Aug 18 2009
34 Million Americans Receiving Food Assistance – 6 Million Increase in One Year: Five Charts Showing the Status of U.S. Employment: Manufacturing Pounded, Participation Rate at Multi-Decade Lows, Part-time Employment at Record Levels, and Less Layoffs with few Hires.
There is something troubling when the theme of recovery is never tied to U.S employment. The American worker is suffering. This has not changed. The solace being offered is that less people are being fired. I suppose the 26 million American workers who are unemployed or underemployed might find some comfort in the jobless recovery [...]
Aug 16 2009
Why Budget Deficits Matter: Government at a $1.26 Trillion Budget Deficit for the 2009 Fiscal Year. Three Times as Large as Last Year and we still have Two More Months of Data.
The notion that deficits do not matter is a widely held and deeply ingrained economic philosophy. This line of thought took a stronghold in the 1980s and has seemed to stick to our ever-growing dismay. Yet budget deficits do matter if we are looking at an economic horizon that is longer than one fiscal year. [...]
