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Bush Open to Signing Measure to Extend Jobless Benefits

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Nov 20, 2008.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Bush Open to Signing Measure to Extend Jobless Benefits - FOXBusiness.com

    The Senate is expected to take up this week a bill, already passed by the House of Representatives, that would extend unemployment insurance checks for up to 13 additional weeks for jobless people whose benefits have run out. The Senate vote could occur as early as Thursday evening and would require support from 60 senators to pass.
     
  2. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

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    Where would this extra money come from? Like would the gov't divert funds from another area, or is there a surplus of unemployment money to use?
     
  3. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    I am not sure Pete, but this is going to take us awhile to get out of. They were looking at doing this for the states that had unemployment of 6% or more.
     
  4. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

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    I didn't see in either article how long this law would be in effect for. Is it permanent or short term? Because, in the 1st article, it mentioned congress passing similar measures in the past.
     
  5. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Pete this in the last article.

    WASHINGTON--The White House says President Bush signed into law a bill that Congress approved to keep unemployment checks flowing to jobless Americans through the holiday season.
     
  6. BigDogsHunt

    BigDogsHunt Enough talk...prove it!

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    Bush signs jobless benefits extension - Yahoo! News


     
  7. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

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    I saw that part, but I didn't know if that meant that anyone who ran out after the new year was SOL or not.
     
  8. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Here you go Pete.

    http://finance.yahoo.com/career-wor...ment-Insurance-Benefits:-What-You-Should-Know


    The measure helps people whose benefits have recently expired, extending benefits by seven weeks in all states, and extending them for another 13 weeks on top of that in states with unemployment rates that have averaged 6% or higher over the most recent three months.
     
  9. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

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    lol, maybe I am just mis-typing what I mean. I see as to how long an individual's benefits are extended. I mean, is this a permanent law? Or will at the end of 2009 (for example), those 7 and 13 weeks will no longer be available.

    Sorry, my head hurts today. How permanent/temporary is this law?
     
  10. FinSane

    FinSane Cynical Dolphins Fan

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    thank god for the little welfare we have in this country
     

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