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Ummm...those nanny state programs ARE running out,that is the topic.
What happens AFTER.
We already know your solution, those people should simply "tough it out".
That's not MY solution (though I suspect it's YOURS). That's simply my expectation of what will probably happen (unless of course there is further help coming from the "nanny state" you folks are always complaining about).
That's not MY solution (though I suspect it's YOURS). That's simply my expectation of what will probably happen (unless of course there is further help coming from the "nanny state" you folks are always complaining about).
Ken
Actually it WAS....you wrote it....either extend unemployment benefits or tough it out.
Extending the benefits,where does the money come from?
Ah you do know don't you that the unemployment rate went UP after Reagan was elected don't you?
It was 7.5% when he took office in January 1981 and climbed to 10.8% in November of 1982 before gradually dropping back off. It didn't drop back to the pre-Reagan rate of 7.5% until mid-1984 (more than 3 years after he took office).
The United States Unemployment Rate (http://www.miseryindex.us/URbymonth.asp - broken link)
Actually it WAS....you wrote it....either extend unemployment benefits or tough it out.
Extending the benefits,where does the money come from?
Same place the rest of the money comes from. I think you should be smart enough to figure that out for yourself. It's no secret we're borrowing a lot of money right now (DUH!). Not a great solution to be sure, but it's either that or folks have to "tough it out".
Ah you do know don't you that the unemployment rate went UP after Reagan was elected don't you?
It was 7.5% when he took office in January 1981 and climbed to 10.8% in November of 1982 before gradually dropping back off. It didn't drop back to the pre-Reagan rate of 7.5% until mid-1984 (more than 3 years after he took office).
The United States Unemployment Rate (http://www.miseryindex.us/URbymonth.asp - broken link)
Ken
I believe your side keeps dragging up how unemployment is traditionally a lagging indicator...
Same place the rest of the money comes from. I think you should be smart enough to figure that out for yourself. It's no secret we're borrowing a lot of money right now (DUH!). Not a great solution to be sure, but it's either that or folks have to "tough it out".
Ken
So we borrow(more likely print) even more money....even though we cannot repay our current debts?
Haha good response, but you miss the point the Regan Administration was also heavily bogged down by unemployment throughout this first term. I'd have to believe the American Economy will still recover.
Short of being a history revisionist, you must admit Regan used government spending and deficits to get out of the mess he was placed in following the Carter Administrations intervention into energy prices. Which if you want to make comparisons is exactly what the Obama adminstration is doing. Government has consistently increased under each presidency, so i would not expect it to change anytime soon. Not to mention Regan walked into a less serve economic downtown.
I believe your side keeps dragging up how unemployment is traditionally a lagging indicator...
Absolutely, what's your point?
Ken
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