Tuesday, February 26, 2013

The Deficit is not our biggest problem

Robert Reich points out the reasons that you shouldn't believe that the deficit is our biggest problem. It really isn't. What would happen to it if we were back down to a 6% unemployment rate as measured by U3 or better still, 10 or 11% as measured by U6? But that's not what the Republicans are talking about. If you want to know how well austerity works out ask the British.