Missouri Sends Message to Feds: 34,000 To Be Cut From Unemployment Benefits

Author: Mac Slavo- April 4th, 2011
11 Comments

As the Federal Reserve lends billions to the richest and largest financial institutions in the United States (and abroad according to a recent court ordered document release), those most affected by our modern day depression are being driven into poverty.

As we pointed out in Here Comes the Sledgehammer, austerity measures are by all measures inevitable because over bloated local, state and federal budgets have reached a breaking point. http://www.shtfplan.com/headline-news/h ... r_11102010

The latest example comes from Missouri, where the republican-led state Congress has taken steps to cut off unemployment benefits to thousands of workers laid off at the onset of the recession: http://www.huffingtonpost.com/2011/03/3 ... 43291.html

Thousands of people in Missouri who have been unemployed for more than a year soon will lose their jobless benefits, marking a significant victory for Republican fiscal hawks who are crusading against government spending.

When eligibility ends Saturday, Missouri will become the only state to voluntarily quit a federal stimulus program that offers extended benefits. Michigan, Arkansas and Florida also recently took steps to cut back on money going to the unemployed, although they targeted state benefits instead.

“We have to take a stand and say, `When is enough enough?’ and send a message to the federal government, and hopefully shame them into doing the right thing and quit spending money that they don’t have,â€