Economist Tony Villamil Interviewed on Congressional Debate over Unemployment Benefits Extension

June 27, 2010 -
BY Marcia Heroux Pounds, Sun-Sentinel


Tony Villamil, WEG Principal Economic Advisor and Dean of the Business School at St. Thomas University was interviewed by the South Florida Sun Sentinel on federal unemployment benefits. In reference to the debate on continuing the program and its benefits, Dr. Villamil said that he understands both sides of the argument currently before Congress, stating that "adding to the deficit only postpones 'the day of reckoning' because unemployment insurance taxes on business will eventually have to be increased, but reducing government spending too quickly also could result in less consumer spending and also hurt the economic recovery."

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