Cut-off of jobless aid would lower economic growth
WASHINGTON – If Congress lets unemployment benefits expire this week for the long-term unemployed, they won't be the only ones to feel the pain. The overall economy would suffer, too.
These people need to take a course in Economics 101. If you take money from one person in the form of taxes and give it to another to spend, it does not "improve the economy." It is no more than a transfer of funds from the producer to the non-producer. It doesn't create more funds, but means the producer has less to spend while the non-producer is busy spending the producers money. How does that improve the economy? (That question is purely rhetorical) If we followed the "logic" of this article we should all quit our jobs and go on unemployment and sit back and watch the economy explode...Unemployment benefits help drive the economy because the jobless tend to spend every dollar they get, pumping cash into businesses. A cut-off of aid for millions of people unemployed for more than six months could squeeze a fragile economy, analysts say read it all but have a barf pan handy






















