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Less than $10k per. which over the course of a year is less than $200/week. Ya’ think these beneficiaries paid into the system much???


9 posted on 08/14/2012 8:05:33 AM PDT by Gene Eric (Demoralization is a weapon of the enemy. Don't get it, don't spread it!)
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Wonder what their party affiliation is.


11 posted on 08/14/2012 8:06:25 AM PDT by Gene Eric (Demoralization is a weapon of the enemy. Don't get it, don't spread it!)
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To: Gene Eric
Ya’ think these beneficiaries paid into the system much???

In most states the answer would be "No" because unemployment insurance rates are very low relative to the amounts potentially paid out in an economic downturn. For instance, a company might pay 2% on the first $8,000 of salary, or about $160 per employee per year. So to cover 19 months of unemployment that employee needs to be employed for more than 20 years. Statistically speaking in the modern economy that just doesn't happen.

I agree that the rules are what they are, so the millionaires should get their payments, but really they are just transfer payments from the rest of us to them since we'll have to pay off those bonds sooner or later.

That kind of government "math" when applied to "insurance" programs is why we have trillion dollar deficits.

28 posted on 08/14/2012 9:55:35 AM PDT by freeandfreezing
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