Watts/News
Wheeze, cough, pant. That's the sound of the national economy as it struggles to get off the canvas, spitting red ink like blood.
Friday came another blow. The U.S. gained just 39,000 jobs last month. Unemployment rose to 9.8%. The times are desperate, and desperate measures are the order of the day.
America needs a fresh round of economic stimulation - and this time it must be both effective and economically prudent.
President Obama's deficit reduction commission and an unofficial panel have both advanced the idea of declaring a payroll tax holiday that would free individuals and businesses from the burden of paying into Social Security for a year.
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