Friday, November 19, 2010

Unemployment benefits cutoff: Idled workers need a hand - latimes.com

Unemployment benefits cutoff: Idled workers need a hand - latimes.com

Washington is poised to stop providing extended unemployment benefits despite the huge number of laid-off workers, the paucity of job openings, the high rate of underemployment in every sector of the economy and stubbornly slow economic growth. That's because Republicans in the Senate insist that, unlike the hefty tax cuts they covet for the wealthy, the comparatively slender subsidies for the unemployed must not be financed with borrowed money.

This penuriousness is not just hypocritical, it's bad economics.

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