New York City Mayor Bill de Blasio addresses income inequality at Santa Clara University
Source: San Jose Mercury News
SANTA CLARA -- Touting his stop at Santa Clara University as "a call to arms," New York City Mayor Bill de Blasio told an auditorium overflowing with students and faculty that the failure to address widening income inequality could lead the nation into a second Great Depression.
De Blasio is on a speaking tour across the country to address the growing income gap. While he said he did believe there were solutions to income inequality, he told the audience of 300 students, faculty and others -- among them his wife Chirlane McCray and daughter Chiara de Blasio -- that they had inherited a nation that "took the formula for success and threw it away."
"You think about the history of this country you think about the greatest economic crisis and the years leading right up to it," de Blasio said of the Great Depression. "The lust for wealth was out of control. There were no set boundaries or ground rules to stop us from veering into dangerous path going over the cliff."
"This year we once again have the level of income inequality we had in 1929. Now, this year, we have for the first time ... the average American has literally been going backward."
Read more: http://www.mercurynews.com/nation-world/ci_28119996/new-york-city-mayor-bill-de-blasio-addresses
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