Results 1 to 7 of 7
Like Tree2Likes

Thread: 1.3 MILLION LOSE UNEMPLOYMENT BENEFITS SATURDAY - Dems/RINOs Want Amnesty

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696

    1.3 MILLION LOSE UNEMPLOYMENT BENEFITS SATURDAY - Dems/RINOs Want Amnesty

    1.3 MILLION LOSE UNEMPLOYMENT BENEFITS SATURDAY



    by MIKE FLYNN 27 Dec 2013, 2:00 PM PDT 47 POST A COMMENT
    On Saturday, an estimated 1.3 million long-term unemployed Americans will lose their unemployment insurance benefits. For the first time since 2008, Congress failed to extend the benefits went it passed a budget just before Christmas. The Obama Administration has warned that more than 4 million unemployed could lose benefits next year unless Congress passes another extension.

    In the past, states provided unemployed workers with up to 26 weeks of benefits. At the start of the recession, the federal government provided extra weeks of assistance. During the depths of the recession, federal and state governments provided 99 weeks of cash payments. For those keeping score at home, that is almost 2 years of financial assistance. The average benefit is around $1,100 a month.
    The expiration of benefits for the long-term unemployed has already sparked a round of finger-pointing in Washington. On Friday, the left-wing Huffington Post put much of the blame on Democrats. "The record indicates that Democrats were late to show up, distracted in part by other concerns," HuffPo reported. "A month and a half before the deadline, few members of Congress or administration officials were even talking about unemployment insurance."
    Extending the benefits for another year would cost the government $25 billion. The left argues that this assistance helps the economy, by giving the unemployed cash to purchase consumer goods. The Congressional Budget Office has even estimated that extending benefits for the unemployed creates around 200,000 jobs.
    This argument is absurd. It is the fiscal policy version of the "broken windows" economic fallacy. If all my windows were broken, I would have to spend a lot of money replacing them. This would theoretically boost the economy by providing work for glaziers and other workers. This does not factor, however, what else I could have done with my money. It is likely that it could have been spent or invested far more productively than simply replacing what I already had.
    If the government wants to extend unemployment benefits for another year, it will have to borrow $25 billion. The cost of this will actually increase over time, as the government pays interest on this debt. These are resources that can't be used for anything else, whether its infrastructure improvements or tax reform.
    A bigger problem than the duration of unemployment benefits, is the number of the long-term unemployed. More than 4 million Americans looking for work have been unemployed for more than 27 weeks, beyond the time-frame of traditional unemployment insurance. The recession officially ended more than 4 years ago. Such a large number of long-term unemployed suggests deeper problems with the economy than can be fixed by simply adding additional benefits.
    Absurdly, at the same time the left is pushing for an extension of unemployment benefits, it is also pushing to hike the minimum wage. If someone has been unemployed for 99 weeks, mandating higher wages is unlikely to be of much help. Minimum wage hikes, at least at the margin, have a negative impact on job creation.
    Extending unemployment benefits may itself be counter-productive for job creation. A landmark study from Sweden found that more generous unemployment benefits increased the rates of unemployment. The relationship was very robust. Every 1% point increase in benefits increased unemployment by 5%.
    In 2007, Sweden reformed its unemployment insurance system. The government provides 60 weeks of benefits, but on a sliding scale. The longer someone is unemployed, the less they receive in assistance. This system provides a powerful incentive to find work.
    It is perhaps telling that, in 2013, we are in such a state that American lawmakers should look to Sweden for economic reforms.

    http://www.breitbart.com/Big-Governm...efits-Saturday
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  2. #2
    Senior Member vistalad's Avatar
    Join Date
    Jan 2009
    Location
    NorCal
    Posts
    3,036
    Quote Originally Posted by AirborneSapper7 View Post
    Extending unemployment benefits may itself be counter-productive for job creation. A landmark study from Sweden found that more generous unemployment benefits increased the rates of unemployment.
    The problem with this kind of analysis is that it ignores the fact that employers continue to use immigrants and illegal aliens to undercut Americans. It's absurd to expect Americans to find work, when employers so obviously prefer foreigners. Add to that the disgusting amnesty antics by 'Bamacrats and sell-out Repubs, and we get a situation where taking away unemployment benefits will leave too many Americans with no money and no prospects.

    We used to think that full employment meant an unemployment rate of approximately 5%. Now we have 'Bamacrats and sell-out Repubs pushing for amnesty and increased immigration, while more than 7% of our own people are still unemployed.
    ********************************************
    Americans first in this magnificent country

    American jobs for American workers

    Fair trade, not free trade

  3. #3
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    A new landscape for Americans losing jobless benefits

    Video at the story at the link:


    http://www.cbsnews.com/news/a-new-la...less-benefits/
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  4. #4
    Banned
    Join Date
    Jun 2013
    Posts
    8,546

  5. #5
    Banned
    Join Date
    Jun 2013
    Posts
    8,546
    Nation In Distress


    Normal Day in America, take care of everyone else and not our own. What a Disgrace!!! LIKE AND SHARE ~Ace



  6. #6
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  7. #7
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •