Rep. Foxx Echoes GOP Doublespeak On Unemployment Benefits

July 23, 2010 1:56 pm ET

Read why Rep. Foxx is wrong, as well as dishonest, HERE.

REP. VIRGINIA FOXX (R-NC): [7/22/10] Republicans know that we must reduce the deficit, and if the underlying bill had been paid for, Republicans would have gladly supported it, but it is not.

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REP. FOXX: [7/21/10] In the immediate policy case, Democrats are going so far as to subsidize more unemployment. If you subsidize something, you get more of it, so if you pay people not to work, they often decide not to work, or at least to delay looking or decline a less than perfect job offer, holding out for something else that may or may not materialize. The economic consensus, which includes Obama administration economists in their previous lives, couldn't be clearer on this. In a 1990 study for the National Bureau of Economic Research, labor economist Lawrence Katz found that, quote, 'the results indicate that a one week increase in potential benefit duration increases the average duration of the unemployment spells of unemployment insurance recipients by 0.16 to 20 weeks— 16 to 20 weeks.

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