Report: Extending Jobless Benefits Creates Jobs (Congressional Budget Office)

Associated Press ^ | November 29, 2012 | By SAM HANANEL

[Repeat Offender]

Right, and paying off one credit card with another one will eventually get you out of debt.

Um, I had debt on two credit cards, paid off one with the other and now that card has a $0 balance; so it must be working. Now I just need to get another card to pay that remaining one off.

/s tag for the sarcasm impaired.

[BfloGuy]

They act really stupid in hopes they don’t get their heads handed to them when the SHTF

I'm not sure they're acting.

It's hard to believe but the belief in the theory that government spending helps the economy runs deep in most of the country. I'd agree that it shows a lack of intelligence but not necessarily a lack of sincerity.

[SoFloFreeper]

300,000 jobs? That is all? Not worth it. Obamugabe and his court jester Biden said we’d be creating 500,000 jobs A MONTH by now.

300,000 “jobs” in a year for extending unemployment benefits isn’t a deal.

Shove it, Obmaugabe...unless of course you’re willing to CUT entitlements (not defense) at the same time.

Let’s start with food stamps. And Obamaphones.

[Huskrrrr]

Ha!

[bolobaby]

Ponzi scheme!

[RetiredTexasVet]

If we could just get 100,000,000 people on unemployment (not so far fetched with the Food Stamp President in office), the economy would really take off. CBO would have to work overtime to calculate the billions of jobs that would be created and trillions of dollars generated in goods and services to sustain them. Maybe we should fire those geniuses at CBO so that they have to get a real job. With their expert level of economics, they should easily transition to high level positions in private industry.

[Intolerant in NJ]

The analysis released Wednesday from the nonpartisan office estimates that keeping jobless benefits would cost the government $30 billion. But it would also lead to more spending by the unemployed, boosting demand for goods and services and creating new jobs...or we could just leave the money with the taxpayers, including the extra two billion or so the bureaucrats would take off the top for "processing" the benefits and paying them out, and let the taxpayers spend the money instead in the private sector, which would also boost demand for goods and services and create jobs - let's give it a try......

[trebb]

And Obama says the Republican math doesn’t add up for spending cuts...