XxKrebsxX
6th July 2010, 06:16
http://www.kansascity.com/2010/06/30/2055914/no-work-and-now-no-safety-net.html
Article about the end of unemployment benefits to millions of workers in the U.S. and the amount of those whose benefits will run out in the near future. Also, I bolded some interesting points as well as one of the most asinine quotes from a moron republican.
....about 6.8 million of the nations 15 million unemployed have been out of work for six months or more (the official definition of long-term unemployment), according to the U.S. Bureau of Labor Statistics. It is the highest proportion of long-term unemployment on record, according to the data series that dates to 1948.
...
there are about five job hunters for every posted opening.
...
Therein lies one effect of ending unemployment insurance programs: Sooner or later, many of the unemployed end up relying on public assistance in some way, whether its for subsidized health care, food or, in limited cases, welfare aid to families with dependent children.
Advocates for continuing unemployment benefits note that the Congressional Budget Office has ranked unemployment insurance as the most effective form of economic stimulus.
It gets money into the hands of the people who are most likely to spend it, Shierholz said. It goes straight into their local economies when they use it to pay for their food and housing.
One study indicates that $10 billion of unemployment insurance spending creates or saves 100,000 jobs.
Do the math, Shierholz said. Failure to approve the $35.5 billion unemployment program translates into 350,000 jobs that arent happening. Whatever your feelings about unemployment insurance, you cant ignore that theres a drain on public assistance in other ways.
...
[On extending unemployment in Congress]
The American people know it isnt right to simply add the cost of this spending to our already-overdrawn national credit card, said Rep. Dave Camp of Michigan, the top Republican on the Ways and Means Committee, after the House rejection on Tuesday.
Emphasis on the part that he believes Americans think it is wrong. Condescending jackass. :mad:
Article about the end of unemployment benefits to millions of workers in the U.S. and the amount of those whose benefits will run out in the near future. Also, I bolded some interesting points as well as one of the most asinine quotes from a moron republican.
....about 6.8 million of the nations 15 million unemployed have been out of work for six months or more (the official definition of long-term unemployment), according to the U.S. Bureau of Labor Statistics. It is the highest proportion of long-term unemployment on record, according to the data series that dates to 1948.
...
there are about five job hunters for every posted opening.
...
Therein lies one effect of ending unemployment insurance programs: Sooner or later, many of the unemployed end up relying on public assistance in some way, whether its for subsidized health care, food or, in limited cases, welfare aid to families with dependent children.
Advocates for continuing unemployment benefits note that the Congressional Budget Office has ranked unemployment insurance as the most effective form of economic stimulus.
It gets money into the hands of the people who are most likely to spend it, Shierholz said. It goes straight into their local economies when they use it to pay for their food and housing.
One study indicates that $10 billion of unemployment insurance spending creates or saves 100,000 jobs.
Do the math, Shierholz said. Failure to approve the $35.5 billion unemployment program translates into 350,000 jobs that arent happening. Whatever your feelings about unemployment insurance, you cant ignore that theres a drain on public assistance in other ways.
...
[On extending unemployment in Congress]
The American people know it isnt right to simply add the cost of this spending to our already-overdrawn national credit card, said Rep. Dave Camp of Michigan, the top Republican on the Ways and Means Committee, after the House rejection on Tuesday.
Emphasis on the part that he believes Americans think it is wrong. Condescending jackass. :mad: