Power Breakfast: Jobless benefits running out for thousands of Georgians, state taxes, Grady resignation, SunTrust repays

Do we really want to kick people when they’re down?

More than 22,000 Georgians receiving extended unemployment checks may lose them in May and June because Georgia legislators have not tweaked state law to match federal eligibility guidelines, AJC reporter Christopher Quinn writes.

Tens of thousands more residents could lose the benefits by the end of  the year, and time is running out in the General Assembly, which has only four working days left, Quinn reports.

“If we don’t take advantage of the extended benefits, which is 100 percent federal money, then those who are still unemployed will be dropped off and go down to zero income,” said Sen. Nan Orrock, D-Atlanta, who has been unable to get the issue attached to another piece of legislation.

“Those families will go down from a small unemployment check to no money at all.”

And the local economy will no longer have the estimated $175 million in unemployment money flowing through them, Quinn reports.

The federal government sent a letter to the state Department of Labor in December warning Georgia time was running out, Quinn writes. The extended benefits, which average about $244 a week in the state, kick in for 20 weeks after a recipient has used up 79 weeks of unemployment.

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29 comments Add your comment

Chris

March 31st, 2011
6:45 am

I guess the legislature had better things to do than help the unemployed. Like giving Sunday alcohol sales a vote when anyone with a brain can just stock up on Saturday. Or a last minute scramble to change the tax code to benefit corporations and hurt the middle class.

TnGelding

March 31st, 2011
7:45 am

TnGelding

March 31st, 2011
7:48 am

That money will be missed in our local economies. But maybe it’s time to bite the bullet. We can’t keep extending unemployment benefits forever. Or can we?

Cloudodust

March 31st, 2011
8:04 am

Business has no incentive to date to fill slots that disappeared two years ago as long as the goverment checks keep rolling in for the unemployed. They are still getting theirs at the cash register without the added expense of building their payroll. It’s a real catch 22 for all. I was laid off in MAR of 2009 and have recently seen PT and seasonal work becoming more available. In many cases for the unemployed, PT work is a pay cut from unemployment benefits. $10.00 hourly jobs are cropping up and IMO, it’s due to the old theory that ‘You’ve got to spend money to make money’ for businesses. There are a bunch of us seasoned unemployed that will begin to fill the seasonal jobs which are still a long way from the life we led before the massive wave of lay-offs began. All in all, there has to be an end game for business and for the unemployed. Maybe the Governor/Legislature is forcing the hand of business more than hurting those whose benefits are set to expire. As a worker whose best years are behind him, I’ll grudingly accept one of these temporary seasonal gigs in the hope that it will open a real door to personal prosperity. The only thing I’ve got to lose is a household goverment bailout…

Destin Dawg

March 31st, 2011
8:14 am

Maybe it’s time for the unemployed to get a job ???? don’t just send out resumes… there are jobs out there… in fast food/casual dining… home health care / nursing… handy man/lawn care… then get training to up grade jobs skills while working at least part time

Road Scholar

March 31st, 2011
8:19 am

Cloudodust: “Business has no incentive to date to fill slots that disappeared two years ago as long as the goverment checks keep rolling in for the unemployed. ”

What? Businesses are sitting on their profits because…. it’s soooooo uncertain out there. Wait! The tax cut agreement was suppose to eliminate the fear of the unknown, as stated by many conservatives. The tax cut was supposedly to allow companies to throw off the cloak of fear. Instead they have covered their a$$e$, working their workers to death, and are reaping huge profits.

TS

March 31st, 2011
8:36 am

Maybe this is a bitter sweet situation, if a person is on their last leg it makes them react. For example if you corner an animal with no where for him to run they’re going to attack you.

So if people run out of money that will make them get up and out and either find a part time job or create their own job(cut grass, do hair, clean houses/businesses, etc.)

After all, a person has to say enough is enough regardless of what the economy is doing!

HARDWORKER

March 31st, 2011
8:43 am

Sadly, there are a number of men and women who will ride the gravy train as long as it is on the track. Finding a job today is WORK, but people are finding jobs and taking care of themselves in increasing numbers. One is not preparing themselves sitting home; watching TV; talking on the phone; eating junk food; and COMPLAINING! It is way past time that the government quit the payments and force folks to GROW UP AND TAKE CARE OF THEMSELVES!

williebkind

March 31st, 2011
8:47 am

Road Scholar

March 31st, 2011
8:19 am
You should put less sugar in that kool-aid! Why should businesses hire when the federal government will pay 10 weeks of salary to the employee for on the job training. If that employee does not work out then the employer can get another employee for ojt. There must be a viable opening but the employer can use the system eating up thousands of tax dollars. Working the workers to death? I have not seen that! But as for reaping in profits, most businesses are geared for profit. Are you a wage earner in a non profit organization?

Buzz G

March 31st, 2011
8:48 am

We need more pigs at the trough. Here piggy, piggy, piggy. Obama is here to feed you.

DW

March 31st, 2011
8:55 am

typical republican mantra: kick the little guy when hes down. As long as it doesnt effect someone white, rich, and christian, then screw em.

INTELLIGENT BLACK MAN

March 31st, 2011
8:57 am

Most Americans do not understand what the Federal Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. But the truth is that the institution with the most power over our economic system is the Federal Reserve. So exactly what is the Federal Reserve? Most people would say that it is an agency of the federal government. But that is absolutely not true. In fact, the Federal Reserve itself has argued in court that it is not an agency of the federal government. Rather, the Federal Reserve is a privately-owned banking cartel that has been given a perpetual monopoly over our monetary system by the U.S. Congress. This privately-owned central bank has been destroying the value of the U.S. dollar for decades, it has run our economy into the ground and it has driven the U.S. government to the brink of bankruptcy. The Federal Reserve operates in great secrecy, it has never been subjected to a comprehensive audit and it is not accountable to the American people. Yet the decisions that the Federal Reserve makes have a dramatic impact on the lives of every single American citizen. YOU PEOPLE JUST DON’T GET IT, DO YOU?

INTELLIGENT BLACK MAN

March 31st, 2011
8:59 am

The way our system is designed, normally no money comes into existence without more debt being created.

But this creates a huge problem, because when a new dollar is created, the interest owed to the banking system on that dollar is not also created at the same time.

Therefore, the amount money that is created is not equal to the larger amount of debt that is also created.

This is a Ponzi scheme that is designed to drain wealth from the American people and transfer it to the banking system.

Today, the amount of debt in our economic system is far, far, far greater than the total amount of money.

The only way to keep the game going is to create even more money which creates even more debt.

INTELLIGENT BLACK MAN

March 31st, 2011
9:00 am

In the United States today, the only people that can create money are the bankers.

You cannot create money.

You would go to jail if you tried.

Even the U.S. government cannot create money.

Although the U.S. Constitution specifically gives Congress the power to create money, the U.S. Congress has given that power to the Federal Reserve and to the banking system.

This gives them an enormous amount of power.

So how does money creation actually work?

Most Americans don’t understand this.

INTELLIGENT BLACK MAN

March 31st, 2011
9:01 am

If the U.S. government had been issuing debt-free money all this time, the U.S. government would likely not be spending one penny on interest payments. Instead, the U.S. government spent over 413 billion dollars on interest on the national debt during fiscal 2010. This is money that belonged to U.S. taxpayers that was transferred to the U.S. government which in turn was transferred to wealthy international bankers and other foreign governments.

This is where the magic of the Federal Reserve system is. It is in getting the U.S. government enslaved to debt and using that debt to transfer hundreds of billions of dollars of our wealth into the hands of others.

As interest rates go up, this phenomenon is going to become even more brutal. Right now it is being projected that the U.S. government will be paying900 billion dollars just in interest on the national debt by the year 2019.

As you fill out your tax return this year, just keep in mind that vast quantities of our money is going to pay interest on debt that the U.S. government never needed to become enslaved to.

There are some very happy people out there that are becoming fabulously wealthy at our expense.

What a system, eh?

Road Scholar

March 31st, 2011
9:19 am

willie: I was a govm’t worker/manager. I have seen “people being worked to death “in both the public and private sector. I guess when your shift was over you walked out the door; results didn’t matter to you?

If a worker is getting OJT, then he/she must have been hired, regardless of who is paying the bill. If they are “selecting” workers by how they perform, then I must question their future employee screening process. Yes, crappy employees can “fool” you in an interview and/or resume. Conversing with references can provide bad info, if they give you any at all. But if you ask the right question the right way, you can get the real answer, and thus, select the best person for the job.

So if a business is getting free OJT, why don’t they hire 3-4 people to compare their performance to keep one? Oh and you forget that they have to work for at least a year to get the deduction.

TnGelding

March 31st, 2011
9:52 am

Gingrey admitted at a THM Saturday morning in Cartersville that he didn’t fully understand the workings of the federal reserve. And neither do I.

Only one thing wrong with your theory, most of the interest the government “pays” is nothing but an accounting entry to itself. That does leave a considerable amount that is actually paid, with most of that going to us or institutions right here in the good ole USA. So it isn’t as dire as you suggest, nor as cynical in my humble opinion, but it needs to be seriously addressed.

Cloudodust

March 31st, 2011
9:55 am

Road : The current situation reminds me of a political cartoon back during the Clinton administration. Showed a worn out waiter telling another waiter, ” I work over 60 hours a week at three PT jobs and have no bennies, but I have work.”

IMHO, that’s a sad statement of fact today.

Road Scholar

March 31st, 2011
10:03 am

Cloud: Agreed. I worked for 34 years at the same place; I was promoted up the chain of command. Can’t say that anymore for most workers today.

Shadow7071

March 31st, 2011
2:14 pm

Once these unemployment benefits run out all of these folks will drop from the system and the official unemployment count. The unemployment rate in Georgia (and elsewhere) will drop significantly. Politicians will proudly report that the unemployment is turning around and that happy days are here again.

TnGelding

March 31st, 2011
2:45 pm

But that will be dutifully pointed out in their reports. So there is no conspiracy to hide anything. It’s always been like that.

Employees have changed as well as employers. Many don’t feel any loyalty and are ready to jump to the best offer on the table.

INTELLIGENT BLACK MAN

March 31st, 2011
3:24 pm

No response to any of my Federal Reserve postings? You people are the problem because none of you understand why or how the Federal Reserve is destroying this country.

Just keep on with your left vs. right arguments which will lead us nowhere! This is just a distraction, a dog and pony show meant to divide us. It’s sad but NONE OF YOU have a clue.

TnGelding

March 31st, 2011
3:30 pm

INTELLIGENT BLACK MAN

March 31st, 2011
3:24 pm

“Gingrey admitted at a THM Saturday morning in Cartersville that he didn’t fully understand the workings of the federal reserve. And neither do I.”

I had a very limited response. I’ve been hearing your argument for 6 decades. So far it has been wrong.

JM

March 31st, 2011
8:58 pm

Good call, Georgia lawmakers! Our children and grandchildren can’t ever be overburdened with taxes used to pay down Obama’s deficit if they die of malnutrition or lack of medical care when they’re young.

TnGelding

March 31st, 2011
11:35 pm

Our children and grandchildren are in line to inherit the part of $55+ trillion they don’t already own, poartially because we haven’t been willing to pay for the government we have. Don’t cry for me Argentina! Reagan quadrupled the debt and then Bush doubled it. When Obama reaches those levels come back.

more money

March 31st, 2011
11:37 pm

My unemployment benefits are running out in about 12 weeks. What am I supposed to do for money then? The government needs to extend my benefits another year and increase the amount I get–living on this chump change doesn’t pay all my bills.

TnGelding

March 31st, 2011
11:41 pm

You’ve got until June to find a JOB! Good luck!

TnGelding

April 3rd, 2011
7:08 am

Well, the jobs report was decent.

Will someone please tell the GOP the economy is growing AND adding jobs? Boehner is still talking like we’re in a recession.

Gucci Outlet Online

April 5th, 2011
8:53 pm

If psychologically prepared, all preparations have been completed!