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The discussion was about the immediate benefit of unemployment dollars on the economy - and thus why it's so necessary to extend benefits for the unemployed when joblessness is so high and the recession is so slow. Of course I think a stronger economy is better generator of government revenues that raising tax rates. Duh. We have to get to the stronger economy. Cutting off unemployment checks to millions is the opposite of that. |
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My "theory" (which is not my theory, but the common knowledge of economists) is not saying anything at all about jobs saved, government subsidized, etc. If you can't understand what the conversation is about, probably best not for you to jump in and start talking about something else entirely, as you usually do. |
[quote=Cannon Shell;729944]There is no use trying to talk sense to you and Riot because you just wont admit you dont know what you are talking about regardless of how much evidence there is to the contrary of your point[/QUOTE
Your insults are no substitute for trying to debate with facts, although you apparently think so, but it does seem the only thing you can routinely come up with. Try harder. Throw some of those "facts" out yourself (btw, "fact" isn't just something you think is true) |
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Unemployment checks help positively drive the economy. Applicable excerpts:
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http://fms.treas.gov/faq/moretopics_gifts.html There won't be any reason to raise anyone's taxes. The rich liberals will take care of everyone! LET'S PRETEND! |
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People who get unemployment spend the money immediately, infusing it all right back into the economy. These are people that have no discretionary spending options. Do you realize that "the government" doesn't pay the overwhelming majority of unemployment funds, right? Quote:
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The more people dependent on the Govt. for their "good fortune" in life, or their mere survival, the better it is for the Govt. who needs their votes for their own continued "good fortune" and survival.
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The Govt. takes $100 of my money( and 5 other people who worked hard to earn it). Magically turns it into $600. They turn it into 2 piles of $300. They now keep 1 pile, because they worked hard for it, and give the other pile to someone else. Might be a Union. Might be someone unemployed. Might be someone faking it for SSI. Whatever. The original $600 would do more for the economy than whatever is left when your Govt. is done re-releasing it. |
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There are two types of unemployment. The first is paid by employers paying into a pool within your state. That is the vast majority. The federal government only steps in to support the states for extended benefits after the state's two types of benefits are exhausted. States have the option to have the feds pay shared or all of the most extended benefits. For the states that are letting the fed pay it all, those folks are getting cut off earlier than other people in other states whose states share the burden. The recession is so severe, the feds have millions of people on extended benefits. These people have exhausted their savings, their houses don't sell readily now - the only thing keeping many of them from literally homelessness and starvation is $300 a week. Quote:
We're broke. We don't buy new weapons systems now. We do help keep our fellow Americans from starving. If we follow the "can't spend money when we're broke" logic, the next natural disaster (another Katrina, an earthquake in LA, massive flooding), the feds should NOT help, simply because it costs money. Yes, I am employed, no I have never drawn unemployment. I've paid unemployment insurance for multiple employees for many years as a business owner. I know a couple people who have been on unemployment in the past three years. And they are NOT lazy drug addicts living off the government. They were highly qualified, hard-working people who were laid off their jobs. Quote:
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Go ahead and explain how a discussion of dollars and the effect of spending on the economy during a recession is "class warfare" Heck, add in how unemployment insurance is "class warfare" (it obviously is not, because it's not income-limited) Explain it to us. Let me get some popcorn :) Wait, I have a better idea: why are YOU engaging in class warfare here? Justify yourself, sir! |
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Raising taxes is hardly the path to a stronger economy yet you continue to advocate that. You seem to think that the govt should extend unemployment benefits endlessly, now not because of moral reasons but because of its economic benefits? This is similar to your argument that food stamps are a fine source of economic stimulus as well. |
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[quote=Riot;730071]
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Look at it this way. A baseball team pays a free agent pitcher way more than he is worth (say $20 million a year) and he performs to his usual level(3 million a year). Did the player offer some value to the teams success at the end of the year? Sure, he was slightly better than average, but he didn't give the team the 20 million they paid him worth. The money could have been better spent. That was the stimulus package. It helped a little but not nearly as much as it could have had the money been directed more towards actual stimulus and less towards social programs disguised as stimulus. When ANY dollar spent can be described as "good for the economy" it isn't hard to make the arguments that the left and Riot make. The problem is that it does matter where that money comes from. |
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http://www.washingtonpost.com/wp-dyn...rss=rss_nation
tell me again how the stimulus 'worked'. we had four quarters of mild growth, but the money's spent, the latest jobs report sucked(as have the last few), and unemployment is projected to go right back to where it was. if not higher. now, in my mind, a stimulus working wouldn't have results we're seeing. a temporary jump in the right direction, followed by going right back to where we were, is not a fix at all. a bandaid to stop a hemorrhage perhaps. but the patient continues to bleed out anyway. |
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http://www.slate.com/id/2276611/
A Joyless Jobless Report Those dreadful new unemployment numbers are even worse than they look. By Annie Lowrey Posted Friday, Dec. 3, 2010, at 7:05 PM ET one excerpt: But the official government jobs report contradicts those numbers and came in far worse than even the most pessimistic economists' projections. Economists surveyed by Bloomberg News, for instance, forecast that payrolls would climb by 150,000, with guesses ranging from 75,000 new jobs to 200,000. Instead, the economy added about half of the lowest estimate. The pace of the recovery is obviously not yet speeding up—in fact, the recovery has stalled out for the past nine months, with employers hesitant to hire, consumers hesitant to spend, and the government running out of bullets. Each month of bad data digs the hole left by the recession a bit deeper and increases the time it will take for the economy to return to normal. The difference between how many workers the economy should employ (given a lower, more normal unemployment rate) and how many it does employ stands at about 11.8 million workers. |
Thank you GOP. You have proven beyond a doubt it's more important to you give unfunded tax cuts to those earning over $1 million dollars a year, than help the unemployed and the middle class.
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A guy who doesn't think unemployment dollars immediately helps the economy probably not ought to be lecturing others on "understanding basic economic fundamentals" Why don't you find one that supports that rare position? Look in the WSJ. |
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