USuncutMN says: Tax the corporations! Tax the rich! Stop the cuts, fight for social justice for all. Standing in solidarity with http://www.usuncut.org/ and other Uncutters worldwide. FIGHT for a Foreclosure Moratorium! Foreclosure = homelessness. Resist the American Legislative Exchange Council, Grover Norquist and Citizen's United. #Austerity for the wheeler dealers, NOT the people.



We Are The 99% event

USuncutMN supports #occupyWallStreet, #occupyDC, the XL Pipeline resistance Yes, We, the People, are going to put democracy in all its forms up front and center. Open mic, diversity, nonviolent tactics .. Social media, economic democracy, repeal Citizen's United, single-payer healthcare, State Bank, Operation Feed the Homeless, anti-racism, homophobia, sexISM, war budgetting, lack of transparency, et al. Once we identify who we are and what we've lost, We can move forward.



Saturday, August 6, 2011

The Real Deficit Problem: One More Essential Chart - James Fallows - Politics - The Atlantic

The Real Deficit Problem: One More Essential Chart - James Fallows - Politics - The Atlantic

From Calculated Risk, this morning.

EmployRessJuly2011.jpg

We have spent six months in an invented political crisis about the nightmare "emergency" of the federal deficit.

The federal deficit is a serious challenge in the long run. The real emergency is how many people are still out of work. That's the deficit that matters. Almost nothing can do more harm to a nation's cultural, social, political, and of course economic fabric than sustained high joblessness. And of nothing can do more, faster, to reduce a federal deficit than a restoration of economic growth. That political and media attention got hijacked to a fake debt-ceiling "emergency" is 1937 all over again -- but worse, because in principle we had the real 1937 to learn from.

[ Be sure to see Don Peck's cover story on exactly this topic in our upcoming September issue (subscribe!). Also, on some unexpected political fallout from the (unnecessary) debt fight, see 'Between the Lines.' ]

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