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RE :”Most notably, White House Economist Lawrence Summers claims that not extending the unemployment benefit beyond almost two years would cost the U.S. economy $10 billion and 100,000 jobs... .. “Unemployment insurance puts money in the pockets of the families most likely to spend the money — which in turn expands the economy and creates jobs.”So is this accurate? Does government money in the form of unemployment benefits expand the economy?...Believers in Keynesian economics always fall back on that supposed “multiplier” effect to defend more government spending. It was used to sell the $787 billion 2009 stimulus, the $152 billion 2008 stimulus, the 2007 stimulus, and all the other stimuli here and around the world”

My favorite subject. If this is really true then how can the debt commission recommend cutting entitlements? Doesn't social security create jobs like this compensation does? It is all bogus. No, not all tax cuts pay for themselves either. More on this later.