December 1, 2012 | Filed Under Associated Press, Budget, Democrats/Leftists, Economy/Finances, Entitlements, Government, Journalism, Media, Nanny State, Progressives, Regulation, Stimulus, Taxes, Warner Todd Huston | Comments Off on
Stupidity: Govt. Says Unemployment Compensation CREATES Jobs!
-By Warner Todd Huston
This is why no one in government lives in the real world. The Congressional Budget Office (CBO) said this week that extending unemployment creates jobs Good lord, if these idiots truly believe this garbage, we need to nuke Washington D.C.!
The AP is reporting that the CBO is saying that extending unemployment for another year will “add 300,000 jobs to the economy.”
Naturally, the left-wing idiots we call Democrats think this is all great.
‘‘This report is more evidence that extending help to those who are seeking work is a better investment for our economy than extending tax breaks for those resting comfortably atop the economic ladder,’’ said Rep. Lloyd Doggett, D-Texas, a member of the House Ways and Means Committee.
How can these brainless, communists think this? Why, because sending free money to the unemployed will instigate “spending” by “the people” and that spending will “create jobs.”
This is exactly backwards thinking. This isn’t money legitimately made by the private sector spent by the private sector to grow the economy. This money stolen from the private sector, making the private sector poorer, making jobs scarcer, and destroying the damn economy!
Unemployment benefits have cost the federal government $520 billion during the era of Obama. That is $520 billion taken out of the economy, not $520 billion grown.
That is $520 billion that didn’t go to growing businesses, creating jobs, doing services for each other, $520 billion taken out of productive work.
Keynesianism does not work! We have already learned this from Obama’s utterly failed stimulus flops.
This administration is purposefully destroying this country. There can be no doubt at all.
“The only end of writing is to enable the reader better to enjoy life, or better to endure it.”
Warner Todd Huston is a Chicago based freelance writer. He has been writing opinion editorials and social criticism since early 2001 and before that he wrote articles on U.S. history for several small American magazines. His political columns are featured on many websites such as Andrew Breitbart’s BigGovernment.com, BigHollywood.com, and BigJournalism.com, as well as RightWingNews.com, RightPundits.com, CanadaFreePress.com, StoptheACLU.com, AmericanDaily.com, among many, many others. Mr. Huston is also endlessly amused that one of his articles formed the basis of an article in Germany’s Der Spiegel Magazine in 2008.
For a full bio, please CLICK HERE.
Help the Soldiers!
American GeniusOur Founding Ideas
- The Declaration of Independence
- The Federalist Papers
- The U.S. Constitution
- Debates of 1787
- The Anti-Federalist Papers
- The Writing of John Locke
"Governments are instituted among men,deriving their just powers from the consent of the governed." Declaration of Independence July 4, 1776
What THEY Say:
Foreign News In English
Click HERE for information
on my fedora collection.Antique Stetsons, hat history...