At last year’s conference on Public Sector Unions, Saqib Bhatti presented on how debt has replaced income in the US economy. As debt skyrocketed, bank profits have soared, but the impacts on other parts of the economy – and particularly public workers – are negative and getting worse.

Sadiq Bhatti is the Executive Director of the ReFund America Project and a Fellow at the Roosevelt Institute. He works on campaigns to rebalance the relationship between Wall Street and local communities.