“Pelosi: Unemployment Checks Fastest Way to Create Jobs”
You can’t make this stuff up. It is something that I would expect a stand up comic to say in order to elicit belly laughs. Pelosi says that if you just keep sending unemployed people benefit checks that it will not only “create jobs” but it is the fastest way to do so. Of course this is typical Keynesian thinking but at some point I expect that people will no longer accept it as fact. Sending out unemployment benefits simply transfers wealth from workers and savers to nonproducers and spenders. Bottom line is that government does not create sustainable jobs. Instead, government creates parasitic jobs. Some government overhead is unavoidable but we are now at the point where government is a big part of the economy which is to say that the economy is infested with parasites. If we learn just one thing from this unfolding economic debacle it should be that government should have no role in the economy whatsoever. Federal government exists because its structure is outlined in the constitution. That document tells us what federal government is for and what its limitations are. Of course we are ignoring many of those rules and have been for decades which is exactly why we are in this mess. The transgressions always start small but once the camel’s nose gets under the tent it is not long before the whole camel is in there with you. Right now there are as many if not more camels in the tent than people IMO.
