Wednesday, December 28, 2011

Wonkbook: In 2011, Congress worried about deficits and mostly ignored jobs


Wonkbook: In 2011, Congress worried about deficits and mostly ignored jobs

Lori Montgomery has a terrific piece on how little deficit reduction actually got done this year. But perhaps that shouldn't be surprising. The pressure for deficit reduction comes from interest rates. Interest rates, as noted in yesterday's Wonkbook, haven't been this low since 1995. So though there's a lot of talk about the deficit, there's not actually a lot of economic pressure to do anything about it. But the same can't be said for another neglected category of policymaking: jobs.

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Original content Bob DeMarco, All American Investor