View Poll Results: What should be done about unemployment benefits?

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  • Extend them through deficit spending

    14 21.54%
  • Extend them, but pay for them with unpaid stimulus/tarp funds

    19 29.23%
  • Don't extend them, it is unregulated welfare

    22 33.85%
  • Other, Explain:

    8 12.31%
  • Don't you touch my unemployment benefits!!

    2 3.08%
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Thread: Unemployment benefits: who's right?

  1. #21
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by Whovian View Post
    Does anyone agree with outgoing Speaker Pelosi on this statement today?
    ...unemployment insurance grows the economy and creates jobs.
    Depends on the circumstances. Ordinarily, no, it doesn't create jobs because it discourages people from working. But when unemployment is above 9% that's really not a problem. There are plenty of people who want to work who can't find jobs. So unemployment insurance will increase their purchasing power which will stimulate the economy, without as many of the typical negative effects (discouraging productivity).

    Should we keep these unemployment benefit extensions in place for all time? No, most definitely not. But are they a good idea right here and now to stimulate the economy, while alleviating the hardships placed on those who are out of work? Yes.
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  2. #22
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    Re: Unemployment benefits: who's right?

    Yeah - but unless the government ACTUALLY does something beneficial in these certain areas - I say to leave (theirs) alone for the time being - not everyone but some, yes.
    I really really really don't want people who have BEEN suffering to just suffer more merely because the healing is taking a long time.

    If people have given up a lot and suffered a lot - it just seems horrible to make it worse for them, you know? That's the only part of this whole issue that really trips me up.
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  3. #23
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by samsmart
    Well, to be fair, I don't mind unemployment benefits. It's just that I don't like drawn out unemployment benefits.
    Same here, mostly because the original money granted for unemployment is the person's own money, along with contributions from the employer. That's more than fine to me, as I'm out of the equation completely (as is all other taxpayers).

    Unemployment benefits are good for when someone is between jobs. But it shouldn't sustain people through bad economies. Rather, they should have to adapt to the job market.
    Absolutely agree.

    But it also sucks because there's so much require of a person to get qualified for a job. People need at least a 2-year degree, most likely a 4-year degree, and that doesn't count more technical jobs, such as engineering or medical occupations. And it sucks even more when someone has to get a student loan to pay back that education, despite the fact that wages may not meet the ability to pay back those loans.

    But they can't stay on the dole forever, and the world needs plenty of bartenders.
    Oh it absolutely sucks. However, people need to recognize that we're making a shift toward service-base industries and need to adjust accordingly. I'd like to say I could sympathize with the crop of grunts who C-minused their way through a revolving-door public school system only to land 30 dollar an hour shop jobs, and watch economic reality catch up to them. I'd really like to say that...

    Truth can be a harsh mistress...and nobody is immune.

  4. #24
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    Re: Unemployment benefits: who's right?

    I said other too. I'd like it paid for by cutting other money wasting costs like the wars we are in and raises for congress critters.

    All I know is I hear about people that are gaming the system but I haven't personally met one. I have a brother that that has been unemployed as a comptroller for 13 months and I can assure you he would be jumping for joy if he found a job. He hates being unemployed and has been climbing the walls. He sends out a stamp book full of resumes every week and gets nothing. He's also on all the major job sites on the Internet. And he lives in the second largest city in out state. He thinks his age is hurting him and believes any positions that are available are being filled by younger less experienced people that they don't have to pay as much. Employers can pick and choose and the competition is stiff. He's working on getting his CPA certificate but you can't officially get it unless you're employed, even if you pass the tests with flying colors. Sounds absurd to me.

    My sister-in-law was self employed (we self employed are not allowed to collect unemployment even though we pay in) and is losing her home soon.

  5. #25
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by The Giant Noodle View Post
    This video reminds me of you if ya ever had to deal with the things I do in my life......
    ...
    What BS reality-bubble are you living in man? I hope God curses YOU with half the **** Ive had to deal with within the last 5 years just so your ideas and ideals grow up and you become a decent man.
    Maybe if you didn't do stupid crap like that you wouldn't get yourself in so much trouble.

    .

  6. #26
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    Re: Unemployment benefits: who's right?

    Don't extend them, the labor market is beginning to make a solid recovery.
    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

  7. #27
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by pbrauer View Post
    Agreed, the money is much more well spent than funding two wars...
    of course wars are a constitutional function of the federal government but don't let that bother you



  8. #28
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    Re: Unemployment benefits: who's right?

    Fed Chairman Bernanke points out a serious externality to long periods of unemployment.

    The high share of workers who have been out of work for six months or longer is troubling, he said, because those workers face a particularly high bar to reentering the labor force both because they lose skills and because employers may question their suitability for employment.

    Bernanke also said the elevated jobless rate makes businesses and households reluctant to spend because they are uncertain of future income.

    Source
    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

  9. #29
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    Re: Unemployment benefits: who's right?

    I voted other. I feel that those on unemployment should prove to the government that they are trying to get a job and submit a sample of their resume to the government. They should tell the government what jobs they have applied to, and the government should be able to audit these and call those employers to see if it is true. I have no problem with unemployment for those who absolutely need it, but many are just sucking money from the government and choosing to not work because they can get a free check.
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  10. #30
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by digsbe View Post
    I voted other. I feel that those on unemployment should prove to the government that they are trying to get a job and submit a sample of their resume to the government. They should tell the government what jobs they have applied to, and the government should be able to audit these and call those employers to see if it is true. I have no problem with unemployment for those who absolutely need it, but many are just sucking money from the government and choosing to not work because they can get a free check.
    I haven't measured it, but I would strongly suspect that all the additional bureaucratic red tape of processing, auditing, and verifying those submissions would cost a lot more than the unemployment benefits.
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