(h/t Clonal in comments)
The world is now seeing the economic uncertainty of the U.S. but for many Americans, it has been apparent for quite some time. Economic despair has been spreading across our nation and it can be seen by the rising number of middle class Americans losing their homes. In some cases, joblessness and inability to pay rent has forced people to live in their cars, shelters, or on the sidewalk.
7 comments:
The 99ers: The Real Lives of the Long-Term Unemployed
Quote:
In Philadelphia, Steve Nathan and Rita Calicat have not been able to find work, and struggle to cope after reaching the limit of 99 weeks of unemployment benefits
Also
F**ked: The United States of Unemployment
Quote:
“F**ked: The United States of Unemployment” is Salon’s new video documentary series exploring the lives of the long-term unemployed and their struggle to survive and fight back. In “F**ked,” Academy Award-Nominated director Immy Humes follows a diverse group of New York City-area residents from food pantries to marches to tense
confrontations at Occupy Wall Street. Salon’s goal with this series is not only to show the human impact of our nation’s deteriorating social safety net, but to also share the inspiring story of those who are organizing to fight for better living conditions on behalf of all Americans who continue to suffer through “the Great Recession.”
The POlaylist for the above is here
http://www.youtube.com/playlist?list=PL9F4451287965F8AE
F**KED: The United States of Unemployment
the solution is NGDP futures
Anonymous, how would an NGDP futures market operate if run by the Fed as it seems the NDGP futures people propose without exceeding the legal boundaries of the Fed regard engaging in fiscal? The Fed cannot just choose to drop currency into the circulating money supply, i.e., credit accounts that are not part of the FRS. That's fiscal and only Treasury can do that.
Does anyone really think that Congress would change the law to permit the Fed to engage in fiscal when this is perhaps the most powerful of the enumerated powers that the Constitution gives the Congress?
Tom, I think it was a joke.
@ Edmund
Hard to tell humor from reality these days, with so-called experts seriously proposing things that are either ridiculous on the face, implausible, or illegal.
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