“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!]
... 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.
The sad part is that idealogues such as yourself will cut off your nose to spite your face. You will stick to your “conservative principles” even if it means tanking the economy once again. The economy is “growing” at a decelerating pace for the pat 3 Q’s......anything untoward could send it south quickly.
If you think removing a basic safety net during a time of massive uncertainty is a good idea making millions of working people pull in their spending even more, let’s just say you are not Solomon.