Posted on 10/24/2010 6:13:54 PM PDT by ChicagoConservative27
(CBS) The economic jam we're in has topped even the Great Depression in one respect: never have we had a recession this deep with a recovery this flat. Unemployment has been at nine and a half percent or above for 14 months.
Congress did something that it has never done before - it extended unemployment benefits to 99 weeks. That cost more than $100 billion, a huge expense for a government in debt.
But now, for many Americans 99 weeks have passed and there's still no job in sight. Some have taken to calling themselves the "99ers."
(Excerpt) Read more at cbsnews.com ...
99 weeks of freeloading.
2011 could be an ugly year.
I personally know people who have been trying to find jobs for months with no success. I don’t think of them as freeloaders at all.
Unemployment morphing into Social Security morphing into Health care...
But Obama and the Demoncrats have a great idea. Increase TAXES and government spending!! Foodstamps and unemployment benefits are the best way to create jobs, don’t you know. Spread the wealth around!
I saw Union Construction workers with stickers on their hats that said, “Protect your Unemployment benefits, vote Democrat.”
Isn’t that a hoot? How about vote for FREAKING JOBS!!
It’s unemployment INSURANCE. When the fund runs out there should be no more money. They’re taking my tax dollars and giving it to the unemployed. Enough Marxism.
99 weeks of freeloading.
And you’re a smart ass for making a blanket statement like that.
We have more people on both that ever before - and an astronomical percentage - around 40%! - of mortgage foreclosures.
Because of food stamps, we aren't seeing soup lines and because of unemployment benefits, many were able to stay in there homes so we don't see the people, in great numbers, homeless and wondering the country in search of work, food and shelter.
Now we will start seeing people still out of work - but with no unemployment checks - no money coming in -
It's likely to get much worse before it can get turned around.
I saw it and was surprised 60 Minutes ran it this close to the election.
Just what exactly is a flat recovery? Is it kinda like a peak that has dipped?
99 weeks of handouts on the wall, 99 weeks of freebies.
Take one down and pass it around, 98 weeks of handouts on the wall.
98 weeks of handouts on the wall, 98 weeks of freebies.
Take one down and pass it around, 97 weeks of handouts on the wall.
**
All benefits paid for by US taxpayers and businesses that are taxed into the system to pay unemployment insurance.
Diamond’s Nobel winning work included:
“The work honored Monday also suggests that policies intended to help workers can have unintended consequences. Unemployment benefits, for example, can prolong joblessness by making it less costly to be without work.
“That’s a big controversy in the U.S. recently,” said Robert Shimer, an economics professor at the University of Chicago . “Most of these models suggest that even in a depressed economy, more generous unemployment benefits tend to raise the unemployment rate. Benefits are obviously good for the unemployed, but there are some clear tradeoffs.”
http://www.nytimes.com/2010/10/12/business/economy/12nobel.html
Did 60 Minutes mention it? maybe the Nobel is the reason CBS went with this story?
Har - you're kidding. Was she at least attractive? Maybe it was a selling point.
Oh I agree. I know of people who are on UE and refuse to look for a job.
hope you don’t get to find out, first hand, what it’s like to be jobless in a jobless society, Oh Vaunted One of Jackassness.
Then we will need more tax money for homeless shelters, I guess. Hope you’re never unemployed.
If you only knew.
Many are clueless to the new *freeloader* class being creating by big gubmint, it’s worked well for the socialists (democrats) for decades.
What part of the Great Society, the *Projects,* war on poverty, etc. is confusing to you?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.