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Macro economics

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In the very near future nearly two million people will lose their unemployment benefits (Stafford, 1). This automatic stabilizer will not have as much direct effect on the deficit after November 30th, but its absence will have a profound effect on the lives of millions and the general health of the US economy. Since legislators did not (yet) extend these benefits, many people will be left without government financial assistance in the coming months (Stafford, 1). This will work to likely force many people into jobs they are overqualified for or do not enjoy. During a recession, it is necessary to make some tough decisions and cut benefits to people who may not necessarily need them for such an extended period of time. US legislators have to draw a line in the sand, so to speak, somewhere, and the 99-week unemployment benefit maximum represents this line

Certainly, from an economics standpoint, the decrease in automatic stabilizers will reduce the deficit, but it will also cut down on recession spending by the same people who no longer receive these benefits (Andres and Domenech, 1490). This will have a negative initial impact on the economy, but since the money that would