Thread: Over 1 Million Lose Unemployment Benefits – Hits 5 Million By End of 2014

Over One Million Lose Unemployment Benefits – Will Hit Five Million By End of 2014

Posted By Mac Slavo on Dec 29, 2013 in Articles, Big Brother, Big Government, Economy, News, Politics, US News, Welfare | 9 Comments



Earlier this year government benefits for nutritional assistance were reduced after the expiration of emergency legislation that was enacted following the 2008 financial collapse. Nearly all of the 48 million people receiving food stamp distributions were affected. The move led to warnings from food pantries and recipients around the country who said that the $40 billion in cuts would leave many American families without the ability to put food on dinner tables across America. According to Feed America, the roughly $29 per family that would no longer appear on their EBT cards will amount to about 1.5 billion meals in 2014.
But that was just the beginning.

Because the government now claims that we are in a period of economic growth we will see more cuts to emergency assistance over the course of the next year.

And it starts today.

As of midnight Saturday some 1.3 million Americans who lost their jobs in the last two years and were left with no choice but to collect unemployment benefits due to the worst jobs market since the Great Depression have now seen their benefits expire.

Long-term unemployment benefits for 1.3 million Americans expired Saturday after Congress failed to pass an extension.

Reinstating those benefits is expected to be one of the first priorities for congressional Democrats in the new year.

“Extending unemployment insurance is the right thing to do for millions of Americans who are trying to support their families,” Democratic National Committee chairwoman and Florida Rep. Debbie Wasserman Schultz said in a statement Saturday. “What makes matters worse, the loss of benefits comes just a few days after the holidays.”
CNN
…
“This morning, the President placed separate telephone calls to Senator Jack Reed and Senator Dean Heller to offer his support for their proposal to extend emergency unemployment benefits for three months,” White House Principal Deputy Press Secretary Josh Earnest said in a statement.

“The President said his administration would, as it has for several weeks now, push Congress to act promptly and in bipartisan fashion to address this urgent economic priority.”

Obama says the abrupt cut-off in cash assistance during the holidays will hurt economic growth and jobs.
Fox News

Here’s the kicker. By the end of 2014 the number of Americans who will lose access to long-term unemployment benefits will be five times higher:

By July, another 1.9 million people will get the boot from extended benefits. By the end of 2014, 1.6 million more will be kicked off, totaling about 5 million Americans.
Bloomberg

Five millions Americans will be losing access to what essentially amounts to their paycheck. And we’re not talking about a $29 cut to food stamps. We’re talking about a mortgage payment, a healthcare payment, and funds to pay for essential utilities.

All of it will be vaporized by the end of the year. This will affect not just those five million people, but their dependents as well, which amounts to at least an additional 5 – 10 million people.
Congress and the President propose to extend these benefits for another three months, and most would suggest that this will avert the emergency.

That notion is laughable.

What happens after we kick the can down the road for another three months? Will President Obama somehow magically create 1.3 million shovel-ready jobs?

The problem is that there are no meaningful jobs available. So you can extend these benefits for six months, or even two more years, and we’ll be right back where we started once they expire – perhaps even worse off as prices for everything from food to utilities to health care rise unabated.

When a DHS Insider warned recently of a crisis of unprecedented magnitude within the United States he noted that we are in the midst of a long-term economic collapse.

Given what is transpiring around us, can anyone honestly say that our economy is actually recovering?

President Obama claims that failing to extend the unemployment benefits for these 1.3 million people will hurt economic growth and jobs. He has just broadcast the severity of the situation we face.

It should be clear that without government intervention and backroom machinations the entire system will come unglued. Stocks would crash, millions would be starving in the streets, and the violence that the Department of Homeland Security and US military have been preparing for would take hold across the streets of America.

That may sound sensational, but consider that just one week ahead of the cut to food stamp benefits of $29 per family the Department of Homeland Security spent $80 million to beef up security in New York City with the expectation that those who lost their benefits would start rioting. They know that we are rapidly approaching a breaking point, otherwise why would they be preparing for it?

The government has no choice but to keep pumping out money and emergency assistance, whether that be to people who have lost their jobs or the banks that provide the lending. The second (literally) that they pull back on the monetary, financial and economic intervention we will see a catastrophe that few can imagine.

It’s coming.

If you’re paying attention you can’t go a day without seeing the signs.

The only question is: Are you prepared for when it happens?

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http://freedomoutpost.com/2013/12/on...lion-end-2014/

Over One Million Lose Unemployment Benefits – Will Hit Five Million By End of 2014... As of midnight Saturday some 1.3 million Americans who lost their jobs in the last two years and were left with no choice but to collect unemployment benefits due to the worst jobs market since the Great Depression have now seen their benefits expire.

A Nation of Broke Asses watches 11 - 35 Million Illegal Aliens getting benefits as their own benefits get cut ... whodathunkit

http://www.alipac.us/f9/1-3-million-...mnesty-294650/

Jedi Mind Trick? Pelosi Says Extending Unemployment Benefits 'Could Produce As Many As 300,000 Jobs'

Video at the Page Link:

Mike Miller
On December 29, 2013
http://mikesright.wordpress.com/

Extended unemployment benefits ended Saturday for roughly 1.3 million people as Congress allowed the program to expire. As to be expected, each side blamed the other. Then, of course, there was Nancy Pelosi.

As reported by The Hill, Democrats — angry that an extension wasn’t included in the recently-enacted budget agreement — have vowed to make the benefits the first item on their 2014 agenda.

Republicans contend that lawmakers would better serve their constituents by directing their efforts to other job-boosting areas, especially given that a year-long unemployment extension comes with a $26 billion price tag. They also are waiting on Democrats to put forward a specific plan.

Meanwhile, House Minority Leader Nancy Pelosi went all Nancy Pelosi, repeating her oft-made claim that, in effect, the more people that are unemployed in America, the better it is for the economy. Here’s San Francisco’s finest, Friday:

“Starting tomorrow, too many American families will face the New Year with uncertainty, insecurity, and instability as a result of congressional Republicans’ refusal to extend critical unemployment insurance. … Every dollar invested in this initiative yields $1.52 in economic growth, and an extension of UI could produce as many as 300,000 jobs.”

While Pelosi’s claim is obviously based on this recent CBO report, economists such as Arthur Laffer disagree, saying reducing the incentive of unemployed Americans to find work hurts the economy in the long run. I’m with Art on this one.

http://www.ijreview.com/2013/12/1047...y-300000-jobs/

“Starting tomorrow, too many American families will face the New Year with uncertainty, insecurity, and instability as a result of congressional Republicans’ refusal to extend critical unemployment insurance. … Every dollar invested in this initiative yields $1.52 in economic growth, and an extension of UI could produce as many as 300,000 jobs.”

Originally Posted by HAPPY2BME

“Starting tomorrow, too many American families will face the New Year with uncertainty, insecurity, and instability as a result of congressional Republicans’ refusal to extend critical unemployment insurance. … Every dollar invested in this initiative yields $1.52 in economic growth, and an extension of UI could produce as many as 300,000 jobs.”

The woman is an IDIOT and that's putting it mildly... she's either on Med's saying this Mind Numbingly Stupid Shit; or she needs to get back on them as soon as possible to keep from saying Mind Numbingly stupid SHIT

PROGRESSIVES = SOCIALISTS = COMMUNISTS = LEFT-WING RADICALS = ANTI-CAPITALISTS = UNAMERICAN