Fed: Household Wealth Plummets 23% in Two Years

This survey begs the question as to why spending cuts are being forced on an economy that is already strapped for disposable income and high unemployment. We needs jobs programs, not tax cuts for the wealthy and corporations. The current policies may well make this recession worse, as is happening in Britain.
http://www.dailykos.com/story/2011/03/26/960050/-Fed:-Household-wealth-plummets-23-in-two-years?utm_