Deficit Hysteria Threatens To Make Economy Worse
by Al Hart
There are 15 million unemployed people in our country and another 9 million underemployed. In July, we lost another 131,000 jobs. That included 71,000 private-sector layoffs, but also 48,000 jobs eliminated by state and local governments. July’s dismal numbers follow those of June, when 221,000 people lost their jobs.