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Unemployment Goes Broke in Texas
KTEN.com ^ | 7/16/2009 | Deeda Payton

Posted on 07/16/2009 8:14:55 PM PDT by dragnet2

Bad news for the unemployed, Texas' unemployment fund will be empty by next week.

People who have been out of work for 59-weeks or more and are eligible for the additional 13 weeks of unemployment benefits are the only ones who will be affected.

That amounts to about 15-thousand people statewide. Those 15,000 in the extended benefits program will not get a check until the money comes back from the department of labor.

The Texas Workforce Commission's has already taken out interest-free loans from the Department of Labor to keep paying the regular unemployment insurance.

Bottom line, if you're one of the 822,000 Texans claiming unemployment, just hang in there.


TOPICS: Front Page News; News/Current Events; US: Texas
KEYWORDS: bhoeconomy; economy; texas; unemployment
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To: dragnet2

Something that is rarely reported is that the funds for ‘unemployment’ are based upon a fee/tax imposed upon the employer!

While I don’t recall any posters here saying such, there are many who have the thought that “...it’s my money, I paid into it.” I don’t know of any state where the employee directly contributes to the state fund. (though there could be)

I’ve seen mention in the past months of the need for states to increase this business cost due to their declining fund balances.

This is an often unreported tax while government increases other business taxes. (I’ve yet to see the government’s ‘handling’ fees reported)

From my experience, one factor as to the amount that a business is levied is dependent upon their history of layoff and the number which they layoff (permanent or temporary).


81 posted on 07/19/2009 11:11:05 PM PDT by This_far
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To: fortheDeclaration

LOL!


82 posted on 07/19/2009 11:14:01 PM PDT by dragnet2
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To: dragnet2
At what point does receiving unemployment become welfare in your opinion?

That's a hard calculation. It depends on the difference between what you actually earned while employed and what you would have earned in the absence of unemployment compensation, converted to a free market unemployment insurance policy payoff.

Since there's no market in free-market unemployment insurance policies, I guess we're SOL on determining the amount.

Why not simplify life by eliminating both unemployment compensation and unemployment 'insurance' payments? That way, you don't spend your whole paycheck, but instead, you save some of it. Then, if you get fired, you live off your savings (ideally, the income from same) until you find a new job (assuming you want one).

My advice to Texas: do nothing and blame it on Zero.

83 posted on 07/19/2009 11:14:16 PM PDT by cynwoody
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To: fortheDeclaration
They need to find a job.

Are you suggesting there are plenty of jobs, and these *millions* of people out of work, are simple not looking hard enough?

84 posted on 07/19/2009 11:19:12 PM PDT by dragnet2
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To: dragnet2

Sam Kinison figured it out.


85 posted on 07/19/2009 11:24:24 PM PDT by Republic of Texas (Socialism Always Fails)
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To: cynwoody
Why not simplify life by eliminating both unemployment compensation and unemployment 'insurance' payments? That way, you don't spend your whole paycheck, but instead, you save some of it. Then, if you get fired, you live off your savings (ideally, the income from same) until you find a new job

Lemme see if I got this right.

Save some of your paycheck each week so if you're laid off like millions of others, you can pay your mortgage, car payments, medical expenses, gas, insurance bills, food bills, utility's etc?

You're joking right?

Even if you put away say, $8,000 per year for the "chance" of being laid off, how long with that last in todays world?

8 weeks? lol..

I don't think you understand.

Most working class folk are living 1 or 2 paychecks from the street, they're wages have been stagnate for years now, as they've watched they're hours get cut, benefits eliminated or reduced, while the price of everything just keeps going up.

86 posted on 07/19/2009 11:34:44 PM PDT by dragnet2
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To: cynwoody

One other thing, even *with* unemployment, it’s only a fraction of what most made while working...Many of these people are losing their butts after being laid off...Many are now losing their homes, not because of the housing market, nothing to due with sub-prime etc...But because they *lost* their jobs and work income and now find themselves with substantially less money.


87 posted on 07/19/2009 11:41:25 PM PDT by dragnet2
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To: dragnet2
Most working class folk are living 1 or 2 paychecks from the street, they're wages have been stagnate for years now, as they've watched they're hours get cut, benefits eliminated or reduced, while the price of everything just keeps going up.

I was just trying to identify the boundary between insurance and welfare (question raised by a previous poster). Your pay is reduced because your employer is required to contribute to the unemployment system. But if you get fired, you are entitled to collect accordingly. If your collections go beyond what a rational insurance policy would pay, then they cease to be insurance and become welfare (accompanied by corresponding loss of face to you).

When the government gets involved, that boundary ceases to be rational and becomes a political football. That's why our health care system is such a mess.

88 posted on 07/19/2009 11:52:13 PM PDT by cynwoody
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To: cynwoody
Your pay is reduced because your employer is required to contribute to the unemployment system.

No, that's not why most wages have stagnate for years now, nor is it the reason why people have lost their jobs, homes, had their wages slashed, hours slashed, med benefits slashed or eliminated... That has little or nothing to do with it.

89 posted on 07/19/2009 11:58:48 PM PDT by dragnet2
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To: cynwoody

I’ll tell ya what is causing this economic meltdown, and it’s not because employers pay into unemployment...Tomorrow...Gotta run now.


90 posted on 07/20/2009 12:03:07 AM PDT by dragnet2
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To: dragnet2
Are you suggesting there are plenty of jobs, and these *millions* of people out of work, are simple not looking hard enough?

I am not 'suggesting' anything.

There are jobs out there if you are willing to work.

No one should be unemployed for a year, if he is, he just isn't looking hard enough or won't take a job that he thinks he is too good for.

Is that clear enough for you?

91 posted on 07/20/2009 11:10:26 PM PDT by fortheDeclaration ("Our constitution was made only for a moral and religious people".-John Adams)
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To: fortheDeclaration
They need to find a job.

Are you suggesting there are plenty of jobs, and these *millions* of people out of work, are simple not looking hard enough?

I am not 'suggesting' anything.

Of course you are.

There are jobs out there if you are willing to work.

And here it is right here. You're clearly suggesting that millions now out of work, are somehow unwilling to work.

Tell me slick, what do you think all these jobless millions were doing before they lost their jobs?

You think when hundreds of thousands lose their jobs, that somehow, hundreds of thousands of jobs suddenly appear?

Got news for ya, it don't happen like that.

92 posted on 07/20/2009 11:21:58 PM PDT by dragnet2
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To: dragnet2
[They need to find a job.]

Are you suggesting there are plenty of jobs, and these *millions* of people out of work, are simple not looking hard enough?

[ I am not 'suggesting' anything.]

Of course you are.

No, I am not 'suggesting' anything, I made it very clear.

There are jobs out there if you are willing to work.

And here it is right here. You're clearly suggesting that millions now out of work, are somehow unwilling to work.

And again, I am not 'suggesting' anything, I made it very clear, that is exactly what they are doing.

Tell me slick, what do you think all these jobless millions were doing before they lost their jobs?

Gee, I guess they were working OVER A YEAR AGO.

It must be nice to have a YEAR VACATION.

You think when hundreds of thousands lose their jobs, that somehow, hundreds of thousands of jobs suddenly appear?

There are jobs out there, just ones that people don't want to do.

Got news for ya, it don't happen like that.

It doesn't?

There is always a job or if necessary take two part time jobs if a person is willing to work.

But why bother if you are getting a nice check every two weeks-slick.

93 posted on 07/20/2009 11:34:48 PM PDT by fortheDeclaration ("Our constitution was made only for a moral and religious people".-John Adams)
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To: fortheDeclaration
No, I am not 'suggesting' anything, I made it very clear.

Based on your own words, you're FOS

You've suggested these people that are losing their jobs by the *millions* are lazy and just don't want jobs, you have even stated if people are off work too long, they are somehow the same as those that have never worked a day in their lives, and have been collecting welfare for many years, sometimes generations.

And now you say people that have been off work for long periods are enjoying VACATIONS? wow...

Are you really this stupid? Or do you just play the stupid role?

Many of the millions that have lost their jobs, are now losing **everything**, even their GD homes, losing their good credit, losing their investments, medical benefits, etc....

And you sit there on your stinking computer, suggesting these people are just lazy and don't want to work, suggesting they're enjoying vacations, and have been off work too long?

How GD stupid are you?

You too freaking stupid to realize they were working and supporting their families before all this sh*t happened?

Then you come along telling these people their too lazy to work?

To be honest, I'd like to stick you inside a room with a few hundred people that have lost it all, jobs, careers, homes, investments, medical etc.

I'd pay to watch that.

94 posted on 07/21/2009 8:34:40 AM PDT by dragnet2
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To: fortheDeclaration
But why bother if you are getting a nice check every two weeks

A nice check?

Good Lord, you are stooopid.

Many of these people wages have been stagnant for years, had their hours cut, schedules reduced, *before* losing their freaking jobs, and now are collecting a *FRACTION* of what they once *earned* while *working*.... causing them to go belly up financially, losing *everything*.

You think this is all a made up phony ruse, and it's not really happening, and these extensions for benefits are all because these people are lazy and having a grand ol time collecting a fraction of what the use to make working, while they lose everything?

Whoooa

You, sit on the sidelines, suggesting these people are living it up, kicking back and collecting nice checks every week? You have not a clue here, and clearly don't live in the *real* world.

You think all these people that are losing everything are all single 19 year olds that live at home with mom and daddy? Are you this stupid?

What world do you live in?

95 posted on 07/21/2009 8:52:07 AM PDT by dragnet2
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To: null and void

Is that available as a bumper sticker?


96 posted on 07/21/2009 8:58:17 AM PDT by EdReform (The right of the people to keep and bear Arms shall not be infringed *NRA*JPFO*SAF*GOA*SAS*CCRKBA)
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To: EdReform

It is if you print it out on bumper sticker stock...

(I haven’t copyrighted it because I want it to have wide currency)...

Foreign born leaders start wars:

Napoleon
Hitler
0bama (?)


97 posted on 07/21/2009 9:02:45 AM PDT by null and void (We are now in day 182 of our national holiday from reality. - 0bama really isn't one of US.)
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To: dragnet2

I know people here in Arizona who are over the 52 week period and now the Obama 13 week benefits have kicked in BUT, when on this the people to receive the benefits are not getting them. They have been filing the weekly claim and turning in their work search logs BUT they have gone several weeks without getting paid and there is NO phone number to call as everything is done by mail.


98 posted on 07/21/2009 9:11:59 AM PDT by hsmomx3 (GO STEELERS!!!!!!!!!!!!)
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To: hsmomx3
The EDD, or unemployment was not ready for so many filing over the past year and a half or so. In some regions, it's so bad, it takes hours or days just to get through on the phone, and they are urging people to apply on line, if they can still afford their Internet service provider monthly bill.

Many are now reaching the end of their benefits...A bleak picture at best.

99 posted on 07/21/2009 9:22:59 AM PDT by dragnet2
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To: dragnet2

I was at the one year mark a week ago. It took me over 4 hours to get to a live person. The instructions are not clear with regard to applying online, and you have to call on the phone when you are at the one year mark.

So many people continue to get laid off.


100 posted on 07/21/2009 9:25:08 AM PDT by hsmomx3 (GO STEELERS!!!!!!!!!!!!)
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