Economic Stimulus and Economically Distressed Workers

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Abstract:

Almost 21 percent of households in the U.S. are economically distressed, almost twice the official poverty rate. To reach full employment we need a stimulus package with sustained increases in government spending of $220 billion to generate a $330 billion increase in GDP required to create the new jobs. Economically distressed families also need structural economic reforms as well as the immediate benefits of the stimulus package.