At some point you have to assume most of these people are moving into the black market to survive.
Maybe these people are buying one of the 29000 new homes bought in the Bernanke free money market. The new homes data is a joke. And no the money is not leaking into the system as Robert has so proudly proclaimed.http://www.census.gov/construction/nrs/pdf/newressales.pdf
The interesting thing here is that Greece maintained "full employment" through the recession into 2010. This extreme maintenance of the bubble in that country, undoubtedly supported as long as possible by ridiculous government deficits, only naturally results in the biggest crash. And, of course, the effort to stop this natural process has meant the crash has dragged on for two years, and may continue for two more.Another nail in the coffin of Keynesian stimulus. It's like trying to glide as you jump off a cliff: just delays the inevitable.
The rich were already paying the soon to be RE-INSTATED pre-Bush tax rates about 16 years ago and the economy flourished and the deficit of then was lowered and the rich did fine. Only 2.5 small businesses make more then $250,000. 97.5% of small businesses make less then $250,000. If $3500 is taken away in taxes from the 88% or 98% who are non-wealthy, then many more restaurants, shops, entertainment places will close and those working there lose their jobs. Money disparity between the wealthy and the poor cause fertile breeding grounds for communism.