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Unemployment benefits - at what cost?

Wednesday, Dec 28, 2011 - 02:37

Congress is hotly debating whether to extend unemployment benefits again for millions of out-of-work Americans. A key tripping point: how to pay for it? Republicans say the U.S. can't afford to. Democrats say the U.S. can't afford not to. We cut through the spin.

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Our insurance helps your ride it's been. Home insurance is good of a tree falls on him. And there's unemployment insurance if you lose your job. But there's one big difference -- health insurance are sold by private companies and unemployment insurance is provided by the government. A record number of Americans almost fifty million living in poverty last year. The congressional budget office's unemployment insurance -- more than three million households from slipping below that poverty line. Now as little insurance not everywhere qualified. He must have lost your job quote through no fault hero you have to demonstrate that your continuously looking for work that means no vacation. The average payout for state unemployment benefits last year it was about 12100 dollars a month. About 13 of an average monthly salary. States provide unemployment insurance for up to 26 weeks. But back in 2008 when it became clear that 26 weeks of benefits weren't enough to meet the into the growing unemployed. Federal government stepped in. Congress decided that the US would continue to pay out benefits for up to 99 weeks. The federal government is still paying for benefits three and a half years later at a cost of 64 billion dollars in 2011 a -- Why well because unemployment remains stubbornly high more than thirteen million people are out of work in America and about half receive unemployment them. That's a massive -- on the hotly debated deficit. Yet in an election year benefits are likely to remain -- helping Americans barely scrape by and adding. The country's --

Unemployment benefits - at what cost?

Wednesday, Dec 28, 2011 - 02:37

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