Clear Evidence on Disincentives to Work
People in government like to take credit for the drop in the unemployment rate this year. But one reason the rate dropped is because the government didn’t extend unemployment benefits.
Recall that in January President Obama asked Congress to pass an insurance-extension bill that would allow people to receive unemployment checks for almost two years. “Voting for unemployment insurance helps people and creates jobs,” he said, “and voting against it does not.”
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