Unemployment Bailouts

Here We Go Again
Are you tired of government bailouts? Hold on-here comes another, just around the corner. It's called unemployment benefits. Back in the day of FDR (Franklin Delano Roosevelt) there were no unemployment benefits. Years later, after coming out of the Great Depression, we had created a new entitlement. Originally set to pay out-of-work individuals for 26 weeks, this seemed OK at that time. We had plenty of people working to cover the costs of this benefit.

Big Spenders
Our present Congress is addicted to spending (both parties). Neither side understands the idea of out national deficit. Neither! In the recent past, they extended unemployment benefits from 26 weeks by an additional 73 week extension for a total of 99 weeks in benefits. That's just short of 2 YEARS!! This was done at a time to try and save our economy and its unfortunate jobless victims.

This 73 week extension helped to balloon the cost of unemployment compensation so much that the employer payroll taxes collected were insufficient to pay for the new increase. Did you even know this?

Over the past three years, the federal government has payed-out $416 BILLION dollars in these benefits while only collecting $135 BILLION to pay for them. So where does the rest of the money come from? We either print it or borrow it from the Chinese. NICE HUH?

Fuzzy Math
This isn't fuzzy math, we're coming out short $281 BILLION dollars. Attention America: WE CANNOT AFFORD TO BE DOING THIS ANY LONGER!

This "benefit" is severely adding to the national debt which has now passed $15 TRILLION dollars ($15,000,000,000,000). We cannot pay-off this current debt because we are not bringing in enough to cover it. So why are we adding even more to it by adding ANOTHER ENTITLEMENT? This is just plain stupid and makes no sense whatsoever.

Insanity Continues
Unfortunately, your newly elected House of Representatives (GOP majority) is agreeing to the premise that this hand-out must be extended even longer at increased deficit spending compounding the national debt!! Unemployment compensation is becoming a permanent entitlement that PAYS INDIVIDUALS FOR NOT LOOKING FOR GAINFUL EMPLOYMENT. Why work when the government will pay you not to work? Seriously, why work at all when you can get paid for NOTHING?

Action To Take
Notify your representatives that this should NOT be extended any longer. We already pay people almost two years NOT to work and now Congress wants to make this over three years!!! Are they IDIOTS or are WE the stupid ones for allowing this to continue?