number5 wrote:
Could you imagine the impact of NO unemployment insurance? It has kept a roof over the heads of millions who lost their jobs due to the foolishness and greed of the banks. Today, 1 out of 4 homes sold are foreclosed properties, usually sold at deep discounts. Without the unemployment benefits that have kept millions afloat, what would that number be? 2 out of 4, maybe 3 out of 4? Your equity, if you are fortunate enough to have any, is, in part, a direct result of unemployment insurance.
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An excellent argument for -amending- the U.S. Constitution so it would be unquestionably legal for the Fed to tax productive people to give money to people who do not, will not or cannot work. In the mean time Art I Sec 8 of the U.S. Constitution lists the powers of Congress and running an unemployment insurance scheme is not among these powers.
ruveyn