As we digest the debt debacle, one important fact seems to be lost on most Americans — Congress has decided to overlook fixing unemployment in order to tackle spending. Unfortunately, that will only create more unemployment.
Why legislators allowed the conversation to change from job creation to debt busting is beyond me. Conspiracy theorists suggest it’s because the GOP has no interest in mending the economy, when a double-dip recession during primary season can energize Republican presidential campaigns. I’d like to believe that even the most stubborn legislators aren’t evil — just misinformed or incapable of viewing the big economic picture.
Whatever the motivations in Washington, the truth of the matter is that the biggest job destroyer in 2011 has been the government. This is not bluster or scare tactics, but an honest fact based on the respected analysis of outplacement firm Challenger, Gray & Christmas Inc. Read