Blog on the Run: Reloaded

Thursday, June 3, 2010 9:59 pm

When the time comes to worry about deficit reduction, I WILL LET YOU KNOW.

Filed under: Sad — Lex @ 9:59 pm
Tags: ,

Meanwhile, we have more pressing crises to attend to, say those whiny liberals at The Wall Street Journal:

Nearly half of the unemployed—45.9%—have been out of work longer than six months, more than at any time since the Labor Department began keeping track in 1948.

Even in the worst months of the early 1980s, when the jobless rate topped 10% for months on end, only about one in four of the unemployed was out of work for more than six months.

Overall, seven million Americans have been looking for work for 27 weeks or more, and most of them — 4.7 million — have been out of work for a year or more.

This is not just a question of economics, although it is that. It also is a question of right and wrong. I’ve got to think Jesus would be more worried about the people who are losing their homes, and even having trouble feeding their families, than he would be that Treasury might have to pay 3.5% instead of 3.3% on its 10-year bonds at next week’s auction.

1 Comment

  1. I read somewhere recently that Maiden Lane assets are still being churned and a loophole puts profits in Jamie Dimon’s pockets. So long as the banksters continue to pull stunts like that, I don’t wanna hear any crap from the GOP about deficits, especially caused by unemployment benefits.

    Comment by Fec — Saturday, June 5, 2010 12:21 am @ 12:21 am


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