another extension?...

[usafk9]

It was directed at Wandering fool, LOS, not you.

How much profit is left to tax, WF, if that shop owner pays into a fund that may never get tapped by his or her employees?

Also, your theory fails to portray a significant per centage of UI benefits recipients who continue to work, but for all cash.

Nice theories, but partially flawed...and a little too Utopian.

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[Pilgrim]

Just a few factiods about unemployment insurance:

The state foots the bill for 26 weeks; after that the Feds take over. That's the issue they're voting on right now in DC - the Federal "emergency" funding.

Using OH as an example; (although they payments vary widely among the states) OH pays $524 per week. That's equivalent to just over $13 per hour based on a 40-hr week. Many states are much lower than that, and I'm surprised there hasn't been legislation or an executive order to make all states pay the same rate. Why shouldn't all the states pay the same as Rhode Island - $600.

Maximum Weekly Unemployment Compensation By State - 2013

In the Obama economy a job that pays that much and offers 40 hrs is hard to find. Many college grads - among them single parents - are working retail part time for $8-9 per hour. Try making ends meet with that income. This is all part of the "fundamental change" that Barack Hussein Obama promised us in his first campaign: govt dependence and economic mediocrity for all - it's called "fairness", AKA SOCIALISM.

 

[davekc]

As mentioned, if unemployment stimulates the economy as suggested, would the economy improve if more people were on it? Just not how it works. Some money gets moved around, but in reality it is very little.
What are we doing? We are borrowing from our kids or future generations. We don't have the money for this next round of unemployment benefits. So, we are going to borrow it. That is where your 17 trillion dollars of debt comes from.

 

[RoadTime]

lady they used as 1 example in that story...poor girl had to turn down the heat and wear a sweater around the house...My Gawd...them are taxpayers dollars you have NO right to be comfortable!!!

I put on a sweater tonight instead of turning up the heat. I call that simple economics

 

[WanderngFool]

Judging by the posts here, is this the Outrage Du Jour?

 

[highway star]

Judging by the posts here, is this the Outrage Du Jour?

Yes. There are so many outrageous things with this administration that dealing with one per day works out about right.

 

[skyraider]

I would suggest the government by up all those Penske trucks that you all love to see and put drivers in them to do expediting,,,knew you all would love that idea.

 

[asjssl]

What about all these people who are going to get extended unemployment because the government was not doing anything as these banks dam near bankrupted this country..they had jobs..they had savings.....they did there part..government did not ...just a thought

 

[xiggi]

What about all the people who had no savings
. financed things they knew they couldn't afford, spent more than they earned, refused to take jobs that paid less than unemployment and now may get extended benifets.

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[asjssl]

What about all the people who had no savings
. financed things they knew they couldn't afford, spent more than they earned, refused to take jobs that paid less than unemployment and now may get extended benifets.

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Good point and there's a lot of em...I was just expressing a thought..there does have to be an end and some point....
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[davekc]

What about all these people who are going to get extended unemployment because the government was not doing anything as these banks dam near bankrupted this country..they had jobs..they had savings.....they did there part..government did not ...just a thought

Government did too much with their "everyone must be able to own a home". Through the Clinton administration they changed the underwriting of loans through Fannie & Freddie. That forced banks to write loans on for people that didn't come close to qualifying.
You had people on tv home programs with a couple making 40k buying a half million dollar home with zero down.
Bush tried to shut it down but couldn't get a democratic Congress to go along.
"Those bad republicans forcing poor people out of their houses".
Banks were on the hook with these poor loans so they packaged the "luzer" loans together and sold them. Bad news is they weren't worth anything, thus the collapse of the banking industry.
Government shouldn't have been involved, and banks were deceptive in trying to sell investments that weren't worth anything.

 

[layoutshooter]

Government did too much with their "everyone must be able to own a home". Through the Clinton administration they changed the underwriting of loans through Fannie & Freddie. That forced banks to write loans on for people that didn't come close to qualifying.
You had people on tv home programs with a couple making 40k buying a half million dollar home with zero down.
Bush tried to shut it down but couldn't get a democratic Congress to go along.
"Those bad republicans forcing poor people out of their houses".
Banks were on the hook with these poor loans so they packaged the "luzer" loans together and sold them. Bad news is they weren't worth anything, thus the collapse of the banking industry.
Government shouldn't have been involved, and banks were deceptive in trying to sell investments that weren't worth anything.

Then you have the "double wammy" this intervention caused. When the housing market fell apart it caused a lot of seniors to lose most everything they had. Their houses were paid off, but worth nothing. Their savings got wiped out. Many who were planning on retiring, can't, they are starting over when they are in their '60's and '70's. That is not allowing room for younger workers to enter the work force.

Then, they have gutting SS and that is no longer worth much as they plan on cutting it. That will, again, make it hard for older people to vacate jobs for the next generation.

Everything we see, all these problems, are a result of government sticking it's nose where it had no business to be.

 

[davekc]

Then you have the "double wammy" this intervention caused. When the housing market fell apart it caused a lot of seniors to lose most everything they had. Their houses were paid off, but worth nothing. Their savings got wiped out. Many who were planning on retiring, can't, they are starting over when they are in their '60's and '70's. That is not allowing room for younger workers to enter the work force.

Then, they have gutting SS and that is no longer worth much as they plan on cutting it. That will, again, make it hard for older people to vacate jobs for the next generation.

Everything we see, all these problems, are a result of government sticking it's nose where it had no business to be.

That is the problem. Too much government and "free stuff". SS and medicare are turning into problems because we are now robbing those programs to pay for Obamacare.
It will be the same for medicaid. That is why many states opted out. The program is expanded in states that wanted the immediate handout (more free stuff) for three years subsidized by the Feds. At the end of three years, states that have their own program will receive little money.
States will then say they are broke and have to raise taxes to continue that program.

 

[layoutshooter]

It is a mess. There may be no good way out. Years of government corruption, over taxation and over spending are catching up.

 

[runrunner]

Sorry but you are just so wrong. It is not 350.00 additional money in the system its just shifted from one person to another. Its like the false broken window theory some push. Also in a previous post you claimed it costs us little which again is a misguided conclusion.

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Yes, it is shifted from one person to another,but it keeps us out of depression. The buck keeps turning and feeding the economy.

 

[OntarioVanMan]

Yes, it is shifted from one person to another,but it keeps us out of depression. The buck keeps turning and feeding the economy.

one person spends $350 I don't see your logic Two people cannot spend the same $350 I give you $350 and you spend it I don't ..how is that helping?

 

[runrunner]

Maybe these programs that help our unemployed and disabled are not the reason for over taxation ,maybe the reason for over taxation is supplying arms to foreign countries and other worthless spending that goes on.

 

[davekc]

Yes, it is shifted from one person to another,but it keeps us out of depression. The buck keeps turning and feeding the economy.

And that would be wrong. You are borrowing and printing money for that $350 that your kids will have to pay back. That is why we are 17.3 TRILLION dollars in debt.
But you are correct in that we waste money like crazy on foolish programs here and abroad.

 

[layoutshooter]

Maybe these programs that help our unemployed and disabled are not the reason for over taxation ,maybe the reason for over taxation is supplying arms to foreign countries and other worthless spending that goes on.

I think you will find that close to 60%, or more, of the spending is on social programs. None of those programs are working.

As for the other spending, using the arguments being presented, IF we buy arms from a company, it employs people to build them, so, it's the same thing, only they are working instead of sitting on their butts doing nothing.

Defense spending accounts for about 19% of spending according to this article. For what it is worth.

http://www.cbpp.org/cms/?fa=view&id=1258

 

[runrunner]

Ok,I give up, let's tell our government to cut all unemployment benefits,welfare,food stamps,everything,lets not help any of our citizens. You think crime is bad now,people are going to be desperate to feed there families. Talk about homeless,just think about how many there will be. Crimes will skyrocket. Most don't like panhandlers now,well just wait,there won't be one on every corner, there will be twelve. Did I mention the fact that those who do have jobs or run a business won't see any decrease in taxes,they will still need that money for there more important matters,like new Data centers to store your phone records and emails.Oh, and don't try to tell me it won't happen because those people will just be forced to go to work,where are the jobs?