Unemployment Extension: Imagine When This Happens To Social Security

By Janet Peterson on July 22, 2010, 11:20 am Posted in Business News

Unemployment has been extended to those whose benefits ran out. This does not include those in states that offered as much as 99 weeks and were used up by the recipients. These people are now on their own. The recipients who will benefit from the extension will soon be on their own as well. The government is not interested in extending Unemployment any more. It is not the solution to the failing economy which is stalling and seems to be heading into the malaise of Japan of the 1990s.

Social Security Is In The Same Predicament

Social Security is an insurance fund. Unfortunately, the government borrows from it and puts in IOUs instead of leaving the funds where they are. In other words, Social Security is similar to Unemployment benefits in that both will be funded by printed money because the states’ Unemployment funds are gone, similar to how Social Security has become.

Raising The Age Of Retirement

A few years back the Democrats and Republicans raised the age at which full Social Security benefits could be received. Yes, it was a conspiracy among the two parties. After all, the people paid in their money and were now being denied the funds, while the government was hoping they would die before collecting their checks.  The age will soon be raised again. It will become harder and harder to retire. This is the future for those heading towards their “golden years.”

 

A Country In Turmoil

There is not much in this country that is not decreasing in quality. All this is due to insufficient money and deficit spending. The money has been paid to banks and others in bailouts, with the rest of the population left to suffer. The government can never tighten its belt sufficiently to remedy the situation.  This means we should prepare for a life of scarcity, not unlike seen in some movies where people roam the nation in search of food and survival. It will take a miracle to bring America back from the brink.


9 Responses to “Unemployment Extension: Imagine When This Happens To Social Security”

  1. LBodo says:

    What about Floridians? The legislature closed their session without amending the Rader Law which prohibits the extended unemployment benefits for the people of Florida. They could care less about the jobless people in Florida, it’s all about the political fights and getting what they want. The people are forgotten in their haste to do each other in.
    Both parties should be ashamed of themselves.

  2. LBodo says:

    Florida has 12.2 pct unemployment!

  3. dd says:

    The endless unemployment extensions are hard to justify when I am scraping by having to do whatever it takes to pay my bills. As a “self-employed” / “freelancer” / “independent consultant” for the same company for 5 years I lost my income when the company went bankrupt. . I’ve cut down everything to the bone and beyond. Sold off personal property. Taken work way below my level, almost entry level. Moved downward in housing. But the “no-work pay” for others keeps getting extended and extended and extended supported by Federal Tax dollars. It leaves a bad taste. Either widen benefits to include the rest of us who did not work on staff or let us all stew in the same thin soup. Maybe more families hung out over the hairy, ragged edge will develop some political will. There is a difference between state and federal unemployment benefits. Federal unemployment benefits extend state unemployment benefits out to 26 weeks. They must be explicitly passed by Congress. They’re paid for out of our federal tax dollars we all pay. A law firm should start a class action suit for “us” who have paid taxes but don’t qualify for benefits including the 1 year worth of cobra subsidies.

  4. Mike E says:

    This is not our US.It’s not.
    “I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
    Thomas Jefferson (April 13, 1743 – July 4, 1826)

    “The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first. ”
    Thomas Jefferson (April 13, 1743 – July 4, 1826)

  5. Mike E says:

    This is not our US. It’s not.
    “I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
    Thomas Jefferson (April 13, 1743 – July 4, 1826)
    “The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first. ”
    Thomas Jefferson (April 13, 1743 – July 4, 1826)
    Unemployment extension is a bad thing for Americans. What is good for US Americans is Wild Capitalism
    with less Government. I am unemployed,
    Experience: 20 years
    Schooling: Master degree
    Wage in the past: $ 40 /hour
    Wage accepted now: $25
    I wander why the Congress people don’t go as low as I do.
    Also I wander why the congress people don’t try outsourcing their jobs.
    The Indians will do a better job for Americans
    As long as we Americans accept the status quo, where the Media is in the hands of a cirtain group and all these groups are sucking on our blood.
    There is no democracy .No sir .Expect the worst to come.
    I am not a fancy Harvard or Yell sting but we got the picture.

  6. TLS says:

    To everyone that is on unemployment and is responding to these blogs. I just contacted my unemployment agency and ask what do I do now that the president has signed the extension. They said it won’t go into affect for at least 2 to 4 weeks. So that is more time families go without because the GOP wanted to play politics with our lives. So we can sit in front of our computers and complain. That might make you feel a little better to let off some steam but the Senators that are blocking the extension benefit bill are not reading these blogs. They don’t care. What we can do is take action. Start calling every Senator that blocked this bill for two months. Most of these guys that opposed the bill are millionaires, so you can see why they don’t care. To find your Senators contact info go to Senate.gov. Once you get their DC office number and fax number blast their phones with calls everyday. Some of them are saying unemployment benefits is just an incentive to not look for work and have even said we were lazy. So call and call and call.

    We have to get our message across. Let me be clear if you have a phone service that will charge you a fee for calling Washington DC then don’t, save your money for your family. The rest of us that have a phone plan that doesn’t charge for long distance don’t have an excuse! Now Ben Nelson is on this list. This is a democrat who voted no and why not his net worth is 17 million and doesn’t get it. So quit complaining and flood those lines. Flood – Flood – Flood those lines. Add Senator Reid to the list. He called Obama weak when he (Reid) could have made the Senate stay over the 4th break until this bill was passed, but he wanted the President to come to his state for a fund raiser. If he would have made the Senate stay over the 4th you would have your benefits right now! You don’t even have to pick your Senator; Senator Kyl said this last week that unemployment benefits is a necessary evil, so his phone needs flooded with calls. We can sit back and wait or use some energy to do something ourselves. Flood those lines. Don’t forget this November about those Senators and Congressman that have voted no on this bill. Vote them out. It isn’t because of the deficit that they voted no; they have been against everything the Democrats tried to pass since Obama was sworn in. In fact Minority leader Mitch McConnell told a group of young republicans last week the GOP has it’s groove back by stopping all the Dem’s progress. They are now trying to stop a small business bill that is fully paid for and gives community banks capitol to lend money to small businesses. In this bill they have safe guards in the bill. If you are a small bank and don’t want help you don’t have to take it, also if you do take the money but don’t lend it out you will lose that money and fined. So this is different the TARP, were big banks took the money and invested it instead of helping businesses get loans and paid out outrages bonuses. Again they are playing politics with our lives.

    Congressman Pence of Indiana said twice on TV this week that while he was at a state fair, people were not concerned about unemployment benefits they were concerned about the deficit. That just doesn’t make since. I am 49 years old and I have met maybe 10 people in my life that the deficit is their major concern. Also it must be nice for the congressman to take his family to a state fair on our dime, since our taxes pay his salary and expenses. Last but not least Pence isn’t going to find the unemployed at a state fair. Blow up his phone with calls for his stupid comments.

    Lets not forget the 99ers – Also don’t forget who caused the delay and vote them out!

  7. Tom, Michigan says:

    Before anyone accuses me of being a “doom & gloom person” or worse – a Republican – let me state for the record that I too am unemployed and searching for work. At nearly 59 years of age and no “Masters Degree” (at least my post has no spelling errors) I am finding job interviews to be few and far between. I have even posted signs at our community center offering my computer repair services for a very low price(but no takers), so my hat is off to “dd” above in his efforts at being self employed.

    I have however, awakened to the fact the the comments made by Thomas Jefferson are very much correct. Additionally, we no longer live in a country with a government of any kind. We live in a country that is run entirely by corporate entities and those in public office are there simply to make the public “think” they still have some form of recourse. So “TLS” write to your senators and congressmen if you like, but they will not listen because they are ultimately paid by the very corporate entities and lobbyists who put them in the positions they now hold. The problems we are facing today are not the fault of the Senate, Congress or the President. The stagnant and ever declining state of our economy is not the fault of the downturn in the housing market or mismanaged funds and business practices of the auto makers. The sorry “State of the Union” we are currently under is the sole responsibility of those who made it what it is today for their own financial gain. Yes – people do get richer when things go bad – especially if they have placed bets on it getting that way.

    I don’t know how to fix America. I don’t even know if it can be fixed. We are not here today because of events in our recent history. We are here because the moral and social decay of our society has been festering for many years. It will take equally as many years if not more to drag ourselves out of the mud hole which we have made for ourselves. Can we do it? I don’t know – but I can tell you – this isn’t your grandfather’s America!

  8. no one important says:

    No it isn’t our grandfather’s America, but may I remind you: my son just moved from Ohio to Oklahoma because he is not giving up on his American Dream. This is an old story. 200 plus some years ago, George Washington came into Ohio to for the resolution of the looming debt of a new nation, the war was expensive and The Ohio Land Company needed to get the Native Americans out of Ohio so the lands could be sold to the settlers for the beneficiaries of The Ohio Land Company and to get the nation out of debt. They did so at the expense of the Native Americans back then. Today we have economic slavery in this ever growing population of the unemployed, the marginally employed, the new victims. And mind you, George Washington led military expeditions here in Ohio for the Ohio Land Company, of which his TWO brothers were members of. So, here you have it: this is what financed the birth our our nation, do you expect it to be any better now? No, it is the same process. The same. However this is not sustainable and the leaders back then knew that their own vices did not lead to the virtue that was necessary to sustain an enduring nation. We can only survive by coming clean, by citizen participation; that is why freedom, justice, equality and voice were so highly promoted. We knew the animal that we were and what the sustainable path would be. And that is the road we must find now, we are forced to follow. There is little left in this world to exploit. When nothing is left to exploit is when we really learn to live according to the principles of a strong and enduring nation. We are there, the whole world is moving there. Flow of cash and goods is all that is needed, simple flow, as a river flows. Redistribution of cash and goods, not accumulation and stagnation in the hands of the few. It is a simple answer. There are too many of us Americans that will not give up on our American Dream, will this country had venomous beginnings, it always had strong people willing to fight for freedom, justice, equality for ALL, and that meant economic freedom. The thing is you have to fight to build a strong nation; Rosa Parks and Susan Anthony will tell you that. Thank God for them, they built strength,beauty and hope into this nation. I hope you do also.

  9. Tom, Michigan says:

    As found at a Library of Congress web page…

    >>>>>>>>>>>>>>>
    What is the American Dream?

    The term was first used by James Truslow Adams in his book The Epic of America which was written in 1931. He states: “The American Dream is “that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position.”

    In the United States’ Declaration of Independence, our founding fathers: “…held certain truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are life, Liberty and the Pursuit of Happiness.” Might this sentiment be considered the foundation of the American Dream?

    Were homesteaders who left the big cities of the east to find happiness and their piece of land in the unknown wilderness pursuing these inalienable Rights? Were the immigrants who came to the United States looking for their bit of life, liberty and the pursuit of happiness, their Dream? And what did the desire of the veteran of World War II – to settle down, to have a home, a car and a family – tell us about this evolving Dream? Is the American Dream attainable by all Americans? Would Martin Luther King feel his Dream was attained? Did Malcolm X realize his Dream?

    Some say, that the American Dream has become the pursuit of material prosperity – that people work more hours to get bigger cars, fancier homes, the fruits of prosperity for their families – but have less time to enjoy their prosperity. Others say that the American Dream is beyond the grasp of the working poor who must work two jobs to insure their family’s survival. Yet others look toward a new American Dream with less focus on financial gain and more emphasis on living a simple, fulfilling life.

    Thomas Wolfe said, “…to every man, regardless of his birth, his shining, golden opportunity ….the right to live, to work, to be himself, and to become whatever thing his manhood and his vision can combine to make him.”

    >>>>>>>>>>>>

    “no one important says” – “Flow of cash and goods is all that is needed, simple flow, as a river flows. Redistribution of cash and goods, not accumulation and stagnation in the hands of the few. It is a simple answer.”

    Sorry to be so pessimistic, but as long as there is a monetary system in place and in control, there is no “simple answer”. There is however an answer out there somewhere. But I am sure that it will take the form of a major “shift” in the way in which mankind views sustainability. Unless we can eliminate the greed created by a monetary system and get our global society to a point where it is realized as our founding fathers stated that “All men are created equal…” there will only be “Day Dreams”. “A flow of cash and goods” is what got us to where we are today. It has been said that the definition of insanity is doing something over and over and expecting different results. It seems to me that if we keep doing the same things over and over again, our “American Dream” or even our Day Dreams will simply turn into Nightmares.

    I believe we definitely have a chance to change. I have always looked for the good in people and the silver lining – but if we are to exist on this blue ball in space we call Earth, together – then we must at some point in time work toward a “Global Dream” with Liberty and Justice for ALL!

    And for the record – I am not one of those “New World Order” advocates.

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