Sunday, August 2, 2009

Prolonged Aid to Unemployed Is Running Out

And you have to remember these unemployed fall off the cited 'employment numbers' quoted by govt. Obviously they don't really go away but they statistically go away. Stores should be gearing now for a very lean Christmas season. Got to love a politician who can shrug off an additional $40 - $70 billion as just a temporary expense. = MBC

http://www.nytimes.com/2009/08/02/us/02unemploy.html?_r=1&th&emc=th

"...Over the coming months, as many as 1.5 million jobless Americans will exhaust their unemployment insurance benefits, ending what for some has been a last bulwark against foreclosures and destitution..."

"...half a million by the end of September and 1.5 million by the end of the year..."

"...Representative Jim McDermott, Democrat of Washington and chairman of the House Subcommittee on Income Security and Family Support, said he would introduce a bill in September to provide yet another 13 weeks of coverage in states with unemployment rates of 9 percent or higher. “Legislators will line up quickly when they start getting calls from desperate constituents,” he said in a telephone interview.

The cost would be $40 billion to $70 billion, but the expense would be temporary, Mr. McDermott said..."

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