The Casino Economy Harms Needed Public Services
policyshop.net — The price paid by American families for the reckless greed of Wall Street has been well documented and includes severe losses of household wealth – more than half for African American families and two-thirds for Latino families – due to the decline in housing values and employment. The Great Recession has had a tremendous negative impact on the public sector also. While the response to Hurricane Sandy demonstrated the important role that public sector workers play in American society, what hasn’t been talked about is the decimation of the public sector by the preventable tragedy of the financial crisis. Among the casualties of the financial crisis are the workers who haul your garbage, drive your kids to school, provide emergency services, deliver health care, operate libraries, protect your family’s water supply, and more.