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Arthur Delaney [email protected] |
"Unemployment: Congress Has Never Before Dropped Extended Benefits With Jobless Rate So High
Though the jobs crisis shows few signs of abating and the unemployment rate continues to hover near 10 percent, Congress allowed extended unemployment benefits to expire at the beginning of June, causing so far more than 1.2 million long-term unemployed to miss checks.
During normal times, state provide 26 weeks of unemployment benefits for workers laid off through no fault of their own. Federally-funded extended benefits have given the unemployed additional weeks during eight recessions since the 1950s. If Congress fails to reauthorize the current round of extra jobless aid, it will be the first time since then that extended benefits have been allowed to expire when the national unemployment rate is above 7.2 percent.
"This is both unfair to the unemployed, who face a historically difficult situation through no fault of their own, and economically unwise as it threatens the prospect of a strong and sustainable recovery," says a new report from the National Employment Law Project and the Center for American Progress. "The consequences are obviously dire for those Americans out of work, and could be equally devastating for employed Americans who are counting on a sustained economic recovery to keep their jobs and boost their earnings."
The report shows that in previous recessions -- in 1973, for example -- extended benefits have been left in place until unemployment dropped to as low as 5 percent."
Originally posted by inforeal
i wonder are any of you unemployed?
Originally posted by inforeal
i wonder are any of you unemployed?
It's not as simple as that, sadly. We have absolutely NO control over who gets to run. We are only given the option of choosing the lesser of two evils (lesser by perhaps .00001%). As easy as it sounds to vote bad out and good in, it's impossible. The game is rigged long before Americans are given the chance to "appear" as if they choose.
Originally posted by monkeySEEmonkeyDO
I can only hope that the American people wouldn't vote in another corrupt right/left politician.
Republicans = Democrats
Originally posted by inforeal
Again I ask where were the republican deficit hawks when the money went to killing people in the middle east with the fake Iraq war?
[edit on 30-6-2010 by inforeal]
Originally posted by Baloney
In my opinion, the Republicans sense the economic recovery beginning to to work and they FEAR it will affect the election in November.
This extension would HAVE ONLY ADDED LESS THAN .0005 % to the debt.
LESS THAN .0005!!!!
As for Pork, republicans are as guilty as democrats, when they put it in their bills.
Originally posted by PayMeh
Anyone who thinks there's even been a tick upward in the economy since the collapse need to not even worry about politics or the economy until they can understand it better.