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Considering how much of our economy is consumer based this should be obvious.
More consumers means more spending. By continuing unemployment benefits there will be more consumers, or at least people will be putting less on credit cards to stay afloat and still afford food and shelter.
So when jobs start coming up (which they slowly are), people are more likely to have money to spend, instead of debt to pay off to credit card companies. This will also accelerate the recovery.
So...people who are on unemployment are:
A. Paying rent or mortage and buying food while still incurring debt since thay are receiving 50% of their former income at best
So, rather than using Pay-go, we've incurred another 18 billion in debt, so that the unemployed can spend that money and stimulate the economy...which will create jobs...so they can start working again...to pay enough taxes to pay the increased debt. Yeah, that should work out well.
The problem is that the longer they keep extended this, the longer those on UE (not all, but the majority) will not even bother looking for work. Why work when they can make the same or more by not doing anything? The UE benefits should have ended awhile back and needs to quit being extended.
Quote:
Originally Posted by Chardonaye
Thank you Mr. President for thinking of those less fortunate....Again.
The measure, which would continue added unemployment benefits and other expired federal programs through May, will restore aid to thousands of Americans who had exhausted their benefits or whose eligibility was expiring. The legislation means that those out of work can receive up to 99 weeks of unemployment pay in some states. It will restore benefits to anyone who may have lost pay during a two-week interruption in the program.
Democrats said that many out of work Americans were unable to find jobs and that delaying what for some is their sole income in a political fight over spending was unconscionable. They say the money should be treated as an emergency expense.
The problem is that the longer they keep extended this, the longer those on UE (not all, but the majority) will not even bother looking for work. Why work when they can make the same or more by not doing anything? The UE benefits should have ended awhile back and needs to quit being extended.
A sympathizer doesn't provide solutions, they simply remedy short term. The motive is actually not that of helping, but one that is self focused in making the sympathizer feel good in their actions. It has nothing to do with the one in need.
The compassionate look for solutions to the problem. Rather than simply hand out short term which provides nothing of result, they seek to remedy the cause of the problem by helping the one with the need solve the problem themselves.
Some of you folks seem to think unemployment is a paid vacation. It is not. As most people spend about 80% of their current income and UI only pays, at most, 50% of the straight salary, no one is just goofing off. maybe the people that think everyone is just sitting back and vacating would do so but most of the unemployed are working very hard to be employed again.
Having been on unemployment a couple of times in my career I can tell you the insurance money did lot stop me from looking for a job as hard as possible. One reason was the Unemployment Insurance Department want proof that you are looking for work and the other reason was the unemployment barely met my mortgage, food and fuel (spent driving to job interviews not on a vacation) expenses. Those were a couple of very cash short times.
A sympathizer doesn't provide solutions, they simply remedy short term. The motive is actually not that of helping, but one that is self focused in making the sympathizer feel good in their actions. It has nothing to do with the one in need.
The compassionate look for solutions to the problem. Rather than simply hand out short term which provides nothing of result, they seek to remedy the cause of the problem by helping the one with the need solve the problem themselves.
One feels good, the other does good.
Exactly! Pity is a terrible government policy. All this does is creates a large and very government dependent class.
Some of you folks seem to think unemployment is a paid vacation. It is not. As most people spend about 80% of their current income and UI only pays, at most, 50% of the straight salary, no one is just goofing off. maybe the people that think everyone is just sitting back and vacating would do so but most of the unemployed are working very hard to be employed again.
Having been on unemployment a couple of times in my career I can tell you the insurance money did lot stop me from looking for a job as hard as possible. One reason was the Unemployment Insurance Department want proof that you are looking for work and the other reason was the unemployment barely met my mortgage, food and fuel (spent driving to job interviews not on a vacation) expenses. Those were a couple of very cash short times.
Most people are not arguing against a 26 week safety net for someone unemployed to get back on his feet. Most of us realize by now that it's unreasonable now to expect anyone to save for a rainy day, that the government must tax businesses to save this rainy day money -- it's the extensions after extensions, how many more "tiers" must this continue. After 99 months of collecting handouts, people begin to lose their work ethic, not to mention what that does for their job resume.
The problem is that the longer they keep extended this, the longer those on UE (not all, but the majority) will not even bother looking for work. Why work when they can make the same or more by not doing anything? The UE benefits should have ended awhile back and needs to quit being extended.
I approve this message a 100%. The only reason that people do not work right now is the sense of entitlement. As a nation we became lazier overnight since that so-called recession started. Wake up and smell the coffee people. It is all in our mind. Unemployment rate is nothing but a laziness index. There are plenty of jobs out there. It is just that this unemployment insurance thing makes us lazy. If not for that, we would have full employment.
Considering how much of our economy is consumer based this should be obvious.
More consumers means more spending. By continuing unemployment benefits there will be more consumers, or at least people will be putting less on credit cards to stay afloat and still afford food and shelter.
So when jobs start coming up (which they slowly are), people are more likely to have money to spend, instead of debt to pay off to credit card companies. This will also accelerate the recovery.
max benefit is 400/weekly that's 1600 a month..((((The current maximum weekly benefit rate is $405.........New York State Department of Labor - Before You Apply For Unemployment )))))))......a 1 bedroom appartment is goiing for 1400 a month........I dont see much 'consumer spending' with this UI garbage
there are plent of jobs out there.....people need to realize that the manufacturing that we USED to do. will never come back to the USA, they need to find something else........if they just think that 100k job is going to just say 'here I am'...then they got a long road in front of them
every place I look at has 'help wanted ' signs up
extending what was a 13 week benefit to 99 weeks is just stupid
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