Let’s Be Honest: We’re in a Depression, Not a Recession, And There’s No End In Sight

The New Republic ^ | 08/23/2011 | Judge Richard Posner

[Gaffer]

The unemployment number should be calculated from those that: have applied for UIC, have fallen off UIC because of limits, are on food stamps, section 8, EBT, AFDC, WICs, SCHIP, EITC, AEITC, etc.... These people do not work historically, are unemployed, or underemployed. Regardless of the definition, they are drain on society’s resources with no value added. We’d see that this new calculation comes to over 50% of us.

[Riodacat]

It's their job to stay the hell out of our way so we can solve our own problems.

That's a nice bumper sticker for the dumbed down masses, but we need someone like a Reagan as POTUS to make that happen - and I repeat: none of our lightweights are up to the task.

[Fixit]

[tnlibertarian]

The federal gov't spends money either by borrowing or from tax revenues.

Add a third way: inflation. Which decreasing consumer spending ability the same as increased taxes.

[Paladin2]

Zer0 needs to be sent to a re-education camp.