Max Baucus: “The Senator from Arizona argues that unemployment insurance is a disincentive to jobs. Nothing could be further from the…”

“The Senator from Arizona argues that unemployment insurance is a disincentive to jobs. Nothing could be further from the truth. I don't think anybody who is out of work and receiving unemployment insurance believes that payment is sufficient not to find a job. The payments are so much lower than a salary or wage would be, it is ridiculous. There are five unemployed Americans today for every job opening in the economy--five unemployed Americans who are looking for work but cannot find it. That is the case and has been the case for a long time. People are looking for work. They are not unemployed because they have a choice. It is because of the recession that struck and the economy. It is not because people don't want to work. An additional point. Many of us asked the CBO to rank what measures would be most effective in helping the economy. The one they came up with was unemployment benefits because unemployment benefits generate about $1.90 in GDP growth for every $1 we paid out in terms of unemployment benefits.”