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Title: This Is Important: The Unemployment Insurance Extension Does NOTHING For The 99ers
Source: a
URL Source: http://www.businessinsider.com/does ... he-99ers-2010-12#ixzz17U0WdbvO
Published: Dec 7, 2010
Author: www.businessinsider.com
Post Date: 2010-12-07 22:52:32 by WhiteSands
Keywords: Obama
Views: 1565
Comments: 3

Just to be clear, the "extension of the unemployment benefits" is an extension of the qualifying dates for the various tiers of benefits, and not additional weeks of benefits. There is no additional help for the so-called "99ers".

Emergency Unemployment Compensation (EUC) comes in four tiers:
Tier I is for 20 additional weeks;
Tier II is for up to 14 weeks;
Tier III is for up to 13 weeks;
Tier IV is for up to 6 weeks.

As an example, if a worker was receiving Tier I benefits, they will be able to move to Tier II benefits with this proposed extension. Without the extension of the qualifying dates, workers would not be able to move to the next tier.

These two tables are from the Center for Budget and Policy Priorities. The total number of weeks depends on the state unemployment rate.

To repeat: this extension doesn't add additional weeks of benefits; it keeps the above structure in place for an additional 13 months.

Read more: http://www.businessinsider.com/does-the-unemployment-insurance-extension-help-the-99ers-2010-12#ixzz17UM4GqLT

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#1. To: WhiteSands (#0)

Just to be clear, the "extension of the unemployment benefits" is an extension of the qualifying dates for the various tiers of benefits, and not additional weeks of benefits. There is no additional help for the so-called "99ers".

Emergency Unemployment Compensation (EUC) comes in four tiers: Tier I is for 20 additional weeks; Tier II is for up to 14 weeks; Tier III is for up to 13 weeks; Tier IV is for up to 6 weeks.

Typical.

The US is now the pre eminent banana republic.

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The Greatest Heist in World History. $25 Trillion.

Trojan Horse in Tax Compromise: GOP Plan to Bankrupt States, Break Unions (Updated)

This alert came via James Pethokoukis of Reuters:

Congressional Republicans appear to be quietly but methodically executing a plan that would a) avoid a federal bailout of spendthrift states and b) cripple public employee unions by pushing cash-strapped states such as California and Illinois to declare bankruptcy. This may be the biggest political battle in Washington, my Capitol Hill sources tell me, of 2011.

That’s why the most intriguing aspect of President Barack Obama’s tax deal with Republicans is what the compromise fails to include — a provision to continue the Build America Bonds program. BABs now account for more than 20 percent of new debt sold by states and local governments thanks to a federal rebate equal to 35 percent of interest costs on the bonds. The subsidy program ends on Dec. 31. And my Reuters colleagues report that a GOP congressional aide said Republicans “have a very firm line on BABS — we are not going to allow them to be included.”

mcgowanjm  posted on  2010-12-08   9:26:18 ET  Reply   Trace   Private Reply  


#2. To: All (#1)

It's the Top 50 000 v the Bottom 98%.

When the daily violence of the State and the economy causes the evil part to explode, there is no point in being surprised if someone puts their feet on the table and refuses to accept discussion. Only then will passions get rid of a world of death. The Barbarians are just around the corner.

mcgowanjm  posted on  2010-12-08   9:30:32 ET  Reply   Trace   Private Reply  


#3. To: WhiteSands (#0)

Appreciate the clarification.

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-12-08   10:03:15 ET  Reply   Trace   Private Reply  


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