Jobless Benifits to be extended by 13 weeks

[AceArcher]

What do you think? 1.4 mm of government rolls by the end of the year. Scary isn't it!!


http://money.cnn.com/2009/09/22/news...ion=2009092219

[wtnhunt]

"NEW YORK (CNNMoney.com) -- More than a million people could receive an additional 13 weeks of unemployment benefits under a bill approved by the House on Tuesday.
The bill extends benefits for those living in states with jobless rates higher than 8.5%. Some 27 states, plus the District of Columbia and Puerto Rico, fall into this category. The national unemployment rate hit 9.7% in August, the highest in 26 years.
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.............................An estimated 400,000 people are expected to lose their checks by the end of this month and 1.4 million will by the end of the year, according to the National Employment Law Project. McDermott said he will push for more comprehensive legislation in the near future.
In most states, unemployed people receive 26 weeks of state-funded benefits. Depending on where they live, they could get federally funded extensions for a total of 79 weeks.
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A record 50.7% of the unemployed failed to find work within six months of receiving benefits, according to the National Employment Law Project. There are now more than six potential workers for each opening, up from 1.7 in December 2007.
"

And hear we were sold on a promise that the liberals had a plan to fix unemployment problems in this country. We heard creation of new jobs was the answer, however seems similar to the resolution to other problems, throwing money at problems and hoping they go away may be their answer.

To be honest, kind of have mixed thoughts on this topic, those folks drawing who are unable to find jobs in most cases should be helped, however not sure that continuing on down the road we are on with increasing our debt and adding more burden to those who are working and those who are sinking even though they are working is really the answer. Not sure what the answer is, but think it is only serving to add more unemployed folks out there by increasing the burden that is unfairly being placed on them.

[Gator]

"And hear we were sold on a promise that the liberals had a plan to fix unemployment problems in this country. We heard creation of new jobs was the answer, however seems similar to the resolution to other problems, throwing money at problems and hoping they go away may be their answer.

To be honest, kind of have mixed thoughts on this topic, those folks drawing who are unable to find jobs in most cases should be helped, however not sure that continuing on down the road we are on with increasing our debt and adding more burden to those who are working and those who are sinking even though they are working is really the answer. Not sure what the answer is, but think it is only serving to add more unemployed folks out there by increasing the burden that is unfairly being placed on them.

I to have mixed feelings about this. My biggest question here, and to all the other "stimulus" packages, along with the Cash for Clunkers, is where is this "money" coming from? If we are already so far in debt, how does this money come about to pay for these projects?

[stevebeilgard]

I to have mixed feelings about this. My biggest question here, and to all the other "stimulus" packages, along with the Cash for Clunkers, is where is this "money" coming from? If we are already so far in debt, how does this money come about to pay for these projects?

not to worry, gator. lord obama is printing all we need, and much more.