PRO

Political Debates and Polls Forum

CON


Go Back   4Forums.com Political Debates and Polls > Topics > Economics Debates

Unemployment benefits extension blocked by one senator: Lone senator blocks unemployment benefit extensions - CNN.com Washington (CNN) -- The Senate adjourned Friday without approving extensions of cash and health insurance benefits for the unemployed, as well as a handful of other federal ...
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Harvard Business Review Magazine Subscription People Magazine
  #1 (permalink)  
Old 02-26-2010, 07:24 PM
Logic Bomber
 
Join Date: Jan 2004
Posts: 6,607
Unemployment benefits extension blocked by one senator

Lone senator blocks unemployment benefit extensions - CNN.com

Quote:
Washington (CNN) -- The Senate adjourned Friday without approving extensions of cash and health insurance benefits for the unemployed, as well as a handful of other federal programs that run out Sunday, after a lone senator insisted that Congress pay for the $10 billion package.
WOW. So there IS somebody in the senate who understands that you have to actually PAY for stuff. Amazing.

Quote:
Democrats argued that the safety net funds are classified as "emergency" and therefore don't need to be paid for by cutting spending elsewhere or raising taxes.
This is one of the biggest loads of monkey feces that the folks in washington have ever thrown at us. They wait until a couple of days before the thing expires to vote for it so they can classify it as an "emergency" and bypass annoying things like the CBO assessments.

Quote:
In addition to funding unemployment insurance and the COBRA health insurance program for people who have lost their jobs, the bill would prevent a scheduled 21 percent cut in Medicare payments to doctors.

Those cuts will technically go into place when doctors' offices open Monday morning. But because there is a two-week delay processing Medicare payments, a short-term lapse of the program is unlikely to affect payments, according to experts in the medical community and a Senate Finance Committee aide.

Likewise, unemployment benefits could be delayed, but if Congress acts next week, as expected, the impact is likely to be minor, according to a Labor Department analyst. That's because Congress will likely approve the funds retroactively to make up for the missing days.

An aide to Finance Committee Chairman Max Baucus confirmed that the Senate will try to pass the funds retroactively.
Hopefully this will not happen and the bill will end up dead.

I do not necessarily oppose unemployment insurance programs. For the most part I think that they are a relatively good idea. Unemployment should not be necessary, but since most americans apparently do not have the sense that god gave to a little green apple, they do not save any money since apparently it does not occur to them that their job may not be entirely permanent. Like most social welfare programs, I am willing to grudgingly go along with it because it keeps sheeple at home watching television instead of robbing those of us who are productive as we try to go about our daily lives at gunpoint.

BUT COME ON. Unemployment benefits were never meant to last for years on end and they SHOULDNT. If you give people unemployment insurance for months and months and months, it prevents labor market corrections that NEED to occur. Those labor market corrections that NEED to occur but do not will keep other corrections that NEED to occur from happening. Otherwise you are essentially building a bigger bubble on top of the little one.
__________________
If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen. —Samuel Adams
Reply With Quote
  #2 (permalink)  
Old 02-28-2010, 06:15 PM
Registered User
 
Join Date: Mar 2005
Posts: 9,524
Quote:
Originally Posted by daewoo View Post
Otherwise you are essentially building a bigger bubble on top of the little one.
I thought this was the goal? Don't you ever read Krugman...our noble prize winning economist?

You give congress a blank check and naturally this is what happens with the exception of a few noble senators from time to time (very rare).
Reply With Quote
  #3 (permalink)  
Old 03-04-2010, 02:51 PM
JPSartre12's Avatar
Healthcare- I gots mine
 
Join Date: Apr 2004
Location: SE Michigan
Posts: 8,995
I've liked Jim Bunning from the time I watched him pitch at Connie Mack Stadium. I was even lucky enough to be in the right place when he won re-election in the late 80's-early 90's and crashed his election night celebration party.

Why is it so hard for politicians to see that heaping taxes on our grandkids is becoming more and more repulsive to the American electorate?
__________________
"The problem with Socialism is that sooner or later you run out of other people's money."
- Margaret Thatcher

"We had the machine scared and scrambling, and for them it is just the beginning of an election year filled with surprises. They will be challenged again and again across this country. When there's trouble in Massachusetts, there's trouble everywhere -- and now they know it." Senator Scott Brown (R MA)
Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


All times are GMT -5. The time now is 06:16 AM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.2.0