Detailed text transcripts for TV channel - FOXNEWS - 20131228:18:44:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20131228:18:44:00

government's five-year extension program expires for all of those who have been on unemployment for more than 26 weeks. our guest is the founder of help save my dollars.com and these folks will have fewer dollars for sure, scott, if they lose their benefits. 96 weeks is a long time to be on unemployment. what's the impact overall to the economy if now these folks are taken off the roll? >> twofolds. we could see a drop in consumer spending. a strain on the gdp, which has been recover at an anemic pace since the recession of 2000. we could see an impact on the unemployment rate but not for the right reasons. we could see the rate drop about a half a percentage point. principally because people could give up looking for work. thus, they would not be counted in the unemployment rate so it would drop. or you could see people simply flock towards temporary jobs which is not a solution to the

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