Millionaires Got $80 Million in Jobless Aid in Recession

Discussion in 'In the News' started by goodlove, Apr 5, 2013.

  1. goodlove

    goodlove New Member

    http://finance.yahoo.com/news/millionaires-got-80-million-jobless-000001735.html


    The U.S. government paid almost $80 million in unemployment benefits during the worst of the economic downturn to households that made more than $1 million, including a record $29.9 million in 2010, tax records show.

    Almost 3,200 households -- about 20 percent of them from New York -- that reported adjusted gross income of more than $1 million received jobless-insurance payments averaging $12,600 in 2010, the latest year for which figures are available, according to IRS data compiled by Bloomberg. Those payments outpaced the total incomes for about 25 million U.S. households.

    The $80 million represents less than 0.01 percent of this year's $845 billion projected deficit. Yet the unemployment aid to millionaire households underscores the lack of means-testing in some federal aid programs as the Labor Department reports new jobless figures today. The aid also is a reminder of the difficulty of reining in spending.


    read the rest of the article......

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    well where should we start? 47% are takers and does that include the 1%
     
  2. pettyofficerj

    pettyofficerj New Member

    get your hand out of my pocket
     

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