Wednesday, December 1, 2010

Last Question: Congressional Vote

Today, it was announced that Republicans are blocking the extension of additional benefits to those unemployed beyond the original 99 week extension. Citing concerns about the 13.8 trillion dollar debt, lawmakers suggested benefits could be helpful but should be paid for by cuts elsewhere. Ok, you are the Congress: how do you vote and why? Can you make use of our recent concepts regarding AD, velocity, fiscal policy, and budget deficits to support your position?