With 1% of Americans controlling 40% of the country's wealth, we examine the gap between the rich and the rest.
The richest one per cent of Americans earn nearly a quarter of the country's income and control an astonishing 40 per cent of its wealth.
Inequality in the US is more extreme than it has been in almost a century - and the gap between the super-rich and the poor and middle class people has widened drastically over the last 30 years.
Meanwhile, in Washington, a bitter partisan debate over how to cut deficit spending and reduce the US' $14.3 trillion debt is underway. As low and middle class wages stagnate and unemployment remains above nine per cent, Republicans and Democrats are tussling over whether to slash funding for the medical and retirement programmes that are the backbone of the US' social safety net, and whether to raise taxes - or to cut them further.
The budget debate and the economy are the battleground on which the 2012 presidential election race will be fought. And the US has never seemed so divided - both politically and economically.
Wecome to the PROGRESSIVE ALLIANCE. We are a multi-racial, multi-issue "rainbow coalition" dedicated to the struggle for social justice and peace. Our key priorities include economic justice for working families; equal rights and equal opportunities for all of God's children regardless of race, gender, or sexual orientation; international solidarity; humanitarian service; eradicating poverty at home and abroad; environmental protection and sustainable development; and electing progressives to public office and then holding them accountable.
Founded in 2005, we have rapidly grown to more than 5,000 members and have emerged as one of the largest and most active grassroots organizations on the West Coast. We are proud to serve as the local affiliate of United for Peace & Justice (UFPJ), the largest peace and justice coalition in the United States with over 1,400 member groups across the nation. Climb aboard the Progressive Alliance today... the freedom & justice train is leaving the station and we'd love to have you on board with us!