Fox Business
  • Shows
    • After the Bell
    • Cavuto
    • Closing Bell
    • Imus in the Morning
    • Lou Dobbs Tonight
    • MONEY with Melissa Francis
    • Stossel
    • Tom Sullivan
    • Varney & Company
    • The Willis Report
  • Watch Now

    All times eastern
    • Web Shows

    • Fox News channel

    • Fox Business Network

    • Login

    Welcome,  

    • Profile
    • Logout
  • Home
  • About John Stossel
  • John Stossel's Take
  • Full Episodes
    • Safety Net Becomes a Hammock

      Posted by John Stossel | June 15, 2010

      •  Print
      •  Email
      •  Share
      •  Comments
      •  Recommend
      • Tweet

      This week the NY Times expressed outrage at Congress’ reluctance to extend federal unemployment benefits.  

       “Desperately needed unemployment benefits have been held hostage …The right thing to do is obvious. The House and Senate should immediately extend unemployment benefits and aid to states...”  

       The vote is scheduled for later this week.  Congress had previously extended payments to 99 weeks, but May 30 was the deadline to file for this extension and its renewal is now up for debate. I play volleyball with young people who milk the system.  They work for awhile, get fired, play volleyball fulltime, and then go back to work when their benefits expire. 

       At what point do we say enough is enough? The Times kindly provided us with an estimated additional cost to support extended benefits through November: $40 billion.

       I’d like to think that the majority of the unemployed are needy people who need those checks to support them during the daily job hunt.  But I suspect otherwise.

      In Spain, the jobless can receive compensation for up to two years. Unemployment in Spain is also now approaching 20 percent. Coincidence? I think not. Of course, I’ll never convince The Times.

       “Unemployment benefits are correctly considered emergency spending — they are a vital safety net, and the money is crucial to supporting consumer demand in a weak economy”

      I thought that a “safety net” is something used to catch someone when he is falling. Not half a year after he fell. By that point he has been slowly and safely lowered to the ground. It’s his turn to stand up.

      TAGS
      Economy
      Government
      Unemployment
      •  Print
      •  Email
      •  Share
      •  
      •  Recommend
      • Tweet

    You must login to comment.

  • JOHN HAS A NEW BOOK! ORDER TODAY

    ADVERTISEMENT

    This Week's Show -- May 23, 2013

    Much of what we think we know about oil and gas... is not so.

     

    People assume the auto industry hates regulation. But big companies actually benefit from tough regulations. Amphibious vehicles would make great rescue vehicles for places with a lot of lakes and rivers but big automakers are so comfortable with current regulations that they join the government in resisting innovation.

     

    Some say we need to decrease our dependence on oil, but without oil...we would be without more than just gasoline. Stossel asks his audience to guess which products aren't made from oil.

     

    Then a debate on Ethanol. Stossel says "growing our way to energy independence" is a myth.

     

    Stossel talks with people in Times Square... they seem to think all of our oil comes from foreign sources. They are wrong.

     

    Most people say gas costs too much. Stossel says we should thank the oil industry when we fill up, because gas is cheap.

     

    Popular Posts

    • Most Read
    • Most Commented
    • April 25, 2013

      Free Market Medicine (Airs Sunday at 10PM ET on FNC)

    • April 30, 2013

      Train Wreck Ahead

    • May 02, 2013

      Rumble in the States (Airs Sunday 10PM ET on FNC)

    • May 08, 2013

      Government's Bogus Study on Chinatown Busses

      Connect with Stossel

      • MyspaceMyspace
      • FacebookFacebook
      • TwitterTwitter
      • MailEmail

      Browse Posts

      • Popular Topics
      • Archives
      • Government (525)
      • Fox Business Appearances (162)
      • Regulation (132)
      • Politics (104)
      • Economy (75)
      • Education (65)
      • Fox News Appearances (54)
      • Pre-October 2009 (262)
      • Economics (147)
      • Syndicated Column (128)
      • Health Care (76)
      • Free Market (67)
      • Media (57)
      • Waste (53)
      • May 2013 (9)
      • April 2013 (12)
      • March 2013 (13)
      • February 2013 (9)
      • January 2013 (10)
      • December 2012 (9)
      • November 2012 (11)
      • October 2012 (16)
      • September 2012 (10)
      • August 2012 (13)

      Latest Stossel Videos

      • Does America Need Energy Independence?

      • A Real Way to Save on Gas

      • What Does America Get From a Barrel of Oil?

      • Overregulation Nation Hampering Economy

      • Need a “Lyft”

      • Government: Small Business Killer

      • Stossel: Can’t Fix Government When It’s That Big

      • Stossel - 04/25/2013

      • Stossel - 04/18/2013

      • Stossel - 04/11/2013

      1 of

      Previous Slide Next Slide

      About Stossel's Take

      Stossel hosts a new show dissecting the news of the day and its effect on your wallet. Plus, the latest scams, hidden fees and other ways companies take advantage of consumers.

      Fox Business

      Shows

      • After the Bell
      • Imus in the Morning
      • Stossel
      • The Willis Report
      • Cavuto
      • Lou Dobbs Tonight
      • Tom Sullivan
      • Varney & Company
      • Markets Now
      • Closing Bell
      • MONEY with Melissa Francis

      Networks

      • Fox News
      • Fox Business

      Search

      This material may not be published, broadcast, rewritten, or redistributed. ©2013 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes. Privacy - Terms

      Connect with John Stossel

      Follow fbnstossel