The Congressional Budget Office made waves yesterday by releasing an important report analyzing income growth over the past 30+ years. Their findings: The top 1 percent doubled their share of the nation's income, while lower and middle-income earners saw only minor increases. The report also points out that federal policies have become less "redistributive"--in other words, lawmakers have aided in the concentration of wealth at the top.
In local news, TriMet is facing a steep budget shortfall and is poised to raise fares and cut service--but the main headline is that the agency won't be cutting its public art budget, including funding for a giant Deer Baby statue. Those are the types of headlines that make it difficult to convince voters to raise revenue to protect core services.