According to the Congressional Budget Office, the country is foregoing close to $1 trillion a year in output because the budgets produced by Congress do not provide enough demand to bring the economy to full employment. These losses are disproportionately incurred by minorities, the young, and the poor, since these are the groups most likely to be unemployed or working fewer hours at lower pay because of Congress's failure.
However the failure of Congress to produce a budget that would spur g...
Published on December 09, 2013 05:01