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Budget deficits and extension of unemployment benefits

“Spooked by concern about deficits, the Senate shelved a spending bill that included an extension of unemployment benefits, suddenly cutting off a federal cash spigot opened by President Barack Obama when he took office 18 months ago. ” (Wall Street Journal, Friday)

More generous and longer lasting benefits … encourage people to stay out of work longer.

FEE Timely Classic:
What Spending and Deficits Do” by Henry Hazlitt

Tsvetelin M. Tsonevski
Tsvetelin M. Tsonevski

Tsvetelin Tsonevski the Director of Student Programs at The Independent Institute. He is formerly the director of academic affairs at FEE. He holds an LL.M. degree in Law and Economics from George Mason School of Law.