General News
An Important Occupy Wall Street Victory: Shifting the Conversation from "National Deficit" to "Personal Debt"
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Media outlets have steadily increased their Occupy Wall Street coverage in recent weeks – a victory in and of itself for the movement. However, most dramatic is the sudden narrative shift that has occurred at the national level as a result of this increased media coverage. No longer are our pundits and reporters obsessed with “the deficit” and “ceilings” and incomprehensible numbers with zeros that go on ad infinitum. Instead, they are talking about popular disaffection with big banks, about personal financial struggles, about personal debt. It’s a point Sarah Jaffe correctly noted, in passing, in a recent article on the possibility of debt strikes (a topic to which I will return):
One of the fascinating things about the media dominance of Occupy Wall Street has been how the conversation has shifted away from the deficit-obsession of the last few years.