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To: Arthur Wildfire! March

2 plus years into this, we have a rapidly decelerating economy.

Doing away with unemployment benefits will probably take away another half a percentage point or so from “growth”. I am not crying about it, as I am relatively prepared, but honestly cannot believe how some do not realize how bad it is if the “last legs” so to speak and kicked out, and people are now forced onto welfare.

Unemployment benefits are not a great option, but the ideas of many here are far worse (at least for the economy).

People have already cut back on spending. If workers now think there is no safety net for them should they lose their jobs, they will cut back even more, thus hurting the economy and the national psyche. Bank on it.


182 posted on 11/19/2010 1:57:38 PM PST by Red in Blue PA (Planning on using 911? Google "Brittany Zimmerman")
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To: Red in Blue PA

“Doing away with unemployment benefits will probably take away another half a percentage point or so from ‘growth’”.

Depends if you believe that pervert, Keynes ...

Economic Suicide the Keynesian Way [Keynes a homosexual pedophile!]
http://www.freerepublic.com/focus/news/2629201/posts

... or if you believe President Harding and Milton Friedman. I’ll take Harding and Friedman. Not to mention, incentivizing unemployment is not a matter of economics, but rather a form of insurance or charity. What you incentivize, you get more of. Not hard working people on this forum, but there are people who “game” unemployment.

“I am not crying about it, as I am relatively prepared ...”

I’m glad to hear it, FRiend. Frankly, I’m unable to get prepared beyond pitiful preparations. I’ll just have to tough it out.

“... but honestly cannot believe how some do not realize how bad it is if the “’ast legs’ so to speak and kicked out, and people are now forced onto welfare.”

Actually, welfare isn’t so easy to get get onto. I knew a welfare witch. It takes serious networking with people who make a career of it.

“Unemployment benefits are not a great option, but the ideas of many here are far worse (at least for the economy).”

No one can outsmart the forces of a truly free market.

“People have already cut back on spending. If workers now think there is no safety net for them should they lose their jobs, they will cut back even more, thus hurting the economy and the national psyche. Bank on it.”

Fear is, sadly, an important motivator for any economy to function. No economy on earth has ever worked without fear. “If you do not work, you do not eat.”

That’s why Solomon spoke of putting fear in lazy fools, beating them with sticks, etc. Jesus also said there would always be the poor. I take that to mean that fear of poverty must always be a motivating factor.


183 posted on 11/19/2010 2:17:46 PM PST by Arthur Wildfire! March (Economic reform? Great. But without education reform -- history will repeat itself.)
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