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My Turn: Extended unemployment benefits . . . already paid for?

Unemployment benefits pay for themselves
LTD Associates

Democratic Senate Majority Leader Harry Reid took the wind out of the politically charged sails of the GOP armada poised to attack the extension of benefits for long-term unemployed Americans when he said today that he was willing to work with Republicans to find a way to pay for extending unemployment benefits for long-term jobless Americans.
Kentucky’s Republican U.S. Senator Mitch McConnell, not considered to be the smartest person in Washington, D.C., thought it would be just too cute to demand that the estimated $6.4 billion cost be slashed from funding for the Affordable Care Act (ObamaCare).
Poor honorable Mitch McConnell . . . so delusional.
What about Washington’s other no-so-bright-bulb?
You know who I’m talking about, don’t you?
None other than John Boehner, that orange-faced, cigarette smoking Republican Speaker of the House who reportedly put down his butt long enough to issue a written statement that said, “One month ago I personally told the White House that another extension of temporary emergency unemployment benefits should not only be paid for but include something to help put people back to work.
I could call the honorable speaker to remind him that President Obama has offered a number of jobs bills over the past five years, bills that Boehner and his GOP House colleagues refused to even consider, but it would not do any good so I won’t.
McConnell and Boehner evidently do not have the mental acumen to remember the Congressional Budget Office (CBO) report issued during the George W. Bush years which proved that each $1.00 in unemployment benefits creates $1.60 in new economic activity.
So, if the federal government invests $6.4 billion in extended unemployment benefits, that investment will return at least $10 billion to the economy.
Not a bad return . . . huh?
It is unfortunate that mentally-challenged GOP ‘leaders’ like McConnell and Boehner are not capable of grasping the relatively simple fact that a $6.4 billion dollar investment that returns more than $10 billion is a good investment.
Forgive me for having expected too much of men like McConnell and Boehner . . . I seem to have forgotten a simple fact: If you don’t have the smarts, you don’t have the smarts.
Right?

P.S. Since McConnell and Boehner are obviously unable to actually understand the CBO report, they can always double the extension and be money ahead by cancelling the Navy’s 13th aircraft carrier . . . the U.S.S. Gerald R. Ford . . . which is currently projected to cost taxpayers $13 billion plus additional cost overruns.

Comments? Questions? Contact the author at: davyjones@businesswriters.biz or Tweet: @DavyZJones