Sunday, February 3, 2013
The real crisis
As the jobs report on Friday indicated things are not getting worse but they are not getting better. The acute stage of bleeding in the economy has long been stopped, the slow drip of employment that is still hard to get, hard to keep, frequently temporary and still pays poorly is ongoing. What will it take to make the people in (theory anyway) charge to decide that employment (growth) is the issue? There are noises from D.C. that maybe the deficit is not the thing to be focused on, and the push to change i.e. cut, Social Security has appeared to pass for now. But there remains a real job crisis most significantly in local government—city, state—employment. Where is the political will to take the impending defense cuts (i.e. sequester) and put them towards local stimulus?