The Economy Explained: Either Way, You're Screwed

Confused about the future of our economy? It's all very simple, really:


So you, the average American, are faced with two choices: 1) Put off raising taxes as long as possible, take your minimum wage increase, then be laid off and out of work for years as the government and corporate debt crises converge in a single nightmare. Or, 2) Take your medicine, pay your higher taxes, take your lower wages, and then be laid off as the corporate debt crisis converges with a paltry and too-late government response that did nothing but take a few extra dollars out of your pocket. Either way, the executives will be just fine.

[Photo: Steve Punter/ Flickr]