In the words of The Great Curmudegon:
One gets the sense that elites have moved on, that the recovery is here and the foreclosure crisis is over. Neither is true.
I know how ironic this must sound, but Bloomberg reports that more and more Americans are exhausting their unemployment benefits without having found work.
What will become of them, when they have no money at all? Well, in the true spirit of the early Protestants who founded this great country, "The weak culls will have to fall by the wayside as nature intended. They are not of the Elect Of God, and therefore damned upon the Day of Judgment; and since their names are not writ in the Big Book O' Life™, who cares?"
Since the recession began, aid extensions added 53 weeks of assistance to the 46 weeks that had been in place. About 11 million Americans, roughly 70 percent of the nation’s jobless, in March received unemployment checks averaging $320 per week.
The challenge for lawmakers is that while benefits have reached record lengths, so has long-term unemployment. According to the Bureau of Labor Statistics, 44 percent of the jobless have been out of work for at least six months, the biggest share since the government began keeping track in 1948.
According to the Bureau Of Labor Statistics, a record 6.5 million workers have been unemployed for 27 weeks or more. A study by the Pew Fiscal Analysis Initiative which the Bloomberg article noted shows 3.4 million workers have been unemployed for more than a year.
So, the Math: 11 million unemployed. More than half of them have been unemployed for more than 6 months, and roughly a third have been out of work for more than a year. That doesn't count people who have already lost their benefits.
UPDATE: Time for this dog to find a new food bowl, and in the next six months. Other wise members of the pooch pack, look after yourselves, since no other dogs will.
Willie Wheelie Says: Sometimes Ya Just Gotta Hit The Road
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