South By North Strategies, Ltd.

James Galbraith argues for job creation over deficit cuts:

The question facing world leaders today is not what to do. It is whether to do it. There are two goals to meet: full employment and sustainable energy. That’s technically complex. But the complexities are complexities of engineering, organisation and politics. They are not complexities of economics or finance.
…
The question is posed as though it involved deep questions and high obstacles, whose true nature the uninitiated cannot be expected to grasp. Thus the hue and cry over public debt and deficits – projected to be unsustainable – for reasons never stated – in the long run. Our papers and our television speak of almost nothing else. But if they are right – as all the voices of Wall Street and the City say – then how come the long-term interest rate on the government bonds of the rich countries remains so low? In the US, the federal government can borrow for 20 years at less than 4.4%. And it can borrow short-term for practically nothing.