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spending money. every dollar that you spend from unemployment insurance creates $1.6 in economic value. that s better than anything else we çknow. jeffrey, i want to introduce another related subject. it s the deficit. you know this argument. new york times column itself paul krugman wrote be won t extending unemployment benefits worsen the budget deficit? yes, slightly. but penny pinching in a severely depressed economy is no way to deal with our long-run budget problems and penny pinches is cruel and misguided. i basically think what he s saying is on target, perhaps leading to a slightly wrong impression. the amount of benefits we re talking about is teeny compared to our debt. to the debt due to medicare, medicaid, social security. the long-term problems that krugman is referring to are huge because they re growing ats s

Unemployment insuranceJeffrey mironFÃ know1 6Unemployment benefitsPaul krugmanPenny pinchingBudget deficitNew york timesWon tAmerican wayBudget problemsDebt due to medicareSocial security