In an attempt to lower the unemployment rate the Obama Administration is tossing yet another plan at the wall and hoping it will stick.
To that end the administration has announced the start of a new strategy to curb nagging unemployment by allowing Americans to keep their benefits while trying out a job.
The program will be administered on the state level, with the Labor Department opening the application process Thursday for 10 model programs across the country.
The program called 'Bridge to Work' was in fact a key part of the payroll tax cut package. Read More
The problem with the funding source is that the so-called payroll tax cut is not a tax cut at all. It is a cut in the payroll contribution into Social Security which in effect further de-funds Social Security and will lead to accelerating its path to insolvency.
What incentive would there be for an employee to work hard and excel in the workplace, knowing that if fired or if they quit they will still collect a check?
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