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

Tuesday, December 7, 2010

How much Unemployment is too much?

With the announcement yesterday that the Administration had reached a compromise deal to extend the current tax rate in exchange for also extending unemployment benefits for another 13 months, we must start asking-how much is too much? How long are we to continue to subsidize unemployment?

It might behoove you to know, Ben Bernanke thinks unemployment will not fall to 5-6% for another 4-5 years.

Is that how long we will pay for the unemployed?