{"id":6197,"date":"2010-07-20T10:19:12","date_gmt":"2010-07-20T14:19:12","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=6197"},"modified":"2010-07-20T10:22:41","modified_gmt":"2010-07-20T14:22:41","slug":"five-reasons-why-sen-harry-reids-joblessness-ploy-is-a-bad-idea","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/6197\/five-reasons-why-sen-harry-reids-joblessness-ploy-is-a-bad-idea\/","title":{"rendered":"Five Reasons Why Sen. Harry Reid’s Joblessness Ploy Is a Bad Idea"},"content":{"rendered":"

Senate Majority Leader (for the time being, at least)\u00a0 Harry Reid (D – Nevada) mistakenly believes that he’s got a winning card with his scheduled vote<\/a> today on yet another unemployment benefit extension.\u00a0 Reid, along with co-conspirators Nancy Pelosi and President Obama, predictably mischaracterize<\/a> Republican opposition to the vote that will immediately follow the introduction of replacement West Virginia Senator Carte Goodwin.<\/p>\n

But here are some facts.\u00a0 First, Senate Republicans only request that unemployment benefit extensions be offset<\/a> with cuts in other forms of runaway federal spending.\u00a0 Second, Harry Reid’s proposed extension will add $30 billion<\/a> to this year’s projected $1.4 trillion deficit.\u00a0 Third, unemployment benefits already stretch for 99 weeks – almost two full years.\u00a0 Fourth, there have already been seven extensions in unemployment benefits during the period in which Obama’s $1 trillion “stimulus” spending has instead managed to stifle what should be a robust cyclical rebound by this point.\u00a0 Fifth, even Obama’s own economic advisers have proclaimed<\/a> that jobless benefits actually perpetuate and exacerbate unemployment itself.<\/p>\n

Here’s the better policy prescription:\u00a0 prevent upcoming tax increases<\/a>, slow the federal government’s breakneck spending expansion and reduce the threat of anti-growth regulatory uncertainty.\u00a0 When we implemented those prescriptions during the Reagan Administration, we witnessed astounding two-year gross domestic product growth of approximately 7% over eight consecutive quarters<\/a> in 1983-1984.\u00a0 How much longer will it take Harry Reid, Nancy Pelosi and Barack Obama to finally learn that simple lesson?<\/p>\n","protected":false},"excerpt":{"rendered":"

Senate Majority Leader (for the time being, at least)\u00a0 Harry Reid (D – Nevada) mistakenly believes that he’s got a winning card with his scheduled vote today on yet another unemployment benefit extension.\u00a0 Reid, along with co-conspirators Nancy Pelosi and President Obama, predictably mischaracterize Republican opposition to the vote that will immediately follow the introduction […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[59,19,77,27,111,24,38,61,179,71,18],"class_list":["post-6197","post","type-post","status-publish","format-standard","hentry","category-posts","tag-deficit","tag-economy","tag-harry-reid","tag-jobs","tag-nancy-pelosi","tag-obama","tag-senate","tag-spending","tag-stimulus","tag-taxes","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/6197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=6197"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/6197\/revisions"}],"predecessor-version":[{"id":6199,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/6197\/revisions\/6199"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=6197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=6197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=6197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}