The unemployment rate stands at 9.7%, just below a 27 year high. Obama signed a bill to extend unemployment benefits, which incresed goverment spending without more income, leading to more debt. Obama needs to stop the excessive spending, and figure out a way to lower the debt without increasing taxes. We are in a recession and at risk of going into stagflation.
http://www.marketwatch.com/story/jobless-workers-to-get-extended-benefits-2010-04-16
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