Denying Unemployment Benefits denies $16 Billion of Economic Stimulus

Denying Unemployment Benefits denies $16 Billion of Economic Stimulus!

Sean Lewis
June 30, 2010

The nationwide average weekly check to those receiving unemployment
benefits is $295.05http://unemploymentadvice.blogspot.com/2009_02_01_archive.html
That is $15,342.60 a year.

The US Poverty Figure is $16,245 for a single personhttp://www2.ed.gov/about/offices/list/ope/trio/incomelevels.html

Yet the GOP feels these people are getting a free ride?
Can that be the real reason to deny benefits?

Lets look at this again.

The sad fact is that nearly two million unemployed Americans will be
without benefits by July 10. That is 2 million people who are not
contributing to the economy!

That is over $2.3 Billion dollars not being circulated in local and
state economies!

You add the standard 7 fold multiplier for economic ripples and you
see a decrease of $16 Billions of stimulus!

The net effect will be a decrease in the economic indicators, and the
GOP will have ammunition proving the stimulus isn't working! Of
course they will also be the REASON the stimulus isn't working

My GAWD! Is that why the GOP is blocking the Unemployment
extensions!

Is this another case of putting the GOP Party Agenda ahead of the
American people and the Country even if is sabotages the recovery?
Those Bastards!