Soooo About That Social Safety Net...
I'm not saying anything presented below is wrong but I'm more than happy to point out that it's a little late to fix this now.
The longest U.S. recession since World War Two is exposing gaping holes in the social safety net, putting hundreds of thousands of people at risk of falling through.Yeah well, America obviously doesn't understand the consequences of a countrywide bailout (and I mean the nation, not the shitty company).
Some 6.7 million jobs have been lost since the downturn began in December 2007, and the unemployed are at the mercy of a confusing and complicated patchwork of aid programs.
Many of the programs, such as unemployment benefits, are less generous than those available in Europe or Japan, reflecting deeply rooted American beliefs about who is deserving of help and what role government ought to play.
"Our safety net was always skimpy at best and it has frayed very substantially over the last 30 to 40 years, for reasons both ideological and financial," said Alex Keyssar, a Harvard University professor who studies unemployment and poverty.
Providing a solid safety net is certainly costly, although that argument looks a bit thin when the United States is committing trillions of dollars to ensure Wall Street has a soft landing. "Where's MY bailout?" has become a common complaint heard across the country.
Too little too late as usual.