This article from Slate does a very decent job at explaining how bad the economic situation is and will most likely remain so for the foreseeable future. Then near the end, the classic Keynesian slip, “That is not to say that there is nothing to be done, of course, or that the current state of affairs is inevitable. More stimulus or more aggressive monetary policy could help the economy, boosting employment and keeping the self-sustaining recovery going. But such measures are unlikely, given Congress’ concern with the debt ceiling and cutting spending [Emphasis mine].” Print more money? Great idea–bring on hyper-inflation!
This is a big subject. And it’s one that sadly keeps coming up in our political climate! Let’s just RAISE THE MINIMUM WAGE! The poor Poor are suffering. We are selfish for not wanting to help them. “Big Business” is greedy and keeping the little man down. But this is all political hype and distraction […]
“While the law outlined a framework for the CLASS Act,” Health and Human Services Secretary Kathleen Sebelius told members of Congress in February, “we determined pretty quickly that it would not meet the requirement that the act be self-sustaining and not rely on taxpayer assistance.” Whoops! Looks like the Obama regime will be forcing everyone […]