Unemployment benefits were not designed solely to combat recessions. They were designed to assist people who have lost their job through no fault of their own; You can't quit your job and draw a unemployment check.
At the state level, unemployment is an insurance pool funded buy a 3% average tax on employers. Depending how you look at it, this money is ultimately paid by the employees. To call people who are on unemployment “leeches†as was said earlier this week, is unfair.
The average length of a recession is 6 months. The state system has buffers built in for recessions but it’s doubtful anyone foresaw the size, scope and duration of the one were in now. We are in an extraordinary calamity. Everyone know it and no one knows what the outcome will be. That “26†weeks may have been enough in the past but not now.
The federal system picks up when the states’ system ends. If the federal government is printing trillions to pay for two wars and the effect of a financial system failure (to put it politely) I think they can print a few bills to float 2millon people that used to have jobs.
Tom, you haven’t been on unemployment. You haven’t had to look for a job in the last two years. I have. The job market for workers is dismal at best. I suggest you rethink your opinion considering your lack of experience on the subject.
Current Events » in reply to Re: another side to it
Re: Re: another side to it
The whole thread (38 posts)
- Ted Strickland doesn't understand
- Re: Re: Re: another side to it
- Re: Re: another side to it
- Re: Re: yet another side to it
- Re: "imagination and assumption" update
- It's painfully obvious you're running on imagination and assumption. n/t
- Re: shooting from the hip.
- You're shooting from the hip.
- Re: points are not lost
- No accusations, and your points are not lost. n/t (n/t)
- Re: another side to it
- Well, there is another side to it, of course
- Incidentally...
