Unemployment Extended Benefits Ending For 1.5 Million People
August 2, 2009 / 12:11 pm • By Dr. Melissa ClouthierThe New York Times shares the ominous data. Calculated Risk has the scary graphs and interpretation and says:
Right now very few workers have exhausted their unemployment benefits, but there is tidal wave coming. The Law Project estimates 0.5 million workers will have exhausted their extended benefits by the end of September, and close to 1.5 million by the end of 2009. Unless the unemployment rate starts to decline, the numbers will continue to grow rapidly in 2010.
I’m going off in a tangential direction here. How in the hell are we going to pay for Government Run Health Care if no one is paying taxes because people don’t have jobs? How is the government going to increase taxes when people aren’t working? How will current government policies not make every single economic reality in America worse in the coming years?
Michelle Malkin is wondering the same thing and says:
There was a brief discussion of Obamacare and I noted the Tea Party groundswell of grass-roots revolts at congressional town halls across the country. The panel balked at my reference to the 1994 Hillarycare debacle — and the turning point in Seattle when Hillary was loudly and openly booed by protesters. But mark my words: Just as the American public turned back the government health care takeover 15 years ago, it will be activist taxpayers uncowed by their ram-it-and-jam-it lawmakers who beat socialized medicine back again this summer.
My bottom line: Obama has vastly overreached on both the redistribution of wealth and the redistribution of health.
Well, the libs have done a better job this time framing health care as a right. They thought they could sneak it past everyone. They may still try to “ram it through”, but they will pay a price.
Again, the Left is trying to portray anyone who disagrees with their solutions to the health care problem as not acknowledging that there’s a health care problem. That’s completely false. Conservatives and Republicans see the same reality that Democrats do–in fact, in the Senate they see it better. The only two doctors in the Senate are Republicans but they are no more being listened to than any other Republican.
Bottom line, America cannot afford this largess. This money will need to be paid back. And the American taxpayer will be paying it.
5 Responses to “Unemployment Extended Benefits Ending For 1.5 Million People”
August 2 2009 / 4:18 pm
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I was one of them.
August 2 2009 / 11:08 pm
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This was an interesting post. First, I was impressed and pleased to see a quote and attribution to Calculated Risk. Calculated Risk is one of the handful of economics/finacne blogs I read regularly. The author is an impressive fellow. But he definitely isn’t a partisan conservative.
Then Michelle Malkin?
Anyway, evaluating the efficacy of unemployment insurance is fairly complex. It is required and helpful in a society such as ours, but it does have a disincentive effect. There is an interesting bit in the book Supercrunchers on this.
Like any socaial program, you’ve got a free-rider issue.
August 3 2009 / 11:49 am
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I saw michelle malkin (low life) this is the first time I had seen this person on television, I don’t know what rock or garbage can she has come out of, however she is a sick minded idiot and a danger to herself and this great country that we live in, she is jealous of the OBAMA’s and needs to show more respect, I am sure she is trying to sell her pitiful piece of trash that she calls a book, what’s wrong little girl are you afraid no one will want to read your little sick book, therefore you made an aszzzzzzzzzzzzzzzzzzzz of yourself on the VIEW. If you are in support with bush of the lies he told and you support the fact that our BRAVE MEN AND WOMEN LOST THEIR LIVES FOR WEAPONS OF MASS DESTRUCTION THAT WAS NEVER THERE, WHY DON’T U STRAP UP AND GO LIVE IN IRAQ. U WILL REAP WHAT U SOW.
August 3 2009 / 12:46 pm
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Thank you Kim for proving Melissa’s point.
August 3 2009 / 10:28 pm
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Dave,
I think Kim must be a misguided teenager? I cannot think of any liberal friend of mine that would type such incomprehensible drivel. Not sure. Maybe I have higher quality leftists in my circle of friends, but I am thinking Kim’s post must be a joke.