Monday, May 24, 2010

Long Term Unemployment

We all know unemployment across the country is at high levels. The segment of those unemployed for more than half a year is huge and trending higher still. This article from NY Post depicts some of the human faces behind this problem . I like her phrase "extend and pretend" which aptly describes the actions of the Congress as they continue to extend unemployment benefits while exacerbating the very problem with their intervention.
There are perhaps no quick fix solutions here and this is an issue that will likely be with us for years.