After a hard-fought political battle, President Obama signed legislation Thursday restoring benefits to the long-term unemployed, aid that had expired more than seven weeks before. Under the extension, unemployed workers can receive up to 99 weeks of income assistance. Helping the long-term jobless in a prolonged recession is generally a bipartisan issue, but this time, Republicans argued that the measure will add too much to the national debt. It’s a discussion that gets bogged down in myths about how to assist the long-term unemployed, and the economy, at the same time….
For those who want the short version the myths are:
- Unemployment benefits make people less likely to find jobs.
- Unemployment insurance doesn’t contribute to economic recovery.
- We can’t afford to do this right now.
- The private sector can take care of unemployment on its own.
- The unemployment rate gives us a good sense of how many people are affected by the downturn.
This Washington Post article takes apart these counterproductive myths. But they must be communists, right?
That was sarcasm.