Spending on largely ineffective programs - although well intentioned - is a detriment to fostering real job growth.
Sentiment: NEGATIVE
Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth.
It takes about two and a half percent growth just to keep unemployment stable.
Certainly, 9 percent unemployment and very slow growth is not a good situation.
Moreover, statistics can be deceiving: the growth of jobs in the US in the 90s was due to many part-time jobs, with no benefits and generally low pay.
Stable growth ensures employment.
Economically, long-term joblessness means fewer dollars for consumption. For deficit control, it means fewer taxpayers contributing to government revenues and tens of billions more spent on unemployment insurance.
Chronic deficits drastically reduce government's ability to make those infrastructure investments that business needs to grow and create jobs.
Unemployment, foreclosures, bankruptcy - the cure is not more government spending, but helping businesses create jobs.
We need to make sure our government programs encourage work, not dependence.
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.