Insta-Millard: Unemployment benefits boost would cost $6 billion — hella bargain

December 31, 2013

Throw a device to keep people afloat in the economy, and life?

Throw a device to keep people afloat in the economy, and life?

Congressional Budget Office released its analysis of the bill proposed to extend long-term unemployment compensation for another three months.  Bottom line, CBO says it will increase deficits by about $6.4 billion.

S. 1845, The Emergency Unemployment Compensation Extension Act

S. 1845 would extend the Emergency Unemployment Compensation (EUC) program for three months—through March 31, 2014. The EUC program allows qualified states to provide up to 47 additional weeks of federally funded unemployment compensation to people who have exhausted their regular unemployment benefits.

Heckuva bargain.  Let’s do it.  Call your Member of the House of Representatives, tell her or him to pass this law.

Payments to people who need money tend to put them to work, boost the economy, and make later aid unnecessary.  But who listens to economists or historians any more?

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