Detailed text transcripts for TV channel - MSNBC - 20140108:04:16:00
Because it adds to aggregate demand in the economy. every economist understands that. in fact, the unemployment compensation program starting in the '30s is widely, again, hailed by almost all economists as part of the countercyclical set of programs that you have. when you have unemployment, that becomes self-reinforcing. >> right. >> fewer people can work, so they haven't got money to spend and that leads to further unemployment. unemployment compensation, boehner could not be more ignorant in that economic assertion. cutting unemployment compensation takes money out of the economy and that,...
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