Sunday, June 13, 2010

Is Long-Term Unemployment America’s Future?

Nice piece by Terrence Heath, cross-posted from AlterNet, on the folly of "jobless recovery."



"Like tea party activists and some of their fellow conservatives, Congress’ reckless inattention to the deficit makes me concerned for my children’s future and the kind of economy they will inherit if indifference continues. It’s not because Congress is spending too much. It’s because Congress is investing far too little where it’s needed most, to do what the private sector can’t right now — create jobs. The alternative is long-term unemployment, for a long, long time — and all its attendant consequences.

When I look at the current reality of long-term unemployment and the appalling failure of our elected officials to do anything about it — despite having ready options that might begin to offer some relief — I fear I’m looking at my children’s’ future, and that of millions of our children. As parent who’s already doing all I can, I’m asking: Why doesn’t somebody do something?"


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