Punching Stupid and Evil in the Face Since 1986!

"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Friday, June 25, 2010

FYI: Giving out more jobless aid is NOT creating jobs

Our illustrious leaders in Washington are itching to spend more of our hard earned money. I guess they haven't heard-we're broke too.
The demise of Democrats' jobs-agenda legislation means that unemployment benefits will phase out for more than 200,000 people a week. Governors who had counted on fresh federal aid will now have to consider more budget cuts, tax increases and layoffs of state workers.
In a continuous effort to make themselves look good until November the Democrats want to pass more jobless aid to people who have already been receiving jobless aid for more than 99 weeks. While I realize it is a real drag to be unemployed-indeed I have been unemployed before-there is a limit to how much aid one can receive. When have you extended the aid long enough?

Oh wait, I know, through November.

There is no benefit in keeping this charade up. The reason these benefits have to continually be extended is because the economy is not getting better. The rest of America cannot take care of those who are out of work in perpetuity. Life simply does not work like that. It is also a well documented fact that those receiving aid wait until the last minute to actually look for work. If you keep extending benefits, they'll keep not working. It's human nature.

The Dems would love to see this pass though, they are convinced this is the answer.

The rejected bill would have provided $16 billion in new aid to states, preserving the jobs of thousands of state and local government workers and providing what White House officials called an insurance policy against a double-dip recession. It also included dozens of tax breaks sought by business lobbyists and tax increases on domestically produced oil and on investment fund managers.

"This is a bill that would remedy serious challenges that American families face as a result of this Great Recession," said Max Baucus, D-Mont., the chief author of the bill. "This is a bill that works to build a stronger economy. This is a bill to put Americans back to work."

Unfortunately, more debt, extending unemployment benefits to folks-many of whom have been collecting for well over 6 months-and saving the jobs of thousands of government
employees doesn't actually make the economy stronger or put anyone back to work. It simply perpetuates the stagnate, small business killing hell we're all living in right now. Let's also remember, the insurance policy against a double dip recession was the $787 billion dollar stimulus bill passed last year. Why would we need more insurance against something that was already insured against?