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Out blasting Republicans in just a few minutes -- blocking the extension of unemployment benefits.
The senate is set to vote again maybe as soon as tomorrow on extending those benefits question is can we afford to pass the 34 billion dollar benefits package and -- it right on to the deficit right now.
-- Ed Rendell of Pennsylvania joins the company -- a pleasure to have you with us thanks for joining us.
Stewart who -- what about this I mean if we just extend unemployment benefits.
We had over thirty billion dollars to the deficit you think we should be doing that right now.
Well I think it should be part of an overall stimulus package you know David Walker of the very deficit -- Peterson foundation.
Say that there are false choices out there and and we always have a lot of false choices politically story.
He said that we can make targeted investments to boost the economy.
And at the same time commit ourselves to long term deficit reduction can actually we should be -- you extend unable.
My best is that just doesn't mean that counts is a good way to get dollars into the economy.
But we've got to do more than extend benefits that -- original bill.
Had a ton of tax credits and incentives for businesses particularly small businesses.
We've got to get those -- I know the Republicans say pay as you go.
But -- been a little hypocritical Stewart cause for the war funding we don't insist on -- as you go.
For the extension of the bush tax cuts what we don't just eight days ago speak of -- I think they should be paid for but if they can't be paid network they can't agree on a package.
To stimulate the economy in the short run.
I think there's an emergency after we -- -- go and do it.
Speaker Pelosi says just looking at extending unemployment benefits just -- that forget the tax credits for small business just that.
She says it's the best way of creating jobs.
Do you believe that governor.
Now I I think that's not entirely accurate it's the best way to stimulate the economy in the short run.
Again every analyst agrees that from one dollar and unemployment benefits that are extended.
He get a dollar -- back into the economy itself I don't think every -- believes that -- speak either I don't think every -- -- go along with that said -- jobs you're employing them all to supply -- -- And get it certainly does.
You employee did -- -- the multiplier -- not -- not every economist believes that that multiply housed in fact walked given the.
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