George Will thinks we need to stop extending unemployment benefits because it just subsidizes unemployment: clearly, those who have been unemployed for 99 weeks are choosing to live off their unemployment checks instead of filling all those empty jobs that are available. Alan Greenspan is warning us that the bond markets are going to put a halt to U.S. borrowing, and the fact that treasury yields have gone down lately is a sign that the problem is even more real than we think. No wonder Paul Krugman thinks that we could be on the precipice of a third Depression.
- Current Mood: Cybered
- Currently Listening To: "Crosseyed and Painless", Talking Heads