And colleagues, America is not broke; so Republicans should stop saying it. Conservative pundits should stop spreading it, because this country isn't broke. Now, our government temporarily is and millions of American families are, but our Nation is not. And my hypothesis is this: If we don't wake up to this fact soon, if we don't start investing our Nation's riches in spreading wealth out across this economy, then our whole economy is sunk whether you are rich or you are poor. So, let's try to debunk this myth once and for all that America is broke, that we can't afford these investments. And let's start here. It's pretty simple. The United States is still a global leader. We are still the richest country in the world on a per capita basis. For all the talk about the rise of India, China, and Brazil, if you take their population's adjusted wealth and combine it together, they are still 50 percent of U.S. wealth. So if our country is still wealthy, we need to understand that we've made a choice to keep our government poor. Now, why is that? Contrary to popular belief, it's not because discretionary spending has run amok. Take a look at this chart. Discretionary spending has essentially remained stable over time. We've had a brief uptick with a couple of extraordinary pieces of legislation, but discretionary spending has remained stable. Don't believe this chart? Take a look at this.…
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