Monday, June 15, 2009

$25 + $25 + $25 + $25 = -$200

According to US News and World Report there are many people that are actually hurting more after the Congress and Obama approved giving unemployed workers collecting unemployment insurance an additional $25/week.

Essentially, for some people in some states who were collecting unemployment and food-stamp benefits---they found themselves making "too much money" to qualifiy for food stamps after they started receiving the $25/week bonus payments. So---that means for an incremental $100/month, these select few are actually receiving $300 less in food stamp benefits---hense 4x$25 = -$200.

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