Lets make one thing clear. Republicans do not object to government spending. If fact, they love to spend YOUR money on such things as financing the cost of moving YOUR jobs to third world countries where Vulture Capitalists can exploit workers to rake in more profit, which they then keep offshore so YOU get to pay their share of taxes too. To increase welfare for the rich, Republicans are about to impoverish 1.3 million Americans right away and up to 4.8 Million next year.
Unless Congress acts, during the last week of December an estimated 1.3 million people will lose access to an emergency program providing them with additional weeks of jobless benefits. A further 850,000 will be denied benefits in the first quarter of 2014.
Congressional Democrats and the White House, pointing to the sluggish recovery and the still-high jobless rate, are pushing once again to extend the period covered by the unemployment insurance program. But with Congress still far from a budget deal and still struggling to find alternatives to the $1 trillion in long-term cuts known as sequestration, lawmakers say the chances of an extension before Congress adjourns in two weeks are slim.
As a result, one of the largest stimulus measures passed during the recession is likely to come to an end, and jobless workers in many states are likely to receive considerably fewer weeks of benefits.
In all, as many as 4.8 million people could be affected by expiring unemployment benefits through 2014, estimated Gene Sperling, President Obama’s top economic adviser… [emphasis added]
Inserted from <NY Times>
Photo credit: Washington Liberals
While millionaires, billionaires, and corporate criminals have more than enough wealth snake-holed away in offshore tax havens to more than pay the entire national debt. Yet those same people $2 billion on government welfare for every $1 billion to help ALL poor people, not just the unemployed. So why are they doing this?