Congress is debating whether to extend emergency unemployment checks for more than 6 million Americans who are approaching the 99-week limit, some four million others are facing the certain end of their benefits over the next year.
The President's Council of Economic Advisers said "the exhaustion of unemployment benefits for so many will curb spending power enough to significantly impede an already weak economic recovery."
The typical household would see their income fall by a third should they lose their checks, according to the report. For the sole breadwinner, income would fall by 90 percent.
Multiply that number by 4 million and climbing for those who would have nothing. That is not a good situation for anyone.
Say what you want about lazy people and pulling yourself up - easy for you to say if you are one of the employed. The fact is that there are not 4 million jobs for those curently unemployed and we all know it's getting worse.
These are not the people you fear that DO NOT WORK. These are people that are very unfortunately BETWEEN WORK that are the subjects here. This is not about LAZY.
And here is a news flash: If they keep letting companies go offshore, taking our jobs with them and coming back here to sell it all back to us at nice high inflated American prices - the job mess will continue....and it will infect and affect everybody - working or not.
To think of letting our countrys people whither away and at the same time give out financial support to other coutries and THEIR people is mindboggling.
If we really can't afford to take care of someone - shouldn't AMERICANS be the last on the cut list?
The unemployment benefits need to be there for these Amercican Workers who are STUCK BETWEEN jobs.
The cut list starts on the other end of the line.
1 comment:
At what point; 6 months, one year, two years; do the payments, for all practical purposes, more resemble public assistance rather than unemployment benefits. We all know people who could survive without their payments because of a spouse's income and are using it as more of a vacation.
Which makes me wonder if at some point a "needs test" should be applied. This may be a compromise to extend the benefits for those who are in need.
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