Tag Archives: Unemployment

Extending Unemployment Benefits

Other than the Political Feel-Good aspects, and beyond the political-duel, is there reason to extend Benefits?

The fact remains that on top of the current 1.2 Million by end of 2nd quarter 2014 an additional 1.9 Million workers will breach the 26 week long payout. Now, if your Harry Reid, Mitch McConnell or President Obama you may be thinking that at some point the Unemployment Rate will stabilize and we’ll run out of newly unemployed (not likely in the current environment); Problem Solved!  Well not actually, however putting that notion aside there is one other interesting argument (the only one) that suggests that extending benefits, mind you that’s $300 per week, will infuse the local economies with much needed fresh blood; really?

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