2 million unemployed to stop receiving checks in december!!

Discussion in 'Economics' started by S2007S, Nov 30, 2010.

  1. S2007S


    This news just out that 2,000,000 will stop receiving benefits this month alone, anyone ignoring this news better think twice, this news is going to start to become pretty important as it nears the countdown to those who stop receiving these benefits. As they keep saying every time they announce this is that these millions receiving these funds depend on them for food and rent, which means this could cause some uproar in the weeks to come, especially before the holidays where people need these benefits the most. I think they will extend them just for a month or so, 3 months maybe not, but certainly as this nears a vote they will come out of no where extending these benefits for more weeks to come.

    Unemployment extension unlikely; jobless file for last checks

    Tami Luhby, senior writer, On Tuesday November 30, 2010, 12:15 pm

    Although the deadline to file for extended unemployment insurance is officially Nov. 30, many jobless have already filed their last claim for benefits.

    And since lawmakers aren't likely to extend the deadline anytime soon, many more unemployed Americans will run out of their extended federal benefits in coming weeks. About 2 million people are expected to stop receiving checks in December.

    State unemployment agencies are very concerned about the impending end to these extended jobless payments, which they say people depend on to cover their rent and buy food.

    "It's a critical safety net program," said Nancy Dunphy, New York State's deputy commissioner of labor for employment security. "This is the worst time of year to be running out of benefits."

    Federal jobless payments, which last up to 73 weeks, kick in after the state-funded 26 weeks of coverage expire. These federal benefits are divided into four tiers of emergency unemployment compensation, which last between six and 20 weeks, followed by up to five months of extended benefits. The jobless must apply each time they move into a new tier.

    Unemployed Americans who've just exhausted their state benefits are already blocked from entering the federal system in most states. They would have had to file their initial federal claim by this past weekend.

    Those already in a federal emergency benefits system will not be able to move to the next tier after this coming weekend. However, they can continue to collect the benefits available in their current level. So those who just entered a tier could continue receiving benefits for awhile, but those who are near the end of their tier will see payments dry up sooner.

    Many of the jobless who are in the last stage of the federal safety net -- the up to five months of extended benefits -- will stop getting checks this month no matter when they started this level. That's because the federal government will stop fully funding this stage after Nov. 30.

    Not every state offers federal extended benefits, because they were required to split the costs of the program with the federal government. In fact, prior to last year, only 11 states offered this support. But when the Recovery Act put the federal government on the hook for the entire cost of extended benefits, 26 more states jumped at that offer and signed on.

    Just when those in the extended benefits program will see their last checks depends on where they live. In Michigan, for instance, the jobless could get payments through the rest of the year. But the unemployed in Nevada will not receive these benefits after Dec. 11.

    Regardless of when the jobless stop receiving benefits, the unemployed should check with their state agencies to see whether they should still file claims. That's because it will be easier for states to restart their payments should Congress extend the deadline to file for federal benefits.

    "If Congress passes the extension, we want to pick up where we left off," said Mae Worthey, spokeswoman for the Nevada Department of Employment, Training and Rehabilitation.
  2. BSAM


    'Bout time. But, won't they still receive a pension for getting paid for doing nothing for so long?
  3. It's come time for those who are chronically unemployed to start to rely on their own private networks (family, friends, etc) to get by. Otherwise, this bullshit of "just another one month or maybe three months of extensions" will be with us for the next twenty years.
  4. zdreg


    seeing is believing that cave in republicans won't extend benefits.

    how many made the wrong bet that the benefits will be extended? how many are working off the books? how many are in the process of starting their own business and using benefits for living expenses.

    the last scenario is useful since it might encourage entrepreneurship?

    in any case there are too many slackers who are quite comfortable working 6 months then taking 2 years off. some probably considered it parental leave like in Europe but under a different guise.
  5. Nevada Department of Employment, Training and Rehabilitation
    or NDETR
    In Debt -R- US
  6. The unemployed have been "too comfortable for too long".

    1. Round up and deport ALL illegal aliens (Do we really want to support "looking the other way" when it comes to violating Federal law about illegal immigration just so the Democraps can curry the Latino vote?)

    2. STOP extended UE benefits

    3. Many of the "comfortably unemployed" would seek work if there were no "comfortable UE benefit extensions" coming.
  7. another extension perhaps, just till things get better?
  8. zdreg


    that is the equivalent of changing your stop loss order.
  9. +1
  10. what nothing new or changing can change your stop-loss
    #10     Nov 30, 2010