Friday, December 3, 2010

Even Goldman-Sachs

Even Goldman-Sachs will admit that unemployment insurance is good for the economy.

A Labor Department report shows that for every $1 spent on unemployment insurance, $2 are spent in the economy. If you don’t believe the Labor Department, maybe you’ll believe Goldman Sachs analyst Alec Phillips, who estimates that if unemployment benefits are allowed to expire, the American economy would slow by a half a percent.

From Robert Reich

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