A new government report reveals the fundamental flaw in the American economy

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A new government report reveals the fundamental flaw in the American economy

A little-noticed report by the non-partisan Congressional Budget Office (CBO) released this month reveals why, for most Americans, the economy is broken. The report focuses on the American economy from 2019 to 2021. That period included a massive economic disruption due to the pandemic and a recovery as the economy reopened. The report reveals that the economic impact of the pandemic was concentrated among the bottom 20% of earners. That group s…