Doesnt Create Net Money News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Coming up on 19 minutes after the hour. "minding your business" this morning. millions of out of work americans could soon receive federal help again. senate democrats with the help of two republicans voted to end debate on a bill that would extend unemployment benefits through november. >> republicans have been blocking this extension because it would add another $34 billion to the deficit. they were calling for cuts elsewhere before they would approve it. again it looks like it is on its way to passage. joining us now to talk about the impact of extending jobless benefits, editor at large fo...

Looming increase in capital gains taxes, is up chapter s corporations are worried about taxes going up. you have severe penalties if you don't offer health insurance. when these companies are in a tough economy, the first thing they cut is labor. one of the great things about the american economy is that people are laid off very quickly in a recession and they're hired back very quickly in a recovery. sbl what do you make of this argument that the democrats make and that two republicans buy in to that by borrowing money to extend unemployment benefits you are putting money in the pockets of pe...

Benefits go out to 26 weeks. now they've extended eight times. we're at 99 weeks. the unemployment rate is still extremely high. big problem is the money's being borrowed and added to the deficit. the deficit is one of the biggest problems we have in terms of future long-term interest rates which are very worrisome to companies and nothing's really being done to attack the root of the problem which is the reluctance of companies, especially small companies, to hire people. putting this in context, in late 2008 and through most of 2009, companies cut back as if there were a depression, expectin...

More credit and that money is immediately spent or spent very, very rapidly. so you just are shifting money around. in other words, you're virtually borrowing it, taking it out of the economy from the same people that you're then sending checks to. so you're not creating any money here. in other words, the government doesn't create net money, it just shifts it around. >> a lot of people write in and say why are we talking in $9.7 billion in aid to pakistan and talking about sending money everywhere else. this money has to be paid for but all the money we freely spend is not necessarily subject...