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
3 comments:
Horse twaddle is right! I've resigned that the daily dose of this horse twaddle is the way of the world. Obama sickens me ... all he does is twist and turn his rhetorical responses to the needs of this country. I am counting the days til he is GONE GONE GONE!!!
There has never been a time when unemployment insurance coverage was not extended when unemployment was above 7%. I am reminded of this conversation in the Christmas Carol by Charles Dickens:
"Are there no prisons?" asked Scrooge.
"Plenty of prisons," said the gentleman, laying down the pen again.
"And the Union workhouses," demanded Scrooge. "Are they still in operation? … The Treadmill and the Poor Law are in full vigor, then?" said Scrooge.
"Both very busy, sir."
"Oh. I was afraid, from what you said at first, that something had occurred to stop them in their useful course," said Scrooge. "I'm very glad to hear it."
Horse twaddle? I now need to clean my keyboard off.....Too many are not willing to work, or even willing to "look" for work when Big Government keeps sending them a check every week. It sounds cold but really it is not, two years is long enough to find something, and in this economy it probably will not be what folks want to do. But 53% voted for Mr. Hopey......Reap what he sold!
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