My good friend from the State of Arizona, Senator Kyl, said that unemployment insurance extension does not create a single job to stimulate the economy. Does the Senator from Minnesota, who has spent a lifetime dealing with those who are not privileged, including the unemployed--would the Senator agree with that statement? Or would the Senator agree with the statement from Joseph Stiglitz, Nobel Prize winner in economics, who says: . . . we should extend the duration and magnitude of the benefits we provide to our unemployed. This is not only the fairest proposal, but also the most effective. People who become unemployed cut back on their expenditures. Giving them money will directly increase expenditures. Would the Senator agree with that statement or the one from our friend from Arizona, Senator Kyl, who said unemployment extension does not create a single job to stimulate the economy?
On the recordFebruary 5, 2002
Source
govinfo.govEditor's note · Context
Debating the impact of unemployment insurance extension on job creation and economic stimulation.
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