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

Voters
65. You may not vote on this poll
  • 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. #31
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    Re: Unemployment benefits: who's right?

    Extend them one last time, making sure to get the message out "This is the final extension." Maybe it will give an extra boost to those who are unemployed to get a new job.

  2. #32
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by Goldenboy219 View Post
    Fed Chairman Bernanke points out a serious externality to long periods of unemployment.



    Source
    Very true - especially in certain areas where continual on-the-job bump-ups in knowledge are a must (like things relating to techology or federal-regulation)

    When I was an employer people who were unemployed for a length of time were simply not as favorable for the type of work-mindset I was looking for.
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  3. #33
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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 may state you have to prove you are trying to get a job.

  4. #34
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by MaggieD View Post
    Well, they're considering a year-long extension. And I ask, "When does it end?" Does that mean it goes from 99 weeks to 151 weeks?
    umm you do understand this is a extension of the state unemployment benefits and not the feds. This means as it stands right now once you pass the six months state benefits ... thats it.

    The United States Congress has not reauthorized the Emergency Unemployment Compensation (EUC) Program which expires November 30, 2010. The expiration of the EUC Program affects the establishment of new EUC claims and the continued payment of current EUC claims. The United States Congress may still consider another extension of the EUC Program; however, legislation has not been passed. The pending legislation does not add any additional weeks of EUC benefits. If you have already exhausted your EUC benefits, no additional benefits will be available.
    Emergency Unemployment Compensation (EUC) Update - Unemployment Insurance Claimants

  5. #35
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    Re: Unemployment benefits: who's right?

    Since employers already pay for them in the first place this is just giving them a little more money in the first place. I think this is where we need to cut for now if for nothing else, as a social experiment. I'm very well aware some people will take advantage of unemployment and this will encourage many to get back to work sooner than later.
    "Weíre going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and thatís crazy." -Reagan

  6. #36
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    Re: Unemployment benefits: who's right?

    CORPORATE GREED AND UNION GREED
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    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

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  7. #37
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by Gipper View Post
    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.
    It's not those I have sympathies for. Rather, my sympathies are for those A+ high school students who go on to college and get a degree in an industry in which the job market dried up and they can't get employment that is at the level of their education. There's a lot of very educated people who can't get jobs in the area of their education and training. That's my concern.
    Also, we need to legalize recreational drugs and prostitution.

  8. #38
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by Kandahar View Post
    The Democratic position is correct in this case. Extending unemployment benefits is one of the best forms of fiscal stimulus out there, because it increases the purchasing power of people who otherwise wouldn't have any. Using unused stimulus money to pay for it would defeat the purpose, and using TARP money doesn't even make sense.

    As for the idea that it's unregulated welfare...that might be true if the unemployment rate was lower, but when it's over 9% I think it's hard to make the argument that it's discouraging people from finding work. That might be true in some individual cases, but from a macroeconomic perspective there are far more people willing to work than there are people willing to hire them.
    Khandahar, you fall into the basic economic trap that Democrats believe in, which has continued to keep us in this down economy. Consumption does not drive growth, it is a symptom of growth. The whole consumption based economy thing is a Krugman/Bernanke idea and is the reason we have spent $1.4 trillion above our budget the last two years and have nothing to show for it.

    Consumption doesnít drive growth, investment drives growth. When businesses are able to expand, plan for the future, hire more workers, purchase new equipment, pay higher salaries, and allow the investors to purchase luxury items and services from developing businesses, that is what drives economic growth. You said extending unemployment benefits increases purchasing power, but thatís not true. If you borrow a million dollars, that doesnít make you a millionaire. The government is stealing from the investors in order to drive consumption that would have happened anyway if investors had the money to invest in the economy. We arenít increasing purchasing power by borrowing from China to fund extensions of unemployment benefits. We are actually decreasing future purchasing power, delivering future purchasing power to China through their ROI, taking purchasing power from the investing class and guaranteeing that we will not see economic recovery.

    Stimulus of consumption has taken us to 9.6% unemployment. Reducing taxes on investors in the past decade took us to 4.5% unemployment.
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  9. #39
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by friday View Post
    Khandahar, you fall into the basic economic trap that Democrats believe in, which has continued to keep us in this down economy. Consumption does not drive growth, it is a symptom of growth. The whole consumption based economy thing is a Krugman/Bernanke idea and is the reason we have spent $1.4 trillion above our budget the last two years and have nothing to show for it.

    Consumption doesn’t drive growth, investment drives growth. When businesses are able to expand, plan for the future, hire more workers, purchase new equipment, pay higher salaries, and allow the investors to purchase luxury items and services from developing businesses, that is what drives economic growth. You said extending unemployment benefits increases purchasing power, but that’s not true. If you borrow a million dollars, that doesn’t make you a millionaire. The government is stealing from the investors in order to drive consumption that would have happened anyway if investors had the money to invest in the economy. We aren’t increasing purchasing power by borrowing from China to fund extensions of unemployment benefits. We are actually decreasing future purchasing power, delivering future purchasing power to China through their ROI, taking purchasing power from the investing class and guaranteeing that we will not see economic recovery.

    Stimulus of consumption has taken us to 9.6% unemployment. Reducing taxes on investors in the past decade took us to 4.5% unemployment.
    Cause and effect

    Overconsumption in the 90's and 2000's led to the 4.5% unemployement. People were buyiung homes on credit, cars on credit and generally consumed on credit. They brought consumption that should have been done later or not at all forward, leading to strong economic growth. (fake economic growth). When consuming based on debt was no longer possible (to high debt loads) consumption had to decrease. causing lower demand for goods and services, and as such lower demand for labour and lower demand for capital goods and investment. Untill debt levels in the US get quite a bit lower, %of gdp, the US will not see strong economic growth as too much of its wealth creation will be spent on debt reduction rather then consuming items like cars or new homes

    Remember that for investors to invest, they have to believe that people will have money to buy the goods or services that will be produced
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  10. #40
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by Lord Tammerlain View Post
    Cause and effect

    Overconsumption in the 90's and 2000's led to the 4.5% unemployement. People were buyiung homes on credit, cars on credit and generally consumed on credit. They brought consumption that should have been done later or not at all forward, leading to strong economic growth. (fake economic growth). When consuming based on debt was no longer possible (to high debt loads) consumption had to decrease. causing lower demand for goods and services, and as such lower demand for labour and lower demand for capital goods and investment. Untill debt levels in the US get quite a bit lower, %of gdp, the US will not see strong economic growth as too much of its wealth creation will be spent on debt reduction rather then consuming items like cars or new homes

    Remember that for investors to invest, they have to believe that people will have money to buy the goods or services that will be produced
    You’re close. What you call overconsumption, investors call leverage. People borrowed because they knew their future income could cover it. Yes, some people over-leveraged, and instead of letting those risks take their proper course to either failure, or the $70 billion the Fed made on so-called troubled assets this past year, we stepped in with regulation that exposed their risk to investors and then bailed them out with government loans that the government printed or borrowed.

    Instead of spending $2.8 trillion that we don’t have on duck ponds and skate parks in order to spur consumption, we should have let over-leveraged investors and consumers fail and deal with our appropriate bankruptcy safety nets, and then spurred growth by extending tax cuts for pro-growth sectors, not throwing money at people who can’t get jobs because employers can’t afford them anymore.
    Get informed: UNICEF foreign adoption policy is killing orphans and the US gives $132 million to UNICEF every year. Stop the madness.
    For the best news and commentary on the 2012 election from the GOP perspective, visit www.whitehouse12.com.

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