Wednesday, September 21, 2005

Bush cont.

More evidence of Bush dissatisfaction here among conservatives. One guy, however, thinks that Bush is being misunderestimated once again. Rich Lowry also believes that there is some good in the Katrina mess:
The unemployed now get 26 weeks of federal unemployment benefits, which are often extended and also supplemented by various state programs. This is a social safety net that can become a trap. The longer and more generous benefits are, the less incentive someone has to find work (see Germany in particular and Western Europe generally for examples of the phenomenon at work). The Bush program would establish accounts that unemployed people could use as they see fit for education, training programs and child care to support their job search. If they find a job within 13 weeks they can keep up to $1,000 of the $5,000 account.

This would reverse the traditional incentive of unemployment benefits; it would do an end run around work-force investment boards, the state-level bureaucracies that now eat up federal dollars; it would allow each person to tailor federal aid to his own needs and strengths. It would be at least a step toward preserving individual initiative from the enervating clutch of bureaucracy.
Yeah, that's great. But I still can't get over the $200 billion price tag.

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