Abstract
The economic consequences of the worst government in U.S. history are starting to emerge. The number of people living in poverty has increased three years in a row; the share of total income that goes to the bottom two-fifths of households has fallen to one of its lowest levels since the end of the Second World War; wages for most workers are stagnant or falling; the number of people lacking health insurance is at a record forty-five million; the budget deficit has climbed to $427 billion (this during an economic recovery); and the world's largest economy, not to mention preeminent military power, is also the world's largest debtor.
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