Quote:
Originally Posted by spudcon
My understanding is the unemployment payments would be coming from stimulus money. How does giving unemployed people more money stimulate them to find a job, or create jobs. It's just more of the same old same old. Spend money we don't have, raise taxes to get the money, high taxes cause job losses, spend more money we don't have. This guy is retiring, We should encourage the rest of them to do the same.
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Another one who doesnt understand that the recovery act or "stimulus money" was not just about jobs.
One third of the funds was in the form of
middle class and business tax cuts, one third in the form of extended social services to those in need (UI extension, COBRA increase, and extension, SNAP, etc) and one third in grants/contracts for projects to create jobs.
The need for UI extensions was greater than anticipated which resulted in the current funding issue, which was why the intent was to pass a temporary 30 day extension,so those receiving UI wont lose those benefits until it could be addressed longer term through reallocation of recovery act funds for fy 10 or included in the jobs bill currently under consideration in the Senate.
As to the notion that "high taxes causes job loss", the 01 and 03 tax cuts that cost over $1trillion did not produce jobs, as promised. "Trickle down" economics has never worked.