Monday :: Nov 2, 2009

Open Thread

by Mary

Paul Krugman explains that more job growth now will help, not hurt, the younger generation in the future.

Deficit hawks like to complain that today’s young people will end up having to pay higher taxes to service the debt we’re running up right now. But anyone who really cared about the prospects of young Americans would be pushing for much more job creation, since the burden of high unemployment falls disproportionately on young workers — and those who enter the work force in years of high unemployment suffer permanent career damage, never catching up with those who graduated in better times.

Why can't the hawks understand that? Or are they so enamored of continuing tax cuts for the rich that they'd do anything to cut more spending today?

Mary :: 12:00 AM :: Comments (2) :: Digg It!