Quote of the week - Paul Krugman

" . . . the fearmongers are unmoved: fighting deficits, they insist, must take priority over everything - everything, that is, except tax cuts for the rich, which must be extended, no matter how much red ink they create.

The point is that a large part of Congress, large enough to block any action on jobs, cares a lot about taxes on the richest 1 percent of the population, but very little about the plight of Americans who can't find work."

Paul Krugman, Nobel Prize winning economist
From 'US governing elite doesn't care about unemployment' Observer, 15th August 2010