A new study by the Center for American Progress, a left-leaning think tank, estimates that today's austerity measures are going to leave the U.S. economy with 2 million fewer jobs and $433 billion less in economic growth by 2019.
As you can see in the chart, less than 58 percent of the U.S. working-age population is either working or looking for work
The IMF predicts the economy will grow at a "tepid" 2 percent in 2012 and only a little more in 2013. This is not good news
If government is cut back and doesn't do something that is needed, then how does it get done? Or does it just not get done?
The report, entitled "Post-crisis policy challenges in the world economy," savaged U.S. and European economic policies and
While Republicans and the corporate media bemoan the growing federal debt as our most pressing crisis, very few commentators have mentioned the necessity of addressing America's most crucial deficit -- jobs.
There is precedent for premature economic optimism in the United States, as well. In 1937, the middle of the Great Depression