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| The Lies Continue - Unemployment in forum [Market-Ticker]
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Joejohns
Posts: 694
Incept: 2010-09-09
Banned
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Look , no serious sane person believes anything that comes from Pelosi/Reid.
Their very reason to be is to secure money for their supporters and we know that a large amount of them are the benefit-suckers!
No pug or currently serving TeaParty supporter should support this******of the country. If none of them will stop this bastard compromise then they are not worth the air they suck. Stop it now until the next CONgree is seated if you believe what you ran on.
If Demint doesn't stop this whole******then he should be taken out.
STOP NOW.
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Gloomboomdoom
Posts: 236
Incept: 2010-06-25
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I am working on my list of predictions for 2011, currently.
I expect a HARD 180 degree turnaround in Obama's approval rating (As they have already began to turn around).
He is gonna win in 2012, it's a done deal as far as I am concerned.
My friends told me I need to shut my mouth... "The economy is recovering, we still have a long way to go but the worst is behind, the stock market is surging upwards, etc".
It is becoming increasingly difficult to "rally" around specifics due to the fact popular issues have been hijacked or are no longer of imminent crisis like in 2008. *sigh*
Both Warren Buffet and Bernanke have gone on record now saying we fixed this...
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Joejohns
Posts: 694
Incept: 2010-09-09
Banned
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He is 50-50 not to run. Take one for the team ala LBJ , what with his "war" and all.
Scam that he is. What an empty suit , what a con and failure.
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Tdaly
Posts: 621
Incept: 2009-03-02
Lake Wylie SC
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I called DeMint's office this morning and he hasn't decided. Lindsey Graham is voting yea on this. Call DeMint's office and let him know 202-224-6121
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Damnitalready
Posts: 158
Incept: 2009-12-07
Texas
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Quote:That is, you in fact pay every single dime of Medicare, Social Security, and Unemployment tax that is allegedly "contributed" by your employer. The Federal Government simply mandates and legalizes the fraud of your employer in not disclosing this to you. Wha?! Next you're going to try to tell me that corporations don't pay taxes, either, that it's all passed onto the customer, investor, and employees... pssh.. </s> |
Themortgagedude
Posts: 8894
Incept: 2007-12-17
saint louis
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Gloom - your dead wrong - Obama will not be reelected in 2012 unless the Republicans run Miss Alaska against him. If the Republicans grow a sack and run someone like Chris Christie there is no way Obama beats him. I have my doubts that Obama will even make it thru the primary season without serious damage from his own party.
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I'm already visualizing you with duct tape over your mouth.
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Ct1977
Posts: 231
Incept: 2009-08-13
East Hartford, CT
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I too thought that, with extensions, you could collect 112 weeks on this new deal? Thats not the case?
I'm not too familiar with unemployment. I collected for three weeks back in 2004 when I was laid off by Citigroup. (They sold my division to MetLife and they canned us).
I do have mixed feelings on the 99 weeks though. I have a few god friends who went into sheetrock / drywall after high school. These guys have all been out of work for 2-3 years now.
These were guys that used to work 40-60 hours a week, making good money just a few years ago. None of them can find work and they have not given up. They're not sitting at home on their butts.
Do we just throw these people away? While 99 weeks is a burden on us the taxpayer, collecting unemployment is no vacation, you barely survive on what you get.
It makes me sick that people who want to work, can't. People, who are my friends, who were once proud tradesmen, reduced to paupers - barely surviving.
Yeah, some recovery....
Reason: Spelling
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Halfbrite
Posts: 2459
Incept: 2008-10-13
Arizona via California
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Ct, it's a good thing for your friends that you live a long way from the mexican border, or they would have been out of work since 1982! Sheetrock/drywall in the entire southwest paid $10/hour, back when it existed - people in that business were forced to work for pennies starting in about 1982 in the american southwest, due to illegal aliens flooding across the border and working in construction.
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"That which cannot continue, will not continue. Brace for impact!"
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Clintb350
Posts: 1521
Incept: 2008-01-19
Southern AZ
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Gen - Do you expect a significant decrease in the 9.8% rate as more 99 weekers roll off? Or will newly unemployed offset?
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Gloomboomdoom
Posts: 236
Incept: 2010-06-25
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Chris Christie could never win. Plus, I don't see why everyone loves him so much. He is just a bankers stooge like his predecessor, as far as I am concerned.
Canceling a key infrastructure project that would have employed thousands and contributed to the economy recovery already underway? That is political suicide if you ask me. SOME NERVE HE HAS!
He is just a stooge for the banks, like his predecessor. Where are the prosecutions? Why is he refusing to stand up for property rights and individual liberty?
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Abn0rmal
Posts: 9261
Incept: 2009-01-10
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Ct1977 wrote..It makes me sick that people who want to work, can't. Part of the reason that people can't work is the economy and part of it is political. At the same time that millions of people are unemployed the government keeps putting up more barriers to working. Pretty soon it's going to be a crime to grow vegetables in your garden and sell them to your neighbors, for example. If people didn't need to appease so many bureaucrats in order to get a license for the privilege of engaging in commerce more of them would be able to create their own jobs. |
Bohemian
Posts: 9662
Incept: 2010-07-27
Las Vegas
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Quote:We're going to have that debate on the floor of our House in the coming years if this crap doesn't stop ... There's going to a House in the upcoming years? We no longer live in a representative form of government. What House of Representatives? Fiscal conservatives? Really? Both Democrats and Republicans should be ashamed. But I'm sticking to my point that this brings about the collapse faster, so bring it. Good news in the longterm. Banks took bailouts, so until you treat the patient, not the symptoms, none of it matters. As you can see with the SEC/BAC payoff today, government still doesn't get it.
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"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin
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Spigot
Posts: 253
Incept: 2009-03-02
North East
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Clintb350, part of the underlying data the 9.8% is based on is the "Employment Participation Rate" which has been dropping steadily since 2000. So far they have carved off 2% of the available work force as "no longer participating", rather than "Long Term Discouraged Workers". Call it what you will, its still people not working when they are of working age.
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Drip, drip, drip...
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Gloomboomdoom
Posts: 236
Incept: 2010-06-25
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Quote:Both Democrats and Republicans should be ashamed. But I'm sticking to my point that this brings about the collapse faster, so bring it. Good news in the longterm. Do you honestly believe a Deflationary Depression will occur now that Bernanke, Buffet and all the rest declared the worst over? I don't see any "Collapse" coming. Sure, America will look much different in the coming decades. Especially demographic wise. The replacement rate is far below the level needed to preserve the White European heritage American has known since the Founding. By the time I am in my late 40s, like most of you on here, I wake up as a minority in a country founded by my own people. Of course, for even mentioning the above I am considered a "Neo Nazi". It is a shame. I am afraid to leave my house. Police everywhere! I cannot go a single mile without seeing a squad car sneering around looking for drama. I went to Italy in May (Great deal btw, Euro 1.23). NOT A SINGLE COP ON THE ROADS, EVER! NO accidents either. My 18 year old sister went into a bar with me, sat down and they poured her a shot straight up. I go with her to Jewel/Osco in my neighborhood, if she is even standing within 500 feet of my during check-out they harass me about "2 IDs, please". The Italian Prime Minister is a "Communist" and friends with Vladimir Putin. I also visited Russia in 2004. Honestly, the US media is worse than any horror movie I have ever seen. The United States is a classic example of a Police State, you got that? Russia and Italy now are in the cross-hairs of the US government due to the fact they want nothing to do with the 'Central Bank welfare/warfare' model practiced in the West. |
End_the_bubbles
Posts: 9596
Incept: 2009-03-25
The New 3rd World
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Quote:We're going to have that debate on the floor of our House in the coming years if this crap doesn't stop Why would the crap stop? And how can you even think we'll have a country left in a few years? This is the most fake economy of all time. Everyone is pretending we're going to be OK because the ****ing stock market is in another bubble. It's utter lunacy!
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
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Otiswild
Posts: 5677
Incept: 2009-03-09
Inside you, the force is!
Online
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Quote:Canceling a key infrastructure project that would have employed thousands and contributed to the economy recovery already underway? You mean, the one that would likely have saddled NJ with 2x the initial cost because of projected overruns? ISTR that the Big Dig had projected overrun estimates that were a bit.. optimistic.. ISTR that Christie would have been more than happy to continue on with the rail tunnel as long as the feds, NYC/NYS, or the Port Authority would cover the overruns. Not the actual COST which had already been agreed to, but only promising to cover OVERRUNS. So, he should have saddled NJ taxpayers with even more bonds in order to line the pockets of overpaid and mobbed-up union diggers? Why shouldn't PATH, NY or the feds have done so? ObTopic: I think if we're going to have any welfare kick in after insurance (paid into by employees) is paid out, it should come with training and service strings attached. |
Moonoverseattle
Posts: 3702
Incept: 2008-02-02
MOTEL 6
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the way things are going we will be lucky to even have elections in 2012 - hey gloom do you think Bernank can suppress treasury yields. Doubt it he will loose control shortly at this rate
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A democracy can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on,the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy
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Gloomboomdoom
Posts: 236
Incept: 2010-06-25
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Quote:hey gloom do you think Bernank can suppress treasury yields. Doubt it he will loose control shortly at this rate The debt-GDP in Japan is 200% wouldn't they blow up long before the US? |
Passchendaele
Posts: 353
Incept: 2008-12-17
Pacific Northwest
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Huh, every year I give my employees an itemized list of just how much they make/hour (pay plus bennies, fica, unemployement, etc). Had no idea that was illegal.
They want a raise: told them to talk to the state Dept. of Labor, who have raised my unemployement taxes over two years from $500/year to $4,000 year-- and I never had a single claim.
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I.knoknot
Posts: 9
Incept: 2009-04-18
Way West
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Karl,
do you happen to have a reference to the federal statute that forbids the itemizing of that information? this needs to be propagated in general. i had no idea, and am sure most 'merkins don't either.
while i understand why the feds do not want employers to publish this info, you'd think that that there would be some freedom-of-speech issues involved in preventing full disclosure of such a thing, even if it was just an FYI item.
"we're friggin' doomed" --mg
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-= common sense is not so common =-
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Genesis
Posts: 131443
Incept: 2007-06-26
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My understanding (from my long years in business) is that it's illegal to itemize it out. I was going to in our payroll system and was STRONGLY cautioned not to.
The law states that no part of a UE "contribution" or Payroll Tax can be "deducted" from an employees pay. The advice I was given was that itemizing this would almost-certainly be viewed by the DOL and Feds as a violation.
So I did the next best thing - I held an all-employee meeting once a year where I took the average of all hourly employees and ran a hypothetical that showed it - as a hypothetical. That passed legal's review.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Blackswan
Posts: 5591
Incept: 2007-11-06
Just outside of Philly
Online
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Shame we are not Japan.
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“It’s checkmate. Everywhere it’s checkmate.”
Hugh Hendry
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Donethat
Posts: 782
Incept: 2009-04-22
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My understanding is the FUTA is only on the first 7200 in annual wages. And yes we should hear about some state stories about the state jacking individual companies rate around. For the firms with low turnover the tax seems to be pretty low maxing out at about 5 or 6 percent for the first 7200.
Kind of dumb insurance, that pays on wages up to say 40,000 a year to get maximum benefits, but is only charged on the first 7200.
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Steelpiston71
Posts: 4905
Incept: 2007-09-05
Michigan
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Karl, I have access thru work to what is called my 'Total Compensation Package'. In it, in addition to my current Annual Base Pay, it also lists amounts for:
Social Security Contribution
Retirement Contribution
Medical Insurance (PPO 1, Family)
Prescription Drug Insurance
Dental Insurance
Employee Term Life Insurance
Long Term Disability Insurance
Tuition Waiver Applied to Date
All of which is sub-calculated and called: 'Annual Cost of Benefits'
The Base Salary and the Annual Cost of Benefits is then added to arrive at the 'Total Compensation Package', which is quite a bit more than the salary I would quote people.
Is this illegal?
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"We have resolution authority under Frank/Dodd... How about we USE IT?" Karl Denninger, 10/07/10 on the Dylan Ratigan Show, MSNBC.
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