Yesterday, another bill passed in the Senate – this time to extend unemployment benefits once again, by up to an additional 47 weeks, depending on the percentage of jobless rates in a given state. The fewer working, the longer the benefits will be extended. Even from a strictly secular economical standpoint, the bill makes little sense and is shockingly near-sighted. You know the argument from fiscal conservatives, it remains the same, and it remains the same because math is always a constant.
1) The bill that passed will cost $6.4 billion, or $256 a week for an estimated 1.3 million jobless claims.… Continue reading