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Catching Elephant is a theme by Andy Taylor
To: Iraqi War Orphan
From: Unemployed American Electrician
Dear Nawal,
I hope everything is alright with you. First I’ll tell you the good news! Close call for yours truly, the other day. My unemployment compensation was just about ready to run out. Lucky for me, it now looks like I’m one of a few million Americans who are in line for a three-month ( 13-week ) benefits extension! Sweet! Our Congress has argued for a long time about whether to do this or not. This is because there is a Moral Hazard involved anytime people without income or jobs are temporarily given tiny sums of money to help them survive during hard economic times.
crimmins 1111
Our leaders worry that we will lose our love of work or even our desire to search for a new job if our families become accustomed to squeaking by on temporary unemployment insurance checks. Economists (sort of like Imams?) at our large universities diligently study the problem of our Moral Hazard all the time and write many papers on this subject in order to help guarantee the purity of our country’s morals. Anyway, they have determined that the amount of our Unemployment Insurance must be kept very small in comparison with what we can earn if we find paying work. That way, the rest of us know that there are very serious consequences to losing our ambition or our jobs.
