Millions of Americans set to lose unemployment benefits during holiday season

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  • Shaun Sandy, UT
    Dec. 2, 2012 10:31 a.m.

    @worf. Our monetary system is debt based(you can verify this by googling modern money mechanics or money as debt). The federal reserve "primary" responsibility is monetary policy and full employment. They hope to achieve this buy buying treasury bonds which puts more reserves in the banking system. As the result of more reserves banks can create ten times the amount of reserves by lending the newly created money.

    The problem is that quantitive easing(treasury bond buying) only will work when there is a demand for borrowing. Right now there isn't a strong demand for borrowing which essentially means our money supply is shrinking on a micro level. The only way to restore our economy is for the government to borrow money and try to infuse it at the micro level to get people borrowing money again. So far it has been a mixed bag because of politics and a missed opportunity of purely putting the stimulus into infrastructure projects only.

    I don't agree with our monetary system but advocating austerity doesn't work in a debt based system.

  • worf Mcallen, TX
    Dec. 1, 2012 9:25 a.m.

    Obama once said:

    * I will cut the deficit in half
    * George Bush is irresponsible and Un-Patriotic for increasing the deficit.

    Now in four years, the debt has increased sixty percent, and another 1.6 trillion (six thousand dollars per every American) is wanted with new taxes.

    Will some of those people who voted for Barack, please give an explanation. I really would like to know. This is something I really don't understand.

  • lost in DC West Jordan, UT
    Nov. 30, 2012 9:16 a.m.


    congrats on getting your job. I hope you do well there.

    We had a good option for putting more people back to work, but earlier this month just over half of us chose another way, the way of government dependency.

  • worf Mcallen, TX
    Nov. 28, 2012 11:47 p.m.

    Permits to open oil drilling, lowering corporate taxes, easing regulations, and Canadian oil pipeline. This would have created millions of jobs.

    May our liberal friends get what they voted for.

  • DVD Taylorsville, 00
    Nov. 28, 2012 9:15 p.m.

    "While people might disagree about the best use of government money, the argument that unemployment insurance disincentivizes job seeking doesn't hold up to scrutiny, according to a recent study. The federal program requires recipients to search for jobs. The study, by the Congress Joint Economic Committee, indicated that recipients of unemployment benefits look harder for jobs than those who don't receive benefits."

  • Makid Kearns, UT
    Nov. 28, 2012 3:12 p.m.

    What is sad is there are many people that think like plyxply in that all people on unemployment are lazy and not trying to find employment.

    I was unemployed for nearly 10 months. I was looking for work each day. I spent on average 10 hours each day looking. It took nearly 10 months of 10 hour days 7 days a week to find employment.

    Unemployment isn't a lifetime thing, it is there to assist people actively looking for employment. Without this service, crime would increase, homelessness would increase and the burden would increase on everyone else.

    While on unemployment, they are able to limit the dependency on others. In Utah, the maximum benefit after taxes is $1250 monthly. That's it. You don't get more but you could get less.

    One thing that most people don't realize, unemployment does end. The maximum time a person can be on unemployment is 6 months without Federal assistance. That is capped at 99 Weeks. No one can go beyond this. It just doesn't happen. There are places in the country where people have been looking for work for more than 3 years, no unemployment and no money to move. But it's their fault.

  • plyxply SLC, UT
    Nov. 28, 2012 2:12 p.m.

    Sounds like it's time the welfare recipients start looking for work.