Re: Brad DeLong seems naive all of a sudden. And more.

a couple of comments

Changing the Obama budget proposal to limit all tax cuts to two years would reduce the total deficits over the next decade by more than $2 trillion. No single policy change could do as much to limit the future deficits and the national debt.

how does Obama's tax cuts magically become Bush tax cuts as addressed by the following quotes? I do believe the first writer was reffering to the tax cuts for 95% of the people (as touted by Obama) nothing to do with shrub there.

Government spending that icreases the private sector work force makes sence except that isnt what is happening, only the public sector work force is expanding, all of the deficit spending has resulted in about 600k temporary jobs at about 250k per job.

extending unemployment makes sense but at the low end of the job market, maybe not
http://www.mlive.com...pe_jobs_to_s.html

extending unemployment makes sense but at the low end of the job market, maybe not

I would love to know how often that is really a problem. But I have heard the same thing from two local business men. Both where looking for somebody to fill a relatively bad job and the people they where talking to where saying call me back when my unemployment runs out.

In some cases there is a good reason for it, one thing that made the news in PA was people getting hosed by taking lower paying jobs and then having those jobs cut also. Their unemployment was recalculated based on their more recent job and reduced, leaving them worse off for having taken the job. I know that was a factor in my thinking when I was unemployed for a long time. In the first half of my unemployment, I didn't go near any low paying jobs for fear that they might offer me a job I didn't really want.

I think a gradual reduction over time is the way to go really. Start at a higher rate to give people a chance to pay off what they can and then reduce it every 3 months. That way it could last longer but people would be motivated to take bad jobs sooner.

Jay

Post #326,128 by boxley 5/13/10 8:57:03 AM Reply	Re: Brad DeLong seems naive all of a sudden. And more. a couple of comments Changing the Obama budget proposal to limit all tax cuts to two years would reduce the total deficits over the next decade by more than $2 trillion. No single policy change could do as much to limit the future deficits and the national debt. how does Obama's tax cuts magically become Bush tax cuts as addressed by the following quotes? I do believe the first writer was reffering to the tax cuts for 95% of the people (as touted by Obama) nothing to do with shrub there. Government spending that icreases the private sector work force makes sence except that isnt what is happening, only the public sector work force is expanding, all of the deficit spending has resulted in about 600k temporary jobs at about 250k per job. extending unemployment makes sense but at the low end of the job market, maybe not http://www.mlive.com...pe_jobs_to_s.html If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)
Post #326,131 by jay 5/13/10 9:23:18 AM Reply	Re: Brad DeLong seems naive all of a sudden. And more. extending unemployment makes sense but at the low end of the job market, maybe not I would love to know how often that is really a problem. But I have heard the same thing from two local business men. Both where looking for somebody to fill a relatively bad job and the people they where talking to where saying call me back when my unemployment runs out. In some cases there is a good reason for it, one thing that made the news in PA was people getting hosed by taking lower paying jobs and then having those jobs cut also. Their unemployment was recalculated based on their more recent job and reduced, leaving them worse off for having taken the job. I know that was a factor in my thinking when I was unemployed for a long time. In the first half of my unemployment, I didn't go near any low paying jobs for fear that they might offer me a job I didn't really want. I think a gradual reduction over time is the way to go really. Start at a higher rate to give people a chance to pay off what they can and then reduce it every 3 months. That way it could last longer but people would be motivated to take bad jobs sooner. Jay
Post #326,132 by boxley 5/13/10 9:26:37 AM Reply	its a hard choice, I agree If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)

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