Hastert Acknowledges Increasing Gap Between Rich And Poor

April 13, 2011 4:46 PM

Former U.S. House Speaker Dennis Hastert (2006 File Photo; Credit: CBS)

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CHICAGO (WBBM)– Former President George W. Bush is visiting Elgin this evening to give an economic address and answer questions.

WBBM Political Editor Craig Dellimore spoke with another of the high-profile invited guests.

Former President Bush was invited to kick off Judson University’s World Leaders’ Forum with a talk about free enterprise, and the idea that it’s the dream of all free people. Former U.S. House Speaker Dennis Hastert was invited too, and he agrees with the premise, even if some people can’t achieve that dream. He said the gap between the rich and poor is growing.

LISTEN: Newsradio 780′s Craig Dellimore Reports

Hastert says small business people put their profits back into their companies, and create more jobs. And that helps ease unemployment. But, he also admits, some companies give executives higher salaries and export their jobs overseas.

Hastert Acknowledges Increasing Gap Between Rich And Poor

Peter Wong

That is better than wealth redistribution. Everyone has a chance to makeit big. If I wanted to live with wealth redistribution & government dictating everything, I would have lived in China, Communism doesn’t work. You cannot TAX & redistribute wealth to everyone, that doesn’t work. Look at Argentina’s history.

R.

The wealth distribution thing , is a myth ,used by people whose agenda is for the poor to fight our wars but not share our prosperity. The middle class and the poor don’t get tax breaks like the wealthy. It was never said ” redistribute to everyone.”
This why education means more than learning how to make a profit. This is why subjects like Sociology and Humanities need to be reintroduced into the class room.
Unfortunately , this nation has forgotten what the ” Dust Bowl ,the Great Depression and World War II generations taught us. There is MUCH MORE to civilization than profits. Good luck on further enlightenment ! Argentina is a very poor choice for comparisons. Sorry !

Life is Good

In the past there wasn’t any currency/money. We were hunters and gatherers. You would trade things. If you didn’t go out to find some food, you didn’t eat. About 150 years years the average man lived to be around 50 years old. We have an obesity problem in this country. We are not dying of starvation in large numbers. We are concerned about human rights. We have electricity, heat, and antibiotics. We are living longer than ever. Life is good.