Extending Unemployment Benefits

Other than the Political Feel-Good aspects, and beyond the political-duel, is there reason to extend Benefits?

The fact remains that on top of the current 1.2 Million by end of 2nd quarter 2014 an additional 1.9 Million workers will breach the 26 week long payout. Now, if your Harry Reid, Mitch McConnell or President Obama you may be thinking that at some point the Unemployment Rate will stabilize and we’ll run out of newly unemployed (not likely in the current environment); Problem Solved!  Well not actually, however putting that notion aside there is one other interesting argument (the only one) that suggests that extending benefits, mind you that’s $300 per week, will infuse the local economies with much needed fresh blood; really?

Gov’t logic approaches something along the lines of: Let’s borrow money (or divert dwindling taxpayer funds) to solve a problem of our own making while temporarily anesthetizing the public into believing that we are accomplishing something positive, albeit temporarily.

Far more ironic and perverse is the fact that if the Feds discontinue UE Benefits the Unemployment Rate will actually go down because these beneficiaries will no longer be counted as part of the “Unemployed.”

Apparently Comedian Ron White is correct; “you can’t fix stupid.”

The following are a select group of responses to questions/comments received after the original article was published. We believe you will find them of interest.

#1: Whereas it would be far better for government to drive policy that preserves individual development of personal capacity we, instead, tolerate public policy driven by consumerism and the devolution of the Individual.

Curtis C. Greco, Founder

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