4/16/10

Where is the money coming from?

News. April 16 (Bloomberg) -- President Barack Obama signed a bill extending jobless benefits for hundreds of thousands of Americans to June 2 and urged Congress to pass another measure offering them for the rest of the year.

It sounds politically correct. It sounds right. It sounds like we should do it? But what about you and I? Who is going to pay for all this continuing relentless generosity?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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1 comment:

Unknown said...

Totally agree with you. It sounds good and nice but Mr President doesn’t take the money out of his pocket to extend those benefits. Unfortunately, ordinary people who work hard and pay taxes pay for that. The interesting thing is that some jobless people really like being jobless, they live for their benefits, get loans online sometimes and don’t even want to change a thing. And hardworking people pay for their rest!