Paul Krugman, with video (03:18):
I live in a very sheltered world, yet I know young people just out of college who can’t find employment; men in their late 50s who have lost their jobs and think they will never find another; and families barely scraping by, terrified by what might happen if anyone were to get sick. These days, there are terrible stories everywhere you look.
Yet some Americans who have secure jobs and rather high incomes are feeling very sorry for themselves because it’s possible that they might have to pay somewhat higher taxes next year if the temporary reductions made during President George W. Bush’s tenure in office are allowed to expire for the wealthy. MORE...
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