Thursday, July 22, 2010
Started my morning off catching up on last night's The Conservative Wahoo Live. The discussion about extension of unemployment benefits reminded me of this recent post by Keith Hennessey on the subject that makes a lot sense to me. As CW knows, I have a pretty dim view of people in general. Nevertheless, I can't bring myself to believe that the extension of this benefit is going to compel that many people to slough off finding a job to spend it trying to look like Dr. Jeff Life or otherwise. Mr. Hennessey suggests that at the current level of unemployment, while there are surely people snowbirding it, there are still enough people who truly need it to make the extension warranted. He does go on to say that below a certain percentage - in his mind 8% - the tradeoff probably no longer makes sense.