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Topic:
CBO says jobless benefits encourage joblessness
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Lyken-P
Posts: 453
Registered: 2006-1-14 18:41:19
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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http://www.washingtontimes.com/news/2012/feb/16/cbo-says-jobless-benefits-encourage-joblessness/
Quote:
Generous unemployment benefits are a great way to boost the economy in the short term but are leading hundreds of thousands of workers to stay out of the workforce longer than they would otherwise, according to the latest report by Congress’s official scorekeeper.
The report by the Congressional Budget Office comes as President Obama and lawmakers on Capitol Hill are trying to forge an agreement to extend those generous benefits, as well as continue the 2 percentage-point payroll tax holiday for the rest of this year.
CBO said unemployment is likely to remain above 8 percent into 2014 — a dreary picture that suggests the last few months of progress will not continue...
Going forward, the report said extending the payroll tax holiday for employees has a solid return on investment — but said it actually would have been better if the tax cut had gone directly to companies, rather than to individuals. CBO said that was the second-best option it reviewed.
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Kjarhall
Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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Washington Times 
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Bonzoboy1
Posts: 885
Registered: 2008-8-1 18:04:29
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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I don't know why anyone bothers quoting the CBO people only believe them when it supports their side.
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Ashmaele
Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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Bonzoboy1 posted:
I don't know why anyone bothers quoting the CBO people only believe them when it supports their side.
Was about to post this.
Also, I generally do not like ad hominem, but I've seen with my own eyes how the Moonie Times distorts things. It would have been nice if they had linked the actual CBO report, I dunno, SOMEWHERE in this focking article.
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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This is the line immediately after what Lyken bolded.
Quote:
"The best return on investment came from increasing aid to the unemployed. That was a chief item Democrats pushed for as part of the deal to extend the payroll tax."
Also the key find is badly misinterpreted from what i can tell.
Quote:
“In order to remain eligible for unemployment benefits, more people without jobs have continued looking for work — though, in some cases, less intensely and more selectively than they otherwise would have — after the normal 26-week benefit period,†CBO said. “In that way, the extensions of benefits have kept more jobless individuals in the labor force, thereby pushing up the unemployment rate by roughly one-quarter of one percentage point.â€
Correct me if i'm wrong but doesn't this say that unemployment benefits actually keep people from giving up on job searches?
Its not that unemployment benefits encourages joblessness. It's that unemployment benefits keep more people active in the category that counts in our current unemployment measures... Otherwise more people would fall out of that category, reducing the overall size of the counted labor pool and thus increasing unemployment (under this measure) but not others.
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__Bonk__
Posts: 5,122
Registered: 2009-7-25 03:04:52
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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I think its necessary so that many people dont lose everything. They just need to be tougher on auditing people to make sure they REALLY do look for jobs each and every week
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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Better for who?
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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If that's true, do jobs encourage jobfulness?
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Lyken-P
Posts: 453
Registered: 2006-1-14 18:41:19
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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Remnant_OBrien posted:
Quote:
“In order to remain eligible for unemployment benefits, more people without jobs have continued looking for work — though, in some cases, less intensely and more selectively than they otherwise would have — after the normal 26-week benefit period,†CBO said. “In that way, the extensions of benefits have kept more jobless individuals in the labor force, thereby pushing up the unemployment rate by roughly one-quarter of one percentage point.â€
Correct me if i'm wrong but doesn't this say that unemployment benefits actually keep people from giving up on job searches?
Its not that unemployment benefits encourages joblessness. It's that unemployment benefits keep more people active in the category that counts in our current unemployment measures... Otherwise more people would fall out of that category, reducing the overall size of the counted labor pool and thus increasing unemployment (under this measure) but not others.
Bolded the phrasing you are glossing over.
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Ashmaele
Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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Date Posted:
1/1/00 12:00am
Subject:
CBO says jobless benefits encourage joblessness
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So when unemployment benefits run out, the person for whom they just ran out is no longer considered part of the labor force? That's really dum
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