In 1996, Bill Clinton declared the era of big government over in the State of the Union address.
Government pensions, built into law and mostly protected from stock market vagaries, are the envy of the private sector.
One of my most vivid memories from 1974 was the gas station at the foot of the hill below my Southern California high school - car lines snaking out into the street, heralding the failure of the government's price controls and lame ideas such as odd-even rationing.
Economically, long-term joblessness means fewer dollars for consumption. For deficit control, it means fewer taxpayers contributing to government revenues and tens of billions more spent on unemployment insurance.