Extending Unemployment Benefits: Buying a Few More Months Before the Economy Inevitably Slows

[mEDITate-OR:

pay no attention to the size of the numbers cut off...

This interesting article, and great charts, show U.S. how many of U.S. are about to loose their UI.

Tis only 3.2 million of U.S. by the end of July

What that does NOT factor in, however, is "The multiplier effect"...

And there are two of them:

First, how many family members - you know, the kids - will be affected.

According to AP's Economic 101 that is 12.1 percent: Female heads of households

Second, how many other jobs will be lost due to the cuts in spending

According to others there is about to be another massive cut in local, state & education, police & fire jobs.

Two massive hits to the economy.

Which will drive down business sales and income, tax revenues at all levels and result is another cycle of cuts and losses.

It is called, far rightly, a Maelstrom..., tis a sucking sound.

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Extending Unemployment Benefits:

Buying a Few More Months

Before the Economy Inevitably Slows

http://seekingalpha.com/article/213071-extending-unemployment-benefits-buying-a-few-more-months-before-the-economy-inevitably-slows

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