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...those who were against higher levels of government redistribution privately gave four times as much money, on average, as people who were in favor of redistribution. This is not all church-related giving; they also gave about 3.5 times as much to nonreligious causes. Anti-redistributionists gave more even after correcting for differences in income, age, religion and education.
Metallicus
reply to post by Willtell
How long do you extend unemployment benefits before we just call it well-fare?
I am not being heartless, but a year or two is enough to find a job.
Kangaruex4Ewe
How long should it be extended in your point of view. I am not being sarcastic, I am honestly curious.
Summary: The Role of Unemployment as an Automatic Stabilizer During a Recession
The Unemployment Insurance (UI) system helps the population most directly affected by recessions—those who have lost jobs through no fault of their own. This focus makes it one of the most effective targeted tools for maintaining American families’ purchasing power and keeping the economy on track during an economic downturn. Unemployment creates a snowball effect where people who have lost their job reduce their spending causing businesses to lose money and others to lose their jobs. Unemployment insurance acts to reduce this effect by helping the unemployed to continue to purchase vital goods and services for their family.
Now, new evidence from a study commissioned by the Labor Department during the Bush Administration reaffirms the value of UI as an automatic economic stabilizer during the latest recession. This study was conducted by the research firm IMPAQ International in conjunction with the Urban Institute and using the macroeconomic model from Moody’s Economy.com.
The study found that UI benefits:
reduced the fall in GDP by 18.3%. This resulted in nominal GDP being $175 billion higher in 2009 than it would have been without unemployment insurance benefits.
In total, unemployment insurance kept GDP $315 billion higher from the start of the recession through the second quarter of 2010;
kept an average of 1.6 million Americans on the job in each quarter: at the low point of the recession,
1.8 million job losses were averted by UI benefits, lowering the unemployment rate by approximately 1.2 percentage points;
made an even more positive impact than in previous recessions, thanks to the aggressive, bipartisan effort to expand unemployment insurance benefits and increase eligibility during both the Bush and Obama Administrations.
“There is reason to believe,” said the study, “that for this particular recession, the UI program provided stronger stabilization of real output than in many past recessions because extended benefits responded strongly.”
have a multiplier effect of 2.0: for every dollar spent on unemployment insurance, this report finds an increase in economic activity of two dollars.
Snarl
Q: Why are these people unemployed?
A: Bad choices.
Q: Why should I be concerned?
A: Quite frankly ... I am not.
Q: Why is it a 'given' that only 5 conservative votes are required?
Q: Why is there 'no question' every liberal will vote for this extension?
raymundoko
reply to post by Willtell
Wait...wouldn't you rather the Dems that ran congress, with a Dem president, have done a better job on the economy? Instead they failed and now it's the GOP's fault for not extending unemployment?
Do you see the logical fallacy here?
BubbaJoe
Snarl
Q: Why are these people unemployed?
A: Bad choices.
Q: Why should I be concerned?
A: Quite frankly ... I am not.
Q: Why is it a 'given' that only 5 conservative votes are required?
Q: Why is there 'no question' every liberal will vote for this extension?
Q1 answer, not always, sometimes they are out of your control.
Q2 answer, you should be, most are but two pay checks from bankruptcy.
Q3 answer, you say liberal like it is a bad thing, they want to feed the poor and insure that everyone has healthcare, but by being a conservative, you wish the rich to get richer, while your middle class lifestyle goes to hell.