“With unemployment expected to rise well into next year even as the economy slowly recovers, the Obama administration and Democratic leaders in Congress are discussing extending several safety net programs as well as proposing new tax incentives for businesses to renew hiring…. But officials emphasized that a decision was still far off and that in any event the effort would not add up to a second economic stimulus package, only an extension of the first.” (New York Times, Tuesday)
Does the “safety net” prolong unemployment?
FEE Timely Classic
“Benefit Mandates Cause Unemployment” by Hans F. Sennholz
