Who Said That?
A 3 question quickie, multiple guess quiz to evaluate the reader’s grasp of current events:
1. “The second way government assistance programs contribute to long-term unemployment is by providing an incentive, and the means, not to work. Each unemployed person has a ‘reservation wage’—the minimum wage he or she insists on getting before accepting a job. Unemployment insurance and other social assistance programs increase [the] reservation wage, causing an unemployed person to remain unemployed longer:” (http://bit.ly/axiHCb)
Who said that? a) Karl Marx b) Bill Clinton c) Rush Limbaugh d) Larry Summers
The answer is . . . Larry Summers, the Obama White House economic advisor. Summers thereby punched gaping holes in the US Senate plan to extend unemployment benefits to 99 weeks. . .
(Read more at http://www.genelalor.com/blog1/?p=1635)
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