In terms of employment, take a look at the 'labor conundrum' (to little of the wage cost goes to the employee) and the fact that we have geared the economy more everyday to the support of 'consumption' vs. 'investment'.
If one agrees that we need a better educated workforce, then allowing teachers unions to degrade the quality of education, while increasing substantially the cost, is but another dislocation!
Anyone with a bit of common sense knows government (esp. state and local) has been unionized and is out of control.
Bottom line is the US needs to focus on investment; but how does this happen when everyone's entitled to a free social lunch?
The consumption side of the economy is like a balloon, it's either going to burst (like housing, where prices were also illogical and unsustainable) or the excess is going to be let out more slowly.
Based on Obamacare, etc. - the let out slowly idea is off the table.
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