With
persistently high unemployment, plodding economic growth, and frequent
political turmoil, it's little wonder public confidence in our institutions has
eroded so dramatically in many developed nations.
It doesn't have to be this way. We
can have strong economic growth without shredding the social safety net. We can
find a path to shared, sustainable prosperity by investing in the true engine
of economic growth: the middle class. These are the policies real people
believe in, whether they live in Boston, Bonn, or Bologna.
These are the solutions progressives around the world fight for every day, and
they led to the founding of the Center
for American Progress 10 years ago.
John Podesta
John
D. Podesta is the chair & counselor for the Center for American Progress, and a columnist
for this article.
Note: Neera Tanden is the
president of the Center for American Progress, and a columnist for this article.
George
Soros is the founder & chairman for the Open Society Foundations, the chairman for the Foundation to Promote Open Society, and was a supporter for the Center for
American Progress.
Lawrence H. Summers is a distinguished
fellow at the Center
for American Progress, was the National
Economic Council chairman for the Barack
Obama administration, and a 2008 Bilderberg conference participant
(think tank).
Melody
C. Barnes was the EVP for the Center for American Progress, the domestic policy council, director for the Barack Obama administration, and is Barack Obama’s golf partner.
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