Unemployment is a human crisis. Yet the Obama administration, Congress and the Fed mostly act like it's not their problem.
The new poverty numbers came out today, and they aren't pretty. The Census Bureau reports that more than 15 percent of Americans are living in poverty--a number that's gone up for three consecutive years and is the highest it's been since 1959.
It's official: Congress passed a debt-ceiling deal, and the president signed it. While this is certainly preferable to the country defaulting on its obligations, it's not an inspiring piece of legislation.
"In these tough times, Americans are tightening their belts—and their government needs to do the same." This bipartisan applause line is pithy, full of populist empathy and easy to understand. It's also exactly wrong.