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

Voters
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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. #61
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by phattonez View Post
    But businesses don't expand on profits. They expand from investment. Spending doesn't make up what was just lost in investment.
    Businesses won't expand if they believe it will not be profitable. Secondly, profits are what fuel expansion, as profits allow for capital accumulation.

    But do we really have a boost in demand, or is it illusory based on monetary inflation?
    What is demand? What causes it to shift (in or out)?

    Money always serves a function. If it's not spent it still serves a function.
    During recessions, the fuction that is best served is being spent.

    And is the government better at buying infrastructure? Do you really believe that? No private company would have built an interstate? It's too expensive?
    Yes. Not even considering the transaction costs of aquiring the necessary land across cities and even states, what do commercial vehicles do in the meantime? The highway systems built following WWII were constructed by private companies, but still took more than a decade to complete. Government can provide the capital necessary to build interstate projects

    I guess we should have the government build hotels and office buildings then because they're too expensive and no private company would invest in them.
    Private companies are efficient at building isolated projects as a direct result of public funded highway systems; they allows laborers, equipment, and materials to move to and from the worksite without strictly using rails.
    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

  2. #62
    Professor

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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?"
    Nobody knows where the extension will end. Nobody can predict the future, and shouldn't even try.

    What we do know is with no extension millions will have no money to spend, and spending keeps the economy going, allows more time for overall recovery.

    Imagine the tearful disappointment on the faces of millions of kids when they get no Christmas presents.

    ricksfolly

  3. #63
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by phattonez View Post
    But businesses don't expand on profits. They expand from investment. Spending doesn't make up what was just lost in investment.


    And nobody can tell them how to spend it, including the government, but that doesn't stop it from becoming an exaggerated political issue, another buzzword gotcha...

    ricksfolly

  4. #64
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by phattonez View Post
    But businesses don't expand on profits. They expand from investment. Spending doesn't make up what was just lost in investment.
    Without profit they cannot invest, yes?
    It's a two-way street. . . both are essential - at some times one is more important than another.

    With a dive in profit - the business cannot invest, cannot expand, and dies.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  5. #65
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    Re: Unemployment benefits: who's right?

    I read this whole thing, and didn't see where anybody mentioned that these benefits are from a type of insurance plan. Almost all of us paid in, and the people who become jobless for certain reasons collect unemployment.

    The unemployed receive payouts because of this insurance. They will pay in again when they are hired somewhere.

    To cover the cost of extended unemployment benefits, the rates we pay must be raised slightly until the excess is covered.

    Some of you will consider this a tax increase, its like a broken record. But this is something we already pay, and a premium hike will pay the extension.
    Do not write in this space!

  6. #66
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    Re: Unemployment benefits: who's right?

    Local lady used to make six figures. She lost her job due to the recession, burnt through savings, lost her home, and is now selling her wedding ring to avoid being forced to sleep in her car at night. She's been looking for a job, even crappy jobs, but keeps being told she's overqualified.

    Rich people: You are not immune to this. It can happen to you. It's not just people being lazy, there are more unemployed people than there are jobs, period.

    What else are we to do? People left in tatters will become desperate. Desperate people will do what it takes to survive.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  7. #67
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by tryreading View Post
    I read this whole thing, and didn't see where anybody mentioned that these benefits are from a type of insurance plan. Almost all of us paid in, and the people who become jobless for certain reasons collect unemployment.

    The unemployed receive payouts because of this insurance. They will pay in again when they are hired somewhere.

    To cover the cost of extended unemployment benefits, the rates we pay must be raised slightly until the excess is covered.

    Some of you will consider this a tax increase, its like a broken record. But this is something we already pay, and a premium hike will pay the extension.
    This argument of yours is the same argument that supporters of social security used when trying to pass it. Just like that isn't insurance, neither is this.

    Forced insurance, is not insurance, it's just theft.

  8. #68
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    Re: Unemployment benefits: who's right?

    i sincerely doubt that she's being consistently turned away for being overqualified if she is willing to work for the lower wage. i drive down the street home from work and multiple restaraunts businesses have 'hiring' signs; they're just not particularly great jobs.

    and really; if you make 6 figures for multiple years you ought to be abouuuut recession proof. 3 years of 125K would see me out from under my house, and with about 40-50K in the bank.

  9. #69
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by Henrin View Post
    This argument of yours is the same argument that supporters of social security used when trying to pass it. Just like that isn't insurance, neither is this.

    Forced insurance, is not insurance, it's just theft.
    Call it what you want. But people paid in, and some are being benefited.

    I don't guess you can imagine the US, since 2008, without unemployment insurance? Think our current situation would be a lot worse? Course it would. More credit defaults, more foreclosures, more rental leases breached, more domino effect, an even deeper recession...
    Do not write in this space!

  10. #70
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    Re: Unemployment benefits: who's right?

    Quote Originally Posted by cpwill View Post
    i sincerely doubt that she's being consistently turned away for being overqualified if she is willing to work for the lower wage. i drive down the street home from work and multiple restaraunts businesses have 'hiring' signs; they're just not particularly great jobs.

    and really; if you make 6 figures for multiple years you ought to be abouuuut recession proof. 3 years of 125K would see me out from under my house, and with about 40-50K in the bank.
    She would not be hired by a lot of companies because she is overqualified. As a waitress she most likely would have higher qualifications then most managers (depending on restaurant of course) and they would be very reluctant to hire her because of that

    Most companies will not hire someone they expect will leave in a couple of months. Nor will most potential employers hire someone who is more qualified then they are for (ie cashier vs shift supervisor)


    She most likely would have to lie about her qualifications to get hired at low skilled low wage positions
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