Budget deficits and extension of unemployment benefits
JUNE 25, 2010 by TSVETELIN M. TSONEVSKI
“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