Megan McArdle Quotes
If we wanted a program to help the majority of the population, we'd offer loan guarantees to help poor people get access to reliable cars so that they could have a better shot at getting - and keeping - a well-paying job...A small amount of capital could make a much bigger difference in their lives than extra student loan relief for middle-class college kids would.
McArdle, Megan. "Forgive Student Loans? Worst Idea Ever." The Atlantic, 18 Oct. 2011.
He wanted to condition long term unemployment insurance payments on the recipient taking training courses or other means of improving his/her skills and becoming more employable. He was opposed on the left by those who observed that this was insurance; the working nothing from the government; the worker had paid for it when he/she was working. It was his and was not conditioned on government requirement. The right wing opposed the idea as they had always wanted the out of work people to have little or no other opportunity than to take the worst and lowest paying jobs in the society. They also pointed out that if training was to be provided, it would cost more and not less. But Gingrich and his supporters on this idea observed that there were many jobs available even with the high unemployment rate; the unemployed workers just did not have the skills to do these jobs. Train them and unemployment would go down. The investment in unemployment insurance and training would pay off many times over.
Small business is responsible for the majority of new jobs that are created in our country.
Owner of one of the only 2 Mexican Television Networks
Megan McArdle is an American journalist, columnist, and blogger based in Washington, D.C. She writes for The Washington Post mostly about economics, finance, and government policy.