Send a Tweet
Most Popular Choices
Share on Facebook 3 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds    H3'ed 6/19/12

"Financial uncertainty" good for the poor, not for the rich

By       (Page 1 of 1 pages) (# of views)   No comments
Author 8272
Message Jim Hightower
Become a Fan
  (45 fans)
Cross-posted from Hightower Lowdown


(Image by Unknown Owner)   Details   DMCA

Outraged Republican lawmakers rise up on their hind legs and howl in protest at any suggestion that Washington should finally end the special, decade-old tax break given to millionaires and billionaires. Never mind that these privileged one-percenters are doing extremely well and don't need more taxpayer handouts, their Congressional defenders wail that any cuts in their tax benefits would spook the elites by creating "financial uncertainty" for them.

Meanwhile, these same lawmakers howl in outrage about the meager unemployment payments going to America's hard-hit, out-of-work families who actually need a helping hand in today's jobless economy. More than five million of our fellow citizens have been unable to find jobs for half-a-year or more. To tide them over to better times, Congress begrudgingly okayed a supplement to state unemployment funds in February, supposedly allowing up to 99 weeks of jobless benefits.

But, lawmakers, who are so sensitive to the delicate temperaments of the one-percent, struck these "99ers" with a clause that builds "financial uncertainty" right into the law. They quietly reduced the total number of weeks of extended aid available to the jobless and made it more difficult for states to qualify for the supplement.

The result is that unemployed people in 23 states have already been stunned to find that they've lost up to five months of benefits they were entitled to. Already, about half a million jobless Americans have been cut off prematurely from payments that make the difference between hanging on ... and plunging into poverty.

Adding insult to injury, these knock downs are rationalized by the right-wing howlers as necessary. Why? To prevent the unemployed from becoming dependent on public help -- a concern that is not expressed about extended tax giveaways to the super-rich.

"U.S. Winds Down Longer Benefits For The Jobless," The New York Times, May 29, 2012.

 

Well Said 1   Supported 1   Valuable 1  
Rate It | View Ratings

Jim Hightower Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Jim Hightower is an American populist, spreading his message of democratic hope via national radio commentaries, columns, books, his award-winning monthly newsletter (The Hightower Lowdown) and barnstorming tours all across America.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Trans-Pacific Partnership is not about free trade. It's a corporate coup d'etat -- against us!

Trump Hates the American Public -- Here's How He Reveals His Disdain

The Post Office is not broke -- and it hasn't taken any of our tax money since 1971

The plutocrats who bankrolled the GOP primaries -- and what they want in return

Citizens United Against Citizens United: A Grassroots Campaign to Restore Democracy

The Audacity of Greed

To View Comments or Join the Conversation: