December 16, 2013

Obama’s Bad Economy

Don’t cut unemployment benefits at Christmas!

Barack Obama pronounced one of his biggest economic priorities is not in the budget agreement passed by the House Friday: “One element that’s not in this budget that needs to be passed right away is UI – unemployment insurance. You’ve got potentially 1.3 million people who, during Christmastime, are going to lose their unemployment benefits, at a time when it’s still very difficult for a lot of folks to find a job. … In fact, what we know is the economists have said failing to extend unemployment benefits is going to have a drag on economic growth for next year.” It absolutely will be difficult for those who lose benefits at this time – or any time – of year. But far more than paying people not to work, what will get the economy going again is removing obstacles like ObamaCare that actually do create a drag on economic growth.

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