Saturday, January 09, 2010

Going to get dicey soon

Ted Rall's good article on Tax on unemployment benefits has a good section on the stress that people feel now on all of their resources, even if they started out with money saved up. It seems to me that while we're losing jobs at a lower rate than before (only 85,000 in December!) we're getting to a point where a lot of folks will be hitting a serious wall with regards to making ends meet, where traditional government measures won't stave off serious economic dislocation anymore. When that happens I'm not sure what will come next. I hope that it will be an intensification of benefits so that folks aren't thrown out on the street but there's no guarantee that that will be the case. This could be a potentially even more serious social crisis.

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