Peter Schiff: Unemployment Compensation is the new 3rd rail in politics

[TheBlackPeterSchiff]

YouTube - Unemployment compensation-- the new early retirement & 3rd rail of American politics (http://www.youtube.com/watch?v=kwdguW4NLqs&playnext=1&videos=Tdh-KEcpCHw&feature=sub)

:cool:

[TCE]

Any entitlement program is a Third Rail of politics. You can't take money from the people for 30 years and then say "oooops, we ran out of money." They'll get pissed, rightfully so, and throw you out of office. It needs to be taken apart slowly, but all politicians want to do is keep extending it for a few more years until they are out of office and it isn't their problem anymore.