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« Kotlikoff: "The government is lying about the national debt; It is engaging in Enron accounting" | Main | Chronicles Of A Post-Apocalyptic Economy -- Torching Houses In East St. Louis Makes Stealing The Bricks A Breeze »
Wednesday
Sep222010

CHART SHOCK: Duration Of U.S. Unemployment

Chart Unemployment, Jobs Chart, Unemployment Chart---Chart Unemployment, Jobs Chart, Unemployment Chart

More charts below.

From Ambrose Evans-Pritchard:

America and Europe face the worst jobs crisis since the 1930s and risk "an explosion of social unrest" unless they tread carefully, the International Monetary Fund has warned.

"The labour market is in dire straits. The Great Recession has left behind a waste land of unemployment," said Dominique Strauss-Kahn, the IMF's chief, at an Oslo jobs summit with the International Labour Federation (ILO).

He said a double-dip recession remains unlikely but stressed that the world has not yet escaped a deeper social crisis. He called it a grave error to think the West was safe again after teetering so close to the abyss last year. "We are not safe," he said.

 

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Reader Comments (1)

For a breakdown of the document, check out "Pledge to America: The New Republican Agenda," by CBS News Senior Political Producer Jill Jackson. Below are some highlights, and the full document is at the bottom.

Jobs:

- Stop job-killing tax hikes

- Allow small businesses to take a tax deduction equal to 20 percent of their income

- Require congressional approval for any new federal regulation that would add to the deficit

- Repeal small business mandates in the new health care law.


Cutting Spending:

- Repeal and Replace health care

- Roll back non-discretionary spending to 2008 levels before TARP and stimulus (will save $100 billion in first year alone)

- Establish strict budget caps to limit federal spending going forward

- Cancel all future TARP payments and reform Fannie Mae and Freddie Mac


Reforming Congress:

- Will require that every bill have a citation of constitutional authority

- Give members at least 3 days to read bills before a vote


Defense:


- Provide resources to troops

- Fund missile defense

- Enforce sanctions in Iran
Sep 22, 2010 at 7:11 PM | Unregistered CommenterZ
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