Funny, but if we win the White Hut in 2016, all of those unemployed people no longer on the rolls are going to show back up and the UR will increase to 15%. And it will be the Republicans fault.
Imagine everyone filing tax forms with a tiny fraction of the complexity of today's tax forms, and bank account interest, capital gains and stock dividends no longer count towards initial earned income computation for taxes. You would see so much liquid assets pour into the USA our economy will have amazing growth even if we have to raise interest rates a little.