Insta-Millard: Unemployment benefits boost would cost $6 billion — hella bargain


Throw a device to keep people afloat in the economy, and life?

Throw a device to keep people afloat in the economy, and life?

Congressional Budget Office released its analysis of the bill proposed to extend long-term unemployment compensation for another three months.  Bottom line, CBO says it will increase deficits by about $6.4 billion.

S. 1845, The Emergency Unemployment Compensation Extension Act

S. 1845 would extend the Emergency Unemployment Compensation (EUC) program for three months—through March 31, 2014. The EUC program allows qualified states to provide up to 47 additional weeks of federally funded unemployment compensation to people who have exhausted their regular unemployment benefits.

Heckuva bargain.  Let’s do it.  Call your Member of the House of Representatives, tell her or him to pass this law.

Payments to people who need money tend to put them to work, boost the economy, and make later aid unnecessary.  But who listens to economists or historians any more?

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11 Responses to Insta-Millard: Unemployment benefits boost would cost $6 billion — hella bargain

  1. Ed Darrell says:

    Did we read that right? Poor white people are hogging benefits intended for poor people, and poor blacks don’t get a fair share?

    Like

  2. Black Flag® says:

    Forty-three percent of all poor households actually own their own homes. The average home owned by persons classified as poor by the Census Bureau is a three-bedroom house with one-and-a-half baths, a garage, and a porch or patio.

    Eighty percent of poor households have air conditioning. By contrast, in 1970, only 36 percent of the entire U.S. population enjoyed air conditioning.

    Only 6 percent of poor households are overcrowded. More than two-thirds have more than two rooms per person.

    The average poor American has more living space than the average individual living in Paris, London, Vienna, Athens, and other cities throughout Europe. (These comparisons are to the average citizens in foreign countries, not to those classified as poor.)

    Nearly three-quarters of poor households own a car; 31 percent own two or more cars.

    Ninety-seven percent of poor households have a color television; over half own two or more color televisions.

    Seventy-eight percent have a VCR or DVD player; 62 percent have cable or satellite TV reception.

    Eighty-nine percent own microwave ovens, more than half have a stereo, and more than a third have an automatic dishwasher.

    Like

  3. Black Flag® says:

    “Good to know you’ve never needed aid for economic afflictions that were not your fault, but which threatened you or your family.”

    PS: You don’t know shit about my life, so stop pretending you do.

    I’ve been wiped out more then once, and never moaned about the state of my affairs. I’ve picked myself up and went back to work and recovered – on my own – without whining about it.

    You present a sicking class of victimization, that the circumstances one finds oneself is “not my fault!”

    Well, wise up. It is your fault.

    Like

  4. Black Flag® says:

    1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble.

    2. 80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this.

    3. 76% of wealthy exercise aerobically four days a week. 23% of poor do this.

    4. 63% of wealthy listen to audio books during commute to work vs. 5% of poor people.

    5. 81% of wealthy maintain a to-do list vs. 19% of poor.

    6. 63% of wealthy parents make their children read two or more non-fiction books a month vs. 3% of poor.

    7. 70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% of poor.

    8. 80% of wealthy make Happy Birthday calls vs. 11% of poor.

    9. 67% of wealthy write down their goals vs. 17% of poor.

    10. 88% of wealthy read 30 minutes or more each day for education or career reasons vs. 2% of poor.

    11. 6% of wealthy say what’s on their mind vs. 69% of poor.

    12. 79% of wealthy network five hours or more each month vs. 16% of poor.

    13. 67% of wealthy watch one hour or less of TV every day vs. 23% of poor.

    14. 6% of wealthy watch reality TV vs. 78% of poor.

    15. 44% of wealthy wake up three hours before work starts vs. 3% of poor.

    16. 74% of wealthy teach good daily success habits to their children vs. 1% of poor.

    17. 84% of wealthy believe good habits create opportunity luck vs. 4% of poor.

    18. 76% of wealthy believe bad habits create detrimental luck vs. 9% of poor.

    19. 86% of wealthy believe in lifelong educational self-improvement vs. 5% of poor.

    20. 86% of wealthy love to read vs. 26% of poor.

    Only 30% of the working poor lived in married couple families, compared to 65% of all workers. Single female headed families are especially over-represented among the working poor.

    The working poor are less likely to hold high school and college degrees. Eight percent of the working poor hold college degrees, compared to 26% of all workers.

    Avoiding poverty is simple;
    1) Stay in school
    2) Don’t do drugs
    3) Get married before you have children.
    4) Stay married.
    5) Get a job – any job – and use what you learn at that job to get a better job.

    Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.

    Average people think selfishness is a vice. Rich people think selfishness is a virtue.

    Average people have a lottery mentality. Rich people have an action mentality.

    Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.

    Average people see money through the eyes of emotion. Rich people think about money logically.

    Average people earn money doing things they don’t love. Rich people follow their passion.

    Average people set low expectations so they’re never disappointed. Rich people are up for the challenge.

    Average people live beyond their means. Rich people live below theirs.

    Average people play it safe with money. Rich people know when to take risks.

    Average people never make the connection between money and health. Rich people know money can save your life.

    Like

  5. Black Flag® says:

    First, Ed, if you really cared about the poor, you’d sell all your junk and give it to Africans. The poorest in America are far richer then 99.9% of the Africans.

    But, you are a hypocrite.
    You do not defend the poor.
    You are defending your dole.

    This isn’t about them.
    It’s about you.

    You would rather someone else’s money and give it to those that did not earn, then let the natural charity of men do what they do best.

    You advocate this because these men of charity would not give to you. They would say to you “go earn”.

    You wish to pay people to do nothing, and that is exactly what they do.

    Like

  6. Ed Darrell says:

    Society is incredibly charitable to those that need it.

    Good to know you’ve never needed aid for economic afflictions that were not your fault, but which threatened you or your family.

    Those in those situations don’t find aid to the really desperate “incredibly charitable” at all.

    As a nation, we are not. We have too many homeless, far too many hungry, we measure those shut out of health care by the tens of millions.

    They don’t want charity, but what we give them isn’t charitable any way.

    Like

  7. Black Flag® says:

    Your ad homeniens are as empty as your head.

    If you pay a man not to work, you get what you want.

    Your pretend that isn’t true and plead some false agony over some non-existent agony to justify the theft others.

    Like

  8. Black Flag® says:

    What dribble.

    Society is incredibly charitable to those that need it.

    All you want is goodies for free.

    Like

  9. Ed Darrell says:

    The Law of Incentives says “kick a poor man when he’s down, it’ll do him good?”

    You don’t know astronomy and red shift, you don’t know the Bible, and you’re a mean as the pre-repentance Grinch.

    Like

  10. Ellie says:

    My congress critter doesn’t like po’ folks, so a call would be meaningless. He’s much like some of your readers in that he believes in the theory of “I’ve got mine, Jack, now root hog, or die.”

    Like

  11. Black Flag® says:

    Insanity.

    Stealing from the productive to feed those that do not produce, creating a social condition that it is profitable to do nothing.

    Hence, they will continue to do nothing, contrary to your bizarre claim.

    You void the Law of Incentives so to promote your bizarre economics.

    Like

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