Unemployment

Washington has forgotten about America's unemployed

Posted on Friday, March 18, 2011

Washington has forgotten about America's unemployed, writes Paul Krugman: "Earlier this week, the White House budget director declared: 'There is an agreement that we should be reducing spending,' suggesting that his only quarrel with Republicans is over whether we should be cutting taxes, too. No wonder, then, that according to a new Pew Research Center poll, a majority of Americans see 'not much difference' between Mr. Obama’s approach to the deficit and that of Republicans. So who pays the price for this unfortunate bipartisanship? The increasingly hopeless unemployed, of course. And the worst hit will be young workers -- a point made in 2009 by Peter Orszag, then the White House budget director. As he noted, young Americans who graduated during the severe recession of the early 1980s suffered permanent damage to their earnings." ezra Klein wonkbook


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