Saturday, November 13, 2010

Administration: Unemployment Extension, Tier 5, Jobless Benefits & Government Cuts

Administration: Unemployment Extension, Tier 5, Jobless Benefits News & Government Cuts. The Obama administration is garnering a lot of criticism, as the Deficit Panel has revealed a "painful" list of changes that America needs to make to cut the looming deficits that our budget faces.

With all of this, will the unemployment extension take place? The GOP has expressed that they would extend the current tiers in place, but only if the Democrats cut spending or raise taxes by a complimentary amount. There's no talks of a Tier 5, and it's not on their agenda for the lame duck session.


So what does the deficit panel think needs to transpire? Well, there could be some job cuts in line for federal jobs - so some federal employees could join the ranks of the unemployed.

According to Herald News, the Deficit Panel's recommendations look like this: “enact tough discretionary spending caps” and find $200 billion in savings by 2015. Second: tax reform “that dramatically reduces rates, simplifies the code, broadens the base and reduces the deficit.” The third step addresses reforms of the health system. Fourth: mandatory savings from farm subsidies and civilian and military retirement costs. And fifth: reforms to Social Security to ensure its solvency “while reducing poverty among seniors.” You can read more, here.

What do you think will happen the unemployment extension, tier 5, and jobless benefits?

5 comments:

  1. HAPPY HOLIDAYS AND A HAPPY NEW YEAR FROM YOUR FRIENDS IN WASHINGTON DC!!!

    SINGLE FILE PLEASE....

    NOW BEND OVER, GRAB YOUR ANKLES (TELL YOUR HUNGRY CHILDREN TO DO THE SAME), NOW HERE COMES YOUR HOLIDAY PRESENT!!!!


    ENJOY!!!!!


    Ms. Pelosi

    And from all your friends in the Congress, the Senate, And the White house!!!


    Jingle bells jingle bells jingle all the way.....

    ReplyDelete
  2. There will also be extra left over food at your local dumpster for your holidays meals!!!!!


    HAPPY HOLIDAYS!

    ReplyDelete
  3. how much is being spent to send soldiers over seas, to fight wars we shouldn't???? yet 1.4 million are starving here???? reinvestment act??? do you know ANYONE who actualy got a job because of it???? WTF!!!! this is BULL***T.... F*** congress... F*** Obama... and F*** this system!!!!!!!!!

    ReplyDelete
  4. f*** THIS SHIT LET US DIE.I HOPE ALL YOU F***S DIE YOU CAN FEED YOUR FAMILYS.YOUR A BUNCH OF STUPID F***S IF YOU DONT THINK A TEIR 5 WILL MAKE A DIFFERENCE.NO MONEY NO SPENDING NO JOBS I HOPE YOU ALL GO TO HELL!!!!!!

    ReplyDelete
  5. i can't beleave we live in country were the goverment that has the power to help everybody that's out of work!by passing the tier5 and exstenting the current unemplyment.are to worried about the deficit!whats more important keeping people from losing there home's or creating job's and ending all the problem's!stop sending our job's to other country's!and give the people whats needed so survive the winter!are they blind and stupid!america needs people in office that will us and that aren't out for there for personll gane!!!!stop the greed and share the wealth

    ReplyDelete

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