5.16.2003

Israeli Economics

The Israeli government is going to kick 100,000 foreign workers out of the small Mediterranean country, as well as cut 30% of the guaranteed allowance (a form of welfare) to 100,000 Israelis, who economists theorize are remaining unemployed because it's better for them than working. This doesn't surprise me, in a socialist country like Israel, and given their tanking economy they need the cash. So if they can find a few economists to say that they need to cut welfare, they'll be only too glad to.