Neal Dunn: “I think, to put the comments of Mr. Greenspan in context, because he made them at the meeting of the Joint Economic…”

“I think, to put the comments of Mr. Greenspan in context, because he made them at the meeting of the Joint Economic Committee yesterday, where I was present, he said: ``I have always been of the opinion, and stated before this committee previously, that our unemployment insurance system seems to work rather well. It is not overly generous, which would induce the type of increased levels of structural unemployment which we see in other countries which have these types of things, these types of structures. But unemployment insurance is essentially restrictive because it's been our perception that we don't want to create incentives for people not to take jobs. But when you're in a period of job weakness where it is not a choice on the part of the people whether they're unemployed or unemployed, then obviously you want to be temporarily generous.'' And he says, ``If you go forward with additional extensions, I would be careful to keep the extensions relatively short and renew them again if necessary.''”