It’s the simplest solution, as it’s clear the private sector is not hiring because there is insufficient demand.
Guarantee the states’ deficits for the next 3 years and start a real jobs program that would hire people immediately (no grant programs or no bid proposals, thank you very much, let’s fix some infrastructure and paint roofs white!), while also extending unemployment benefits for another 2-3 years: it’s easy, it will add very little to future deficit financing costs, and it will save the livelihoods and futures of millions.
Gorilla says: “The time for austerity will not come until the economy is growing, and that’s years away at the moment!”
Tags: unemployment, US Economy