Rugged individualism is great until you're on the receiving end. Sometimes free-market theory needs to be tempered with humanity.
Just make sure not to ask for any help if you wind up unemployed.
“Rugged individualism is great until you’re on the receiving end.”
I hear you. Will it get rough? Darn straight. People will need to rent out their homes and move in with family. They are going to have to make some hard choices. And while 18 year olds are complaining about no work, the US is recruiting foreigners to serve in the military. I guess those kids think they’re too good for that.
Unemployment is being covered by more debt. China just bought 17% of GM with our debt repayments. Greece ended up selling some of its islands to cover socialist programs. The European Union is in collapse. People are rioting in France, England, and Greece. Heck I bet they’re rioting in other countries. Who is going to keep loaning the US money?
The economy gets moving again when people start working again. That will increase revenue for the government too. The answer is not more unemployment. That’s the worst choice.