Sen. Bunning (R): Tough sh*t unemployed.

Page 4 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,591
5
0
There is already $$ available for this purpose. Use them vs adding in more deficit.
The additional deficit will somehow never get paid down.

The Congress needs to stand up and draw a line in the sand at some point.
To always put off the hard decisions until tommorrow does not bode well.

Such an attitude has dug us deeper into this hole.
Using a crisis as an excuse to sidestep common sense does not help matters at all.

You'd think that strangling the efforts to build in other economies would go first since every dollar spent in your own economy goes into your own economy but no such luck.

I'm sorry Eagle, you're wrong on this one.

Congress has the funds already - the administration has not spent what was previously authorized. Spend those funds if it is determined that the unemployment extension is required. And also determine if the extensions will be continuing to be open ended. This will then create a permanent underclass. Those on unemployment for more that the original period should be placed into civil projects on a part time basis. Let the taxpayers benefit.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
Bush, is only the culmination of liberal agendas, where even a Republican, can tax, spend, and deny freedom of speech.

-John

Pure denial and obfuscation, obvious to anybody not mesmerized by the kind of Jingoism offered by Hacp....

Referencing GWB as "liberal" is desperate, not to mention pathetic.
 
Jun 26, 2007
11,925
2
0
Congress has the funds already - the administration has not spent what was previously authorized. Spend those funds if it is determined that the unemployment extension is required. And also determine if the extensions will be continuing to be open ended. This will then create a permanent underclass. Those on unemployment for more that the original period should be placed into civil projects on a part time basis. Let the taxpayers benefit.

That sounds like a great idea and during a strong economy where it could possibly work i would agree fully, right now i don't.

Then again, i'm airborne, basically your droppings so what do i know. ;)
 

Fear No Evil

Diamond Member
Nov 14, 2008
5,922
0
0
Just curious on this: Do you think the current unemployment rate is a consequence of people's lack of desire to work?

In SOME cases.. yes. In MOST, no. But, just curious on this, should unemployment be paid indefinitely? Its already been extended to nearly 3 times its normal amount.
 

Slew Foot

Lifer
Sep 22, 2005
12,381
96
86
Paying people not to work is the dumbest idea Ive ever heard.

That and Crosby is like #2 in the league in goals scored, so JOS doesnt know what hes talking about.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
Unemployment insurance was designed to operate within a structure where capitalists basically offered enough jobs to go around. It helped people to transition to a new job...

Structurally, that's all changing. Capitalists aren't actually investing in America, at all, but rather elsewhere. They still depend on being able to sell their manufactured products in the US, so they also provide lots of credit and foster borrowing on a governmental level, to stimulate the economy, of course.

Cut taxes at the top so they'll invest? Sure, except the intended results never materialize, because they don't invest here, but rather there. Not working out as planned? That's because the guys at the top need another tax cut. Do it, and they increase their investments, elsewhere. Starting to look bad? Increase govt employment, borrow the money to do it. Wash, rinse, repeat until they've offshored every decent paying job possible.

Extend unemployment benefits? Sure- they'll loan the govt the money to do it, draw interest. The margin is better than actually hiring people, and there's no risk, either, so why not...

Raise taxes at the top to stop the spiralling debt? Damned commies, socialists- it's class warfare, that's what it is! Envy! UnAmerican! Why, it'll reduce investment!

Perfectly circular thinking...
 

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,591
5
0
They will keep extending it until after the Nov elections. Politicians are scared to force a person off the government teat right before an election
 
Jun 26, 2007
11,925
2
0
Paying people not to work is the dumbest idea Ive ever heard.

That and Crosby is like #2 in the league in goals scored, so JOS doesnt know what hes talking about.

It's not about that, it's trying to keep people on their feet with conditions to constantly look for work. It's a sane choice.

Naturally i was talking about the Olympic games since that is what Canada fucking won, try to breathe a tad, your brain has to be fucking oxygen deprived for you to NOT understand that the Olympic Games were won by ONE goal and the FIRST goal OR assist scored by Crosby.

Fucking hell, it takes and Englishman to teach you about hockey?
 

Zorkorist

Diamond Member
Apr 17, 2007
6,861
3
76
Unemployment insurance was designed to operate within a structure where capitalists basically offered enough jobs to go around. It helped people to transition to a new job...

Structurally, that's all changing. Capitalists aren't actually investing in America, at all, but rather elsewhere. They still depend on being able to sell their manufactured products in the US, so they also provide lots of credit and foster borrowing on a governmental level, to stimulate the economy, of course.

Cut taxes at the top so they'll invest? Sure, except the intended results never materialize, because they don't invest here, but rather there. Not working out as planned? That's because the guys at the top need another tax cut. Do it, and they increase their investments, elsewhere. Starting to look bad? Increase govt employment, borrow the money to do it. Wash, rinse, repeat until they've offshored every decent paying job possible.

Extend unemployment benefits? Sure- they'll loan the govt the money to do it, draw interest. The margin is better than actually hiring people, and there's no risk, either, so why not...

Raise taxes at the top to stop the spiralling debt? Damned commies, socialists- it's class warfare, that's what it is! Envy! UnAmerican! Why, it'll reduce investment!

Perfectly circular thinking...
So, now that we are floundering, you are saying tax the wealthy (even more!), jhhnn?

Talk about desperate.

-John
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
So, now that we are floundering, you are saying tax the wealthy (even more!), jhhnn?

Talk about desperate.

-John

Even more than what? More than they paid pre-Reagan? or just more than the 17&#37; that the top 400 incomes paid on an average of $263M apiece in 2007? More than they'd pay in any other first world country?

The source of income in the country is shifting from work to investment, and from the middle class to the financial elite- has been for a long time. It's called Reaganomics, remember? It's called the World Economy, where we get to pay first world overhead on increasingly third world incomes, Listen to morons tell us that it's all our fault that their capitalist buddies broke the social and economic compact of the New Deal, the foundation of the middle class. It's just the way that the people at the top want it to be, complete with the chorus of useful idiots adoring them, emulating them, fantasizing that they, too, will be rich someday, when the sad truth is that the policies they support will just make more and more of them unemployed every day...
 

Zorkorist

Diamond Member
Apr 17, 2007
6,861
3
76
You are right about what is happening, but wrong about why it is happening.

It's the Government that is killing the average person. The American steel business is gone, because of Government. Semi-conductor business, gone. etc.

Minimum wage, taxation, etc., have killed America.

-John
 
Jun 26, 2007
11,925
2
0
But for HOW LONG? It used to be 6 months. Now its like 18 months.

I can't honestly say, the alternative as i understand it (in the US) is welfare where they get a tad less but OTOH the requirements for them to qualify are also less? I'm going by UK rules so i don't know if this applies in the US as well.

If it's like it is in the UK and the requirements to look for work daily apply then at least that is better than welfare where that requirement does not apply (which is fucked but that's another problem).

I don't have a good answer for you.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
You are right about what is happening, but wrong about why it is happening.

It's the Government that is killing the average person. The American steel business is gone, because of Government. Semi-conductor business, gone. etc.

Minimum wage, taxation, etc., have killed America.

-John

You are extremely well indoctrinated, that's for sure.

Most illegals get better than minimum wage.

Taxes? You have absolutely no idea what you're talking about.

In 1980, the top 1&#37; took home 8.46% of all income, and paid an average of 34.47% in federal taxes. In 2007, they took home 22.83% of income and paid an average federal tax rate of 22.45%.

http://www.taxfoundation.org/news/show/250.html

Yeh, let's cut their taxes some more, so we can borrow from them, instead... and they'll have more to invest in ways to offshore jobs faster than ever before...
 

Zorkorist

Diamond Member
Apr 17, 2007
6,861
3
76
Because those are Government figures...

22&#37; of your income goes to the Government.

Not one person(s).

-John
 

Narmer

Diamond Member
Aug 27, 2006
5,292
0
0
I can't believe some people here want to compare America to China. Either they're stupid or don't understand how much government intervention is in the Chinese economy.
 

lothar

Diamond Member
Jan 5, 2000
6,674
7
76
Thank you, Jim Bunning.
I've never liked your idiot views on the FED, but this move is something I support.
 

nobodyknows

Diamond Member
Sep 28, 2008
5,474
0
0
So, now that we are floundering, you are saying tax the wealthy (even more!), jhhnn?

Talk about desperate.

-John

So what is your alternative? Tax them less so they have more money to invest overseas?

It doesn't take a rocket scientist to see the shortcomings of that idea, especially if one has been paying any attention that last 20 years.

Of course one would need to be at least 40 years old to relate.
 

umbrella39

Lifer
Jun 11, 2004
13,819
1,126
126
You are right about what is happening, but wrong about why it is happening.

It's the Government that is killing the average person. The American steel business is gone, because of Government. Semi-conductor business, gone. etc.

Minimum wage, taxation, etc., have killed America.

-John

:cookie: