Posted on 01/12/2014 9:00:44 AM PST by Olog-hai
A cutoff of benefits for the long-term unemployed has left more than 1.3 million Americans with a stressful decision:
What now?
Without their unemployment checks, many will abandon what had been a futile search and will no longer look for a joban exodus that could dwarf the 347,000 Americans who stopped seeking work in December. Beneficiaries have been required to look for work to receive unemployment checks.
Some who lost their benefits say theyll begin an early and unplanned retirement. Others will pile on debt to pay for school and an eventual second career. Many will likely lean on family, friends, and other government programs to get by.
(Excerpt) Read more at hosted.ap.org ...
Bring back American manufacturing.
Just saying.
Stop sending your money to China.
This is no problem for the 0bama Administration, for if 1.3 million workers leave the work force, the unemployment rate will fall from 6.7 to about 6.4, right where the Fed wants it to be before QE tapering begins in earnest. Then, all interest rates will rise and the banks make trillions on the national debt that has to be serviced.
Well, they should’ve been “Fiscally Responsible” by saving & investing no matter what so they wouldn’t be in this situation!!!
I did. I retired early & am doing fine...............
Bleak options?
To hear the media and Dems tell it, the economy is roaring like gangbusters. The unemployment percentage has dropped to 6.7%.
So, which is the lie?
You’ve got it all figured out, don’t you?
Didn’t you get the memo about Skittle-pooping Unicorns and that the sky is filled with Rainbows these days and all is well?
*SNORT*
You nailed it. That’s EXACTLY what’s going to happen. Exactly.
Left with the bleak option of getting up off their duff and actually getting a job and going to work at perhaps a lower level of pay. That’s life in a recessive economy.
How about we line up union members against the wall for starters?
“This is no problem for the 0bama Administration,”
Exactly. The more people on the government dole the better. And that is really what this is all about. A guaranteed Democrat constituency.
Put them to work filling pot holes in their community for the same amount they have been receiving. How many takers?
For most of my life, if someone didn’t have a job, it was because they really weren’t trying hard enough to get one.
Now, thanks to all these trade deals and liberal policies, we’re getting to a point where someone could have extreme difficulty finding a job capable of supporting a family, no matter their experience or education.
I’m not a “living wage” proponent, or advocating government to do anything but stop taxing and regulating the hell out of us, and stop these damned trade agreements that ship our jobs off to other continents.
All of these things are stacking up, causing the people who should be having kids not to, and the ones who shouldn’t be having kids are reproducing like wildfire.
With all the illegals we are importing, and jobs we are exporting, we’re rocketing towards being a third-world country. Some parts of the U.S. already are.
You are 100% right in that.
The problem is, the GOP is no better.
Both our parties, are selling out.
GOP wake up, and bring back American jobs. Use import duties, or any other tactic, but America needs jobs right here in America.
Everyone stop selling out.
(Grr. Sorry but it’s frustrating)
Nobody is on Americans’ side anymore. Both parties are sold out.
The rats are decimating the middle class and have already crossed the rubicon. With millions leaving the work force, the rats will claim unemployment is dropping and say the economy is getting better.
The media will jump on that, the rats will run on that and they will hold the senate in 2014.
All in time for Hillary.
Welfare?
because a billion unemployed Chinese and a Chinese govt that can’t or won’t buy US debt is not our problem...
Would a rise in interest rate apply the current debt or would it only apply to future moneys borrowed?
I'm asking because I don't know.
Where was the computer you're tying on made?
That line about abandoning their job search because unemployment checks are no longer coming in makes absolutely no sense. Unless these people want to starve or something.
If looks could kill, all ten MSNBC viewers would be dead from the look on Mika Brzezinski's face.
MSNBC: December jobs report is 'horrific, awful and ugly'
Well the last I heard the unemployment rate in China is 4.1%, significantly better than America’s.
There was a time when China was a good idea.
In my opinion that time is over.
China is becoming far too strong, and far too big a competitor, to continue to help.
America needs to recognize that things change. China owns all the factories in China. All of them.
Even those, producing for America.
Everything made in China, is bottom line, for Chinese owners. There is some western ownership, but the majority ownership is all Chinese.
China is now the largest exporter anywhere.
The world leader.
Wake up people. We have a serious challenge to our nation’s supremacy facing us right now.
America needs factories.
Now.
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