thereisnospoon
Gold Member
- Apr 11, 2010
- 29,821
- 3,030
WRONG.....The extensions have been a disaster. No economic benefit long term has been realized by giving people and incentive to not seek work.Ask Obama and the Dem Senate what was so good about the Bush tax cuts, they passed it again...
ummm because the GOP threatened to not extend unemployment for working Americans which would have been disaster for our economy.
Now the other shoe has dropped. Many states are running out of have exhausted the funding for unemployment compensation. This was predicted and is the reason why the extensions were opposed in the first place.
There is no more money for this. People will just have to suck it up and take work wherever they can find it.
I find the current system to be outrageous. Up until recently, unemployment compensation had many restrictions which kept in check the ability of lazy people from quitting work to collect. In the past unemployment checks were to be picked up at the local unemployment office. With each pay day, the recipient had to show they were actively seeking work. For example in New Jersey, out of work people had to show at least 6 contacts per 2 week period in order to get their check. If they could not furnish required contacts, pay was denied. Also, no person would be eligible for compensation if they lost their job for cause. There was no quitting to collect. Also , recipients could not have any documented income. If income was discovered, benefits were denied. If later on, the Unemployment Office discovered unreported income, all monies received by the recipient were to be returned with interest and penalties.
It should still be this way because the working taxpayers should be protected from fraud and lazy people who can, but will not work.