Monday, July 20, 2009

By August, 65% of all filers for unemployment insurance will have run out of

Out of work, out of benefits, out of luck

NEW YORK (CNNMoney.com) -- The next bubble in the recession is about to burst. More than 650,000 Americans will have used up all of their unemployment benefits by September, in what experts say could be the start of a looming crisis.

Posted by mark @ 01:31 PM (1275 views)
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7 thoughts on “By August, 65% of all filers for unemployment insurance will have run out of

  • What happens after this benefit runs out in the American system?

    Do they let them starve?

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  • general congreve says:

    Send them to the soup kitchens Great Depression style.

    Or maybe ship the younger ones off to fight for the NWO in Afghanistan.

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  • dead spider says:

    http://money.cnn.com/galleries/2009/news/0907/gallery.unemployment_benefits_expired/index.html

    “I applied for unemployment, and I received the maximum $528 a week before taxes.”
    /
    “I’m grateful for the checks I’ve received for the past year, but I just wish I could keep getting them somehow. “

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  • @1 wdbeast

    Talkng of starve, what about the families of those that lost their jobs?

    If roughly 3 million are going to be out of benefits soon, then surely this is 10 million when including the family?

    What about those that were laid off early 2009? Thats another few million as well in the pipeline.

    True unemployment figures are going to be more like 30%..at least.

    Massive shocks coming soon, maybe late this year or next.

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  • stillthinking says:

    There are enough people denied access to benefits in the UK, lest we forget and get on some high horse. A requirement for low unemployment figures…
    The Americans are just plain obsessed with wealth, much worse than the UK, my opinion after spending some time in the US is that even poor Americans don’t want to improve their situation, because it ruins their fantasy dream of wealth. You do, after all, need dirt poor people if you are to truly enjoy riches… its a trade off they all willingly accept. Unfortunately they die poor in the end.

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  • shipbuilder says:

    That’s in interesting point, stillthinking, if I read you correctly. Wealth is relative – no point in having the nice car and house if everyone else has it as well?

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  • That’s covered by the word ‘anomie’ – when used in a criminology context.

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