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US economy losing "up to a $1bn a week" after jobless benefits cut

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Sheila Samples
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The US economy is losing up to a billion dollars a week because of the ??fiscally irresponsible ? decision to end long-term unemployment benefits, a Harvard economist said on Friday. Professor Lawrence Katz based his assessment on official forecasts of the impact to the economy of 1.3 million jobless Americans losing benefits.The 1.3 million affected Americans are losing on average $305 per week. In total, Democrats said $400m had been ??taken out of the pockets ? of job seekers across the country.
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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