In 2011, as in 2010, America was in a technical recovery but continued to suffer from disastrously high unemployment. And through most of 2011, as in 2010, almost all the conversation in Washington was about something else: the allegedly urgent issue of reducing the budget deficit.
This misplaced focus said a lot about our political culture, in particular about how disconnected Congress is from the suffering of ordinary Americans. But it also revealed something else: when people in D.C. talk about deficits and debt, by and large they have no idea what they’re talking about — and the people who talk the most understand the least. Read more at Link below
http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html?_r=1
Subscribe to:
Posts (Atom)
-
Tit for Tat ? ROCHESTER, N.Y. (AP) — A statue of abolitionist Frederick Douglass was ripped from its base in Rochester on the an...
-
NEW YORK (AP) — As New York City faced one of its darkest days with the death toll from the coronavirus surging past 4,000 — more th...