House Minority Leader Nancy Pelosi (D-Calif.) said that extending unemployment benefits would add “600,000 jobs to our economy.”
She also said that the money from unemployment benefits creates a “safety net” for the U.S. economy because it “injects demand into the economy — creating jobs.”
“Christmas is 10 days away,” said Pelosi at a press briefing on Capitol Hill today. “The president and Democrats in Congress have been very clear. We’re not going home without enacting a payroll tax cut for America’s working families and extending unemployment insurance for millions of Americans.”
“The payroll tax cut that the president proposed would put $1,500 in the pockets of 160 million Americans,” she said. “The unemployment insurance extension is not only good for individuals. It has a macroeconomic impact. As macroeconomic advisers have stated, it would make a difference of 600,000 jobs to our economy.”
Naturally, she didn’t name these alleged macroeconomic advisers.