[F1VENOM]

Originally Posted by Iamamartianchurch

Ha

I took your word for it. Damn. Oh well. I still stand by my claim that he is a stoner.

Still, almost two years of $30k is ridiculous.

[drgonzo]

Originally Posted by F1VENOM

Still, almost two years of $30k is ridiculous.

On its face it's not ridiculous, as the max payout here was about $28.6k/yr (it's about $26k now). But what is ridiculous is likening that to a payment from a full-time job.

[F1VENOM]

Originally Posted by drgonzo

On its face it's not ridiculous, as the max payout here was about $28.6k/yr (it's about $26k now). But what is ridiculous is likening that to a payment from a full-time job.

God damn I need to move to Hawaii and get on the dole.

[2ffu]

Originally Posted by licence2kill

I'm gonna depart from dub here as I don't see it as a banking problem but an NGDP problem (total dollar spending in the economy) that's being held back by tight monetary policy. Bank's aren't lending and businesses aren't expanding because the aggregate level of spending in the economy is too low and they expect it to be in the future too. That's why demand to hold treasuries is so high across the board.

Also, there is no skills gap, or at least there isn't a bigger one than there was before the crisis. If there was we'd see wages being aggressively bid up by firms trying to attract skilled workers. Of course, we don't see that at all in the data.

How much more loose could our monetary policy be?

The "data" may not say there is a skills gap but in the real world there is. If there wasn't microdoft wouldn't be lobbying to bring in more hb-1 software engineers.

Originally Posted by drgonzo

I just noticed this, what the **** is this bull****?

growing trend of those who run our of UE to attempt to get social security dissability income.

http://townhall.com/columnists/micha...ity/page/full/

Originally Posted by F1VENOM

I agree, not being able to convert 99 months to years and realize how ridiculous 8.25 years of UI sounds is scathing. Pretty sure he has a college degree in something financial.

I double majored in accounting & finance

Originally Posted by F1VENOM

I fail at reading.

waiting for the apology....

Originally Posted by Iamamartianchurch

Botany.

He had trouble converting months to years, because years aren't broken down into grams, dimes and kilos. Well....maybe his are.

go piss on steve job's grave, he dropped acid.

Originally Posted by drgonzo

On its face it's not ridiculous, as the max payout here was about $28.6k/yr (it's about $26k now). But what is ridiculous is likening that to a payment from a full-time job.

First of all you can admit I was correct but slightly off on the numbers

I know, it's even worse because you don't have to do **** but sign up.

Also since you don't think I should be in the field I'm in, let us discuss what it is that you do for a living.

[drgonzo]

Originally Posted by F1VENOM

God damn I need to move to Hawaii and get on the dole.

All you need to do is get a job that pays about 30% more than that, work long enough to accrue credits, have no intention of quitting, then lose that job through no fault of your own. Simple.

Oh yeah, and hope congress gets off its ***, because all that ends in about, oh, 4 weeks.

Anyway, there are other states with about the same or better benefits, but given our cost of living, people are probably better off in many of these places:

Originally Posted by 2ffu

growing trend of those who run our of UE to attempt to get social security dissability income.

http://townhall.com/columnists/micha...ity/page/full/

In other words, made-up bull****. As I thought.

Originally Posted by 2ffu

First of all you can admit I was correct but slightly off on the numbers

No, you were not correct. A $28.6k UI payment is NOTHING like $40k full-time job. A full time job includes benefits, while at that UI rate, you will lose access to all benefits, most notably health insurance. A job doesn't have a 6-month lifespan, or maybe 12-18 months while a one-in-a-lifetime exception lasts.

You apparently have no freakin' clue about how the social safety net works, yet you feel qualified to make all sorts of horse**** comments on it.

[benji25]

Originally Posted by drgonzo

A full time job includes benefits, while at that UI rate, you will lose access to all benefits, most notably health insurance.

Except you don't because of Obamacare

[drgonzo]

Originally Posted by benji25

Except you don't because of Obamacare

That aspect of Obamacare will not kick in until 2014.

[2ffu]

"$28.6k UI payment is NOTHING like $40k full-time job. A full time job includes benefits, while at that UI rate, you will lose access to all benefits, most notably health insurance. A job doesn't have a 6-month lifespan, or maybe 12-18 months while a one-in-a-lifetime exception lasts.

You apparently have no freakin' clue about how the social safety net works, yet you feel qualified to make all sorts of horse**** comments on it."

You are a clueless, ****ing idiot if you think working 2080 hours, plus the time to drive to work, plus gas expenses for $40k- taxes is some how better than getting 28k in bennifits FOR NOT DOING NOT A MOTHER ****ING THING.

[dub CRISP]

what about the fulfillment of being a productive member of society? You don't get that with UI benefits.

[drgonzo]

Originally Posted by 2ffu

You are a clueless, ****ing idiot if you think working 2080 hours, plus the time to drive to work, plus gas expenses for $40k- taxes is some how better than getting 28k in bennifits FOR NOT DOING NOT A MOTHER ****ING THING.

It is far, far better. Both from firsthand experience and from objective analysis. In fact you HAD to have been doing just that with no intention of stopping in order to have qualified for that much UI benefits in the first place. And, the idea that UI happens without you doing anything is similarly bull****, you are required to look for a job. So you are all kinds of wrong, on top of already being wrong.

Oh, and it seems like you are unaware, but UI benefits are taxed as well.

[licence2kill]

Originally Posted by 2ffu

How much more loose could our monetary policy be?

There is virtually no bound. Quantity Theory of Money states that MV=PY, where M is money stock, V is money use (velocity), P is price level, and Y is real output (so PY = NGDP). Central bank can move M by a 100000000000000000% if they wanted to, meaning they can control PY.

The "data" may not say there is a skills gap but in the real world there is. If there wasn't microdoft wouldn't be lobbying to bring in more hb-1 software engineers.

Companies have been lobbying for more immigration since well before the crisis. Maybe if right wingers like yourself weren't so racist they would actually get it too.

[licence2kill]

Also, please addresss this:



http://www.frbsf.org/publications/ec.../wp11-05bk.pdf

[TheSilentAssassin]

Originally Posted by licence2kill

Also, please addresss this:



http://www.frbsf.org/publications/ec.../wp11-05bk.pdf

This is the third time posted, 2ffu. Stop ignoring evidence that is contrary to your bull**** worldview.

[2ffu]

Originally Posted by drgonzo

It is far, far better. Both from firsthand experience and from objective analysis. In fact you HAD to have been doing just that with no intention of stopping in order to have qualified for that much UI benefits in the first place. And, the idea that UI happens without you doing anything is similarly bull****, you are required to look for a job. So you are all kinds of wrong, on top of already being wrong.

Oh, and it seems like you are unaware, but UI benefits are taxed as well.

section 8 vouchers, EBT cards, obama phones, medicade, utility subsidies.... What's the value to of all that added up?

Originally Posted by licence2kill

There is virtually no bound. Quantity Theory of Money states that MV=PY, where M is money stock, V is money use (velocity), P is price level, and Y is real output (so PY = NGDP). Central bank can move M by a 100000000000000000% if they wanted to, meaning they can control PY.

Ok how much should we pay people to borrow money? The fed funds rate is .25% , where should we take this to? -50% interest rate?

Companies have been lobbying for more immigration since well before the crisis. Maybe if right wingers like yourself weren't so racist they would actually get it too.

The point is that there are jobs in the USA, lots of them, high paying ones with good bennifits....

[licence2kill]

Print money and purchase t-bills and keep buying them until the economy recovers. Negative interest rates don't work when cash can take physical form. In the future, with an all electronic cash system, negative interest rates would be a great solution to conquering the zero lower bound.

[drgonzo]

Originally Posted by 2ffu

section 8 vouchers, EBT cards, obama phones, medicade, utility subsidies.... What's the value to of all that added up?

Zero. You aren't eligible for any of that receiving that level of UI. Which is a major, major gap in your knowledge that completely destroys your case and invalidates your thoughts on the topic.

[TheSilentAssassin]

The ignorance of the wellfare system is quite astounding. I truly am not sure if it is due to propoganda and misinformation from the right or is simpy another thing to add to the list of american incompetencies. Or both. Probably both.

[barrel roll]

My migraine is starting to kick in, so I'm not reading too far back into this WAY off topic discussion...

but

While I was maxing out unemployment, between Feb and Jun of 2011, I would have been eligible for the majority of the things listed by 2ffu if:
a) I had not been married (living together)
or
2) my wife had not been working

[drgonzo]

Originally Posted by TheSilentAssassin

The ignorance of the wellfare system is quite astounding. I truly am not sure if it is due to propoganda and misinformation from the right or is simpy another thing to add to the list of american incompetencies. Or both. Probably both.

To be fair, this is not something people would tend to know unless they actually dealt with it, but a person should not act like they know if they clearly don't.

Originally Posted by barrel roll

My migraine is starting to kick in, so I'm not reading too far back into this WAY off topic discussion...

but

While I was maxing out unemployment, between Feb and Jun of 2011, I would have been eligible for the majority of the things listed by 2ffu if:
a) I had not been married (living together)
or
2) my wife had not been working

Presuming it was in florida or georgia, those are two of the stingiest states for UI benefits at $275/wk and $330/wk max benefit. Those are equivalents of $14.3k and $17.16k annually, respectively. And as you noted, that would only make you eligible for all of those benefits if you had at least one other household member and no additional income (i.e. 2+ household). That would be over the limit for a single earner.

[2ffu]

Originally Posted by drgonzo

Zero. You aren't eligible for any of that receiving that level of UI. Which is a major, major gap in your knowledge that completely destroys your case and invalidates your thoughts on the topic.

I'm talking about people who do not work and collect all those bennefits and have been doing so for years.

Originally Posted by drgonzo

To be fair, this is not something people would tend to know unless they actually dealt with it, but a person should not act like they know if they clearly don't.

I have dealt with it, I PAY FOR IT

Have fun gonzo, I'm done with this. I'm not wasting anymore of my time with a mid 30's, leftist, internet troll, with the intellect of a hampster.

I'll take fries with my order btw

[TheSilentAssassin]

Originally Posted by 2ffu

I'm talking about people who do not work and collect all those bennefits and have been doing so for years.

Gonzo's point is that this doesn't really exist. You have yet to show any evidence that it does.