Posted on 02/16/2012 8:46:50 AM PST by tobyhill
Relieved congressional bargainers say they've reached agreement on compromise legislation extending payroll tax cuts and benefits for the long-term unemployed through 2012, edging a white-hot political battle a major step closer to finally being resolved.
Rep. David Camp, R-Mich., and Sen. Max Baucus, D-Mont., the two top negotiators, strode from a conference room minutes after midnight Thursday to say that only technical issues and the drafting of legislative language remained. The bill would assure a continued tax cut for 160 million workers and jobless benefits for several million others, delivering top election-year priorities for President Barack Obama.
"It's a very good deal for the country," said Baucus, who chairs the Senate Finance Committee.
(Excerpt) Read more at cbsnews.com ...
What they may try to pull is increase the participation rate from the current record low to equal the numbers of new filings to give an illusion everything is fine.
So, you can expect to collect Unemployment Benefits for 39 weeks (just short of 10 months); now we want to extend this to ANOTHER 73 weeks, thus giving every unemployed worker a total of 112 weeks to find another job? That's over 2 years of living off the taxpayer, will looking for another job.
Please cite a link for that claim. I ask because that is not stated in the article.
I really am running out of ways to repeat the same thing over and over.
A common misperception here- companies pay 100 % of unemployment premiums- workers pay nothing. Check your paystubs if you don't believe it. To call it welfare isn't accurate; but to say you paid into it isn't either.
The company you worked for paid for you, and will continue to pay in increased premiums, as long as you draw unemployment, and for quite a while after. Unemployment is an employee benefit, paid for by the company.
An example of how OWS did its intended job in preparing the battlefield. Pubbies turned jelly-kneed at the thought of facing “the 99%” if they opposed this.
The Texas Workforce Commission that I just called. Now call yourself.
BTW, that’s the reason it’s costing an ADDITIONAL $100 billion. If it was as you claim then it would actually save money from what the previous estimates were.
Why do we bother with foreign aid at all? We can just put everyone in the world on US welfare, since no one ever has to prove citizenship to get their "free" money.
You all are driving me nuts!
Unemployment compensation is not welfare.
When you lose your job of 25+ years, you DO NOT have to take a job for less money than what you were paid at your previous job. The chances of one finding another job at your last rate is slim to none, especially for someone over 50, as indicated many times over by others.
So, my point, ease off on the folks over 50, they deserve a rest. They’ve worked hard, and if they are milking the system, so what, they paid into it.
You’re right.
You all are driving me nuts!
Unemployment compensation is not welfare.
When you lose your job of 25+ years, you DO NOT have to take a job for less money than what you were paid at your previous job. The chances of one finding another job at your last rate is slim to none, especially for someone over 50, as indicated many times over by others.
So, my point, ease off on the folks over 50, they deserve a rest. They’ve worked hard, and if they are milking the system, so what, they paid into it.
You all are driving me nuts!
Unemployment compensation is not welfare.
When you lose your job of 25+ years, you DO NOT have to take a job for less money than what you were paid at your previous job. The chances of one finding another job at your last rate is slim to none, especially for someone over 50, as indicated many times over by others.
So, my point, ease off on the folks over 50, they deserve a rest. They’ve worked hard, and if they are milking the system, so what, they paid into it.
Then why is it costing taxpayer's $100 billion?
This is bad economics, but good politics....for the short term.
Too many voters can’t or won’t see past the bumper-sticker to understand the economics.
Better to take the club from Obama’s hand and live to kick him out of office, to more effectively resolve the problem.
I have no clue, I was not an economics major.
Methinks something else was snuck into the bill they’re not telling us???
And I agree too.Fortunately,I am self employed and still have enough work. We are an industrialized nation that is going broke. People can’t just go home and “live on the farm” like many could do during the depression. There aren’t enough cars to wash, or bathrooms to clean to employ all the people out of work. It’s true that there are those that milk the system, but for the most part, people who have to use unemployment benefits would rather not be having to do so. Maybe I’m not “conservative enough” on this issue, but I really believe that helping folks survive by unemployment benefits is one of the more legitimate uses of our tax dollars. I can think of a lot of other things and agencies that could be defunded to help fund unemployment benefits.
Actually won’t that put people back on the unemployment list and increase the denominator and make the unemployment rate higher by the election?
I mean this will make the disappearing people reappear
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