It's Time For Congress To Stop Paying People Not To Work

Do we really want paying people not to work for 99 weeks – nearly two years – to be a permanent feature of the American economic system? Is that what the American people voted for in the historic landslide election of 2010? If not, then why are Republicans poised to – for the first time since the election – extend this program?

The economic case for nearly two years of unemployment benefits is extremely weak. While supporters tout the demand-side effect of the benefit checks being spent, they ignore the much larger supply-side effect of creating a significant disincentive for work and consequently for economic production. The same Keynesians who brought us trillions of failed stimulus and a mountain of debt tell us the paying people not to work is a good way to grow the economy. Common sense – and the data – say otherwise.

More