Saturday, November 9, 2013

Krugman: America's Economy 'Mutilated'

America is doing this to itself, says Krugman in his column, "The Mutilated Economy": our government is refusing to spend the money it would take to reduce unemployment, increase demand and, in general, prime the pump... refusing in the name of responsibility to our future, while doing things which compromise that very future.
Long-term unemployment — the number of people who have been out of work for six months or more — is four times what it was before the recession.
Read it and weep. This does not have to be happening. And we all know whose fault it is.

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