Error of Extending Unemployment Insurance

                           

Unemployment insurance benefits have become a political football. The Left has got it all wrong again, saying once more it’s an excellent economic stimulus,

When you look back at statistics done by folks such as Laffer Associates, who have looked at actual data going back to 1972, you find that unemployment benefits do seem to keep most recipients from actively looking for work until the time benefits are ready to run out. Other studies appear to corroborate this as well.

                           

A safety net is necessary to tide the unemployed over their bad patch. A paid vacation, until they get seriously looking, is another story (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)