Deficit Obsession Squelching Job Creation Talk

By Peter S. Goodman Somewhere between the terrifying economic breakdown of recent years and the current acceptance of a New Normal featuring painfully high unemployment, the crucial conversation we were supposed to be having about the future…

By Peter S. Goodman

Somewhere between the terrifying economic breakdown of recent years and the current acceptance of a New Normal featuring painfully high unemployment, the crucial conversation we were supposed to be having about the future got drowned out by a small-minded obsession with closing the federal budget gap.

The crucial conversation centers on what we are going to do for our sustenance now that our old economic model has broken down; how we can best exploit our still-formidable powers of innovation to generate enough jobs to transition from living on second mortgages to subsisting on paychecks.

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