• As I and others have been arguing at length, penny-pinching in the midst of a severely depressed economy is no way to deal with our long-run budget problems. And penny-pinching at the expense of the unemployed is cruel as well as misguided.
• New York Times columnist (and “Get Him To the Greek” co-star) Paul Krugman • Discussing the bizarre situation which led to the lack of unemployment extensions. He’s pushes hard on the issue, saying that the solution is worse than the problem. “Cutting off benefits to the unemployed,” he writes, “will make them even more desperate for work — but they can’t take jobs that aren’t there.” source

Posted by Ernie Smith • Permalink