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Several leading economic thinkers are warning that we may be on the verge of a "Double Dip Recession" (or worse).
Reich
So what are we doing about it? Less than nothing. The states are running an anti-stimulus program (raising taxes, cutting services, laying off teachers, firefighters, police and other employees) that's now bigger than the federal stimulus program. That federal stimulus is 75 percent gone anyway. And the House and Senate refuse to pass another one. (The Senate left Washington for the July 4th weekend without even extending unemployment benefits for millions of jobless Americans now running out.)
Krugman
We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost - to the world economy and, above all, to the millions of lives blighted by the absence of jobs - will nonetheless be immense.
Bonddad
"I realize there are people out there who are unconcerned with facts; they will continue to say Washington needs to "stop spending". These people are fools."
I hope the three I quote above are just being "eeyore's" but I for one am getting scared.
So my question is: "What new spending or stimulus programs will you sponsor, champion, work for if we elect you to the office you seek? Please note, 'Create Jobs' without an associated spending program is not an acceptable answer."
What questions do you want to ask the candidates for Federal Office? What do you wish you would hear from them on the stump? Post away in the comments (you know there is a good chance they will see it.)
What about our candidates for Governor and State Senate should they be answering the same questions?