View Poll Results: Should benefits be extended?

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  • yes

    44 42.31%
  • no

    50 48.08%
  • let them starve

    4 3.85%
  • Who cares?

    1 0.96%
  • other

    5 4.81%
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Thread: Unemployment Benefits Extension

  1. #91
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Redress View Post
    Considering the time and effort that they put into their job, they are underpaid, and yet you see this as contempt.
    Yes I do.
    Representation of the people USED to be seen as an honor, no longer, now it is a question of amassing as much power over people as is possible to get.
    It is about feathering their own nests with the best Health care plans, the best pension plans (that mean they need only serve one session and they are eligible for full pension rights).
    Now if they were to turn pass on to the Electorate the goodies they have voted to give themselves, it is likely I might have a slightly more favourable opinion of them.
    I see them putting 50% of their effort into getting re elected, 30% of their time in doing what they are paid to do, the remaining 20% is spent on swanning around the world on the Taxpayers buck.
    That is why imo they have nothing but contempt for those that elect them.
    It is my wish that every single one coming up for re-election this November is booted out of office, then and only then may Politicians realise that they are OUR REPRESENTATIVES.

  2. #92
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by jujuman13 View Post
    Possibly because they have priced themselves out of the jobs market.
    That's the way it appears to me. Our economy became falsely overestimated over the past 20 or so years, and many people have started living on credit cards and financed goods. The market needs equilibrium, and until all the bad debt just floating in the iosphere is settled and we all come to a more realistic basis of functioning in lifestyle and the overall financial sector, we will plunge deeper and deeper into debt. Our children and grandchildren will be saddled with living like paupers while the feds take increasingly more of their labor, and it will eventually result in some pretty unsettling times. All the feds are doing with all the borrowing and spending is putting off the inevitable.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
    -C G Jung

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    Re: Unemployment Benefits Extension

    Does anyone have any evidence which states that unemployment insurance generosity has a substantial negative impact on short and long term unemployment?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  4. #94
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by ptif219 View Post
    If they used pay go and paid for it, it would pass. Besides the GOP does not have the votes to stop it.
    This seems to be the elephant in the room (so to speak) that the Democrats/left elects to ignore.

    Go figure....




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    “Build a man a fire, and he'll be warm for a day. Set a man on fire, and he'll be warm for the rest of his life.”

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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Cole View Post
    This seems to be the elephant in the room (so to speak) that the Democrats/left elects to ignore.

    Go figure....




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    uhh..

    I blame Fox News.

    Rachel Maddow Show

  6. #96
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Goldenboy219 View Post
    Does anyone have any evidence which states that unemployment insurance generosity has a substantial negative impact on short and long term unemployment?
    I think generosity can have a negative impact on long term (aka structural) unemployment. I would point to Europe as an example.

    A general equilibrium search model makes layoff costs affect the aggregate unemployment rate in ways that depend on equilibrium proportions of frictional and structural unemployment that in turn depend on the generosity of government unemployment benefits and skill losses among newly displaced workers. The model explains how, before the 1970s, lower flows into unemployment gave Europe lower unemployment rates than the United States and also how, after 1980, higher durations have kept unemployment rates in Europe persistently higher than in the United States. These outcomes arise from the way Europe's higher firing costs and more generous unemployment compensation make its unemployment rate respond to bigger skill losses among newly displaced workers. Those bigger skill losses also explain why U.S. workers have experienced more earnings volatility since 1980 and why, especially among older workers, hazard rates of gaining employment in Europe now fall sharply with increases in the duration of unemployment.
    -Lars Ljungqvist and Thomas J. Sargent 2008
    http://www3.interscience.wiley.com/j...89709/abstract
    Last edited by drz-400; 06-27-10 at 03:26 PM.

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    Re: Unemployment Benefits Extension

    Quote Originally Posted by drz-400 View Post
    I think generosity can have a negative impact on long term (aka structural) unemployment. I would point to Europe as an example.



    -Lars Ljungqvist and Thomas J. Sargent 2008
    Wiley InterScience :: Session Cookies
    This is an exaggerated claim. Inflation only becomes a worry at much much lower levels.. roughly 4-5% atm unemployment is high @ 10% mainly because private enterprise is watching out for a double dip recession. Which becomes a self created prophecy when it is they don't spend to expand. UI is fine it won't cause any negative economic impact and has a stimulating effect on the economy which is desperately needed.

    It is fear mongering to say otherwise.

  8. #98
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Gabriel View Post
    This is an exaggerated claim. Inflation only becomes a worry at much much lower levels.. roughly 4-5% atm unemployment is high @ 10% mainly because private enterprise is watching out for a double dip recession. Which becomes a self created prophecy when it is they don't spend to expand. UI is fine it won't cause any negative economic impact and has a stimulating effect on the economy which is desperately needed.

    It is fear mongering to say otherwise.
    Its not exaggerated, however, I would agree that extended unemployment at this moment is a good idea. The 10% unemployment is caused primarily by cyclical unemployment. I am thinking that a large amount of those that have been laid off due to the business cycle will eventualy be rehired and are therefore classified as short term unemployed. UI will uincrease their disposable income and not only help out those people that have been hurt by the business cycle but also help fight back against it by increasing consumption spending.

    I don't know how we got on the topic of inflation, but I would agree a little inflation could help the situation right now since this would also lower the unemployment rate.
    Last edited by drz-400; 06-27-10 at 04:03 PM.

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    Re: Unemployment Benefits Extension

    Quote Originally Posted by drz-400 View Post
    Its not exaggerated, however, I would agree that extended unemployment at this moment is a good idea. The 10% unemployment is caused primarily by cyclical unemployment. I am thinking that a large amount of those that have been laid off due to the business cycle will eventualy be rehired and are therefore classified as short term unemployed. UI will uincrease their disposable income and not only help out those people that have been hurt by the business cycle but also help fight back against it by increasing consumption spending.
    Well it is legit but I think cuts to UI would be more effective in heading off that problem at much lower lvl's of unemployment. It's pretty safe to say many of the people drawing UI would rather be working for at least 2 times as much money as they are receiving. UI is not enough to get ahead it only keeps the dogs away from the door so to speak. Getting a low wage food service industry job in many cases is not an acceptable option as their debt is higher then the wage can provide effectively. America needs to develop manufacturing for export in green technologies bio tech nano tech and so on. Creating more and more low paying .. extremely low quality service sector jobs will not be sustainable, it isn't. America needs to export manufactured goods unfortunately when they try to do this they will have to find some edge they can take advantage of they will find the negative effects of a globalised labour force and have to compete with their economic slaves in China.. America is in trouble without manufacturing exports.

  10. #100
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    Re: Unemployment Benefits Extension

    Quote Originally Posted by Gabriel View Post
    Well it is legit but I think cuts to UI would be more effective in heading off that problem at much lower lvl's of unemployment. It's pretty safe to say many of the people drawing UI would rather be working for at least 2 times as much money as they are receiving. UI is not enough to get ahead it only keeps the dogs away from the door so to speak. Getting a low wage food service industry job in many cases is not an acceptable option as their debt is higher then the wage can provide effectively. America needs to develop manufacturing for export in green technologies bio tech nano tech and so on. Creating more and more low paying .. extremely low quality service sector jobs will not be sustainable, it isn't. America needs to export manufactured goods unfortunately when they try to do this they will have to find some edge they can take advantage of they will find the negative effects of a globalised labour force and have to compete with their economic slaves in China.. America is in trouble without manufacturing exports.
    I don't disagree that americas UI benefits have been historically less generous and most likely contributed little to structural Unemployment. Right now the benefits are more generous and I think when the labor market improves we should think about reducing them. Right now though, taking these extended unemployment benefits away is a terrible idea, since it is obvious many people are still suffering from the business cycle, there is a negative output gap, we have disinflation, and the feds interest rates are depressed to practically 0. I don't really disagree with you that right now they are definetly doing a lot of good.

    As far as manufacturing jobs, it all has to do with comparative advantage. Whatever we have comparative advantage in we should continue to produce. If china can manufacture stuff at a lower opportunity cost, let them, and we will specialize in something else.
    Last edited by drz-400; 06-27-10 at 04:30 PM.

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