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Ed Rendell: "Even People Who Lost Their Jobs Are Better Off"

Former Gov. Ed Rendell (D-Penn.): And even if you’re wages have gone down, President Obama has cut taxes on working people by $3,600. So, you’re still ahead of the game in spendable income.

If you’re unemployed, he extended unemployment compensation that gave you significant amount of additional coverage. If your family is on food stamps, the food stamp benefit went up as part of the stimulus.

So, it depends where you take and freeze that date, whether you’re better off. And I would contend that even people who lost their jobs are better off if you use January 20th as the starting date.

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