Tuesday, September 28, 2010
Stimulus
John Hinderaker:
The federal government could pay people to dig holes and fill them in again, and most Democrats, I suspect, would consider that a stimulus to the economy.
The case is much the same with respect to the unprecedented extensions of unemployment benefits that have been enacted by the Democratic Congress. Most Democrats, I suspect, don't understand why such benefits should ever expire. Economists and many others with common sense, meanwhile, warned that extensions of unemployment benefits would help keep unemployment high. That has turned out to be true, but don't expect the Dems to catch on any time soon.
