Unemployment benefits extension clears hurdle

Small business owners can't collect UBs, either. At least they aren't supposed to. I'm not sure how closely the state unemployment personnel (as astute as they are) actually check those things.

Still, it's kind of a shame that a once thriving restaurant owner can't legally collect a dime as he keeps his doors open and tries to survive...while others collect apparently non-ending benes from Suga Daddy O.
 
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Quote from TGregg:

JFC. Two and a half years. And when that gets close, why bother trying to get a job, another extension is just around the corner. 99 40 hour weeks is almost four thousand hours.

Man, I have news for all you deadbeats. If you've been sitting on your ass for two years, a lot of employers will consider you a lazy SoB and expect you will continue to sit on your ass doing nothing after they hire you. Might as well vote democrat and keep the extensions flowing, `cuz you know that life is going to seriously suck when it all ends.
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Quote from toc:

You see the problem is a person making $50K does not want to work $10/hour jobs and fear that he/she might get trapped in that. So government is coddling them with extension of the benefits hoping that 6 months down the road economy will be able to accomodate them in regular $50K jobs.

On the other side, this $30B is another stimulus because as soon as these recipients get their checks they will spend it and put the money back to work in the economy............. all the while without big social unrest and another big wave of foreclosures and bankruptcies.


The question is how many stimulus after stimulus can the US economy sustain before it becomes a game of 'printing dollars against the clock'. :confused:
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This is from the recent article on unemployment benefits:

If all goes as expected, about 2.5 million people will receive jobless benefits retroactively, injecting almost $3 billion into the economy once they're paid out. Instead of being dropped from a federal program that extends benefits for those whose six months of state-paid benefits have run out, millions of others will continue to receive payments that would help prop up consumer demand to the tune of about $30 billion more over the coming year.



As you can see its all about stimulating the economy, its just another way of creating demand in a tired worthless economy. Its all about creating an illusion of a strong economy.
 
We'll soon have a new job title to use on resumes for those questionable jobless periods: UBCWNE (Unemployed Benefits Collector Waiting for Next Extension).
 
Quote from MKTrader:

We'll soon have a new job title to use on resumes for those questionable jobless periods: UBCWNE (Unemployed Benefits Collector Waiting for Next Extension).
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Lol :D Let's hope we don't get to write that on our resume :) And let's hope that this brings in the effect that it aims for. And again hope that the people on the receiving end would learn to use this time wisely and find themselves a job so that they can resign from being UBCWNE.

Sigh... all we can do is hope.
 
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