US: Debt ceiling debate provides cover for historic attacks on New Deal programs
Job growth has collapsed in the last two months, with the official US. unemployment rate rising to 9.2%. Since 2008 we have entered a period of high structural unemployment with the economy stagnating and unable to effectively pull out of the recession. Yet the politicians in Washington are not talking about jobs. Instead, they are playing a dangerous game of chicken with the August 2 deadline to raise the federal debt ceiling