Unemployment extension: Obama gets stimulus $$

Let's get this much clear: the tax deal between the President and the GOP extending unemployment benefits for 13 months is a major boost for the economy and a life saver for the unemployed who otherwise would join the homeless or the foreclosed.  And it's cheap: long term interest rates are low and there is plenty of available cash (most of it corporate) to buy U.S. Treasury bonds.


The letter here is the plea to the President and  Congressional leadership by leading progressive economists to do just that.  More on the positive elements of the plan later: including the payroll tax cut.