Go Get 'Em, Jim!
Jim Bunning, the Senator from Kentucky, is getting the typical knee-jerk reactionary heat from the Angry Left today, who are accusing him of NOT wanting to extend unemployment benefits via Senate Resolution, but the problem is:
It's all a bald-faced lie.
Bunning just wants to decide how the benefits will be PAID: if he has his preference, it will be from unspent "Stimulus" funds, instead of being an open-ended deal that will allow Congress to INCREASE the already exploding deficit.
That's it. But since Jim won't "play nice" the "just shut up and sign" Democrat way, the Libs are running to their favorite media outlets and blogs, and spewing bile. Gee, what else is new?
As usual, the Liberal Democrats just don't get it. On top of that, they're accusing Bunning of filibustering, even though he hasn't started a filibuster.
Here's what else the Dems won't tell you, straight from Michelle Malkin's blog:
“Temporary” Extended Unemployment Benefits?
History Tells a Different Story
The House on January 29, 2008 passed a bipartisan economic stimulus bill that did NOT include provisions to extend unemployment benefits. However, the Senate Finance Committee (SFC) has decided to add a “temporary” extension of unemployment benefits to its version of this legislation.
But does “temporary” really mean this program will operate only “through the end of 2008,” as the legislation’s proponents suggest? Looking back at the history books reveals a different story – of past “temporary” unemployment benefit programs that were repeatedly extended, operating for years and costing tens of billions of dollars more than originally expected.
Unemployment benefit program 1991-1994
Original proposed program length: 8 months
Original estimated cost $7 billion
Actual length: 29 months
Actual cost: $39 billion
Number of extensions: 5
Unemployment rate at start of program: 7 percent
U rate at end: 6.4 percent
Unemployment benefit program 2002-2004
Original proposed program length: 10 months
Original estimated cost $9 billion
Actual length: 29 months
Actual cost: $26 billion
Number of extensions: 2
Unemployment rate at start of program: 5.7 percent
U rate at end: 5.8 percent
Unemployment benefit program 2008
Original proposed program length: 11 months
Original estimated cost $10 billion
Actual length: ? months
Actual cost: ? billion
Number of extensions: ?
Unemployment rate at start of program: 5 percent
U rate at end: ?
1. SFC documents suggest the “temporary” extended unemployment benefits program would operate only through CY 2008 and cost $10 billion. But these sorts of programs never work out that way.
a. CRS reports that no “temporary” extended benefits program created since 1970 has expired without being extended.
b. Programs created in the 1980s and 1990s were extended 6 and 5 times, respectively.
c. The prospects a temporary program created today will expire at the end of 2008 as the SFC proposes – with the window of eligibility shutting two days after Christmas – is both dubious and would be without precedent in the last generation.
2. Even if it operated only as long as the “average” program created since 1980, a “temporary” program created now will be paying extended benefits in mid 2010.
a. The average duration of extended benefits programs created since 1980 is 30 months.
b. If a program started in February 2008 and paid benefits for 30 months, the final payments would be made in July 2010.
c. The total cost of such a program would likely be $30 billion or more.
3. If prior extended benefits programs began when the national unemployment rate was as low as 5.0%, these “temporary” programs would have operated for decades.
a. The U.S. unemployment rate was 5.0% or higher in every month between January 1974 and April 1997 – more than 23 years in a row.
b. Today’s 5.0% rate is below the average of the 1970s, 1980s, and 1990s.
c. During the Clinton Administration (1993-2000), the average unemployment rate was 5.2%.
d. According to a 2007 report by the Congressional Budget Office, today’s 5.0% unemployment rate is the same as the “natural rate” CBO will use “both currently and for the 10-year projection period through 2017.” Put another way, according to CBO today’s unemployment rate is “normal” not “high.”
e. Creating an extended benefits program now will create a precedent to repeat this action every time the unemployment rate reaches this historically modest level. That will cost billions of dollars and encourage more and longer unemployment.
That's right, kids, Bunning is trying to put a stop to this endless cycle of unemployment benefits, which costs the taxpayers megatons of money and destroys American productivity.
Liberal Democrats, in the meantime, are just putting another band-aid on a bullet hole and bawling like babies because they're not interested in the Big Picture.
Besides, the Dems are just spending more of everybody else's money.
Isn't that what they do best?
I think it's time to put a stop to the Dems' favorite hobby, and get behind Jim Bunning. For once, somebody in Congress is having a moment of clarity.
No comments:
Post a Comment