“We’re burdening the children” and “we’re burdening the grandchildren” have been used repeatedly by so-called “deficit hawks” for decades. Les Rubin is the latest, but surely not the last, deficit hawk to use children as props. But we’re getting ahead of ourselves.
In February of 2020, the U.S. unemployment rate was 3.5%. Two months later, and ten million lost jobs later after the U.S. political class chose to fight a virus with economic contraction, the rate of joblessness was 14.7%.
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