Nearly 2,400 people who received unemployment insurance in 2009 lived in households with annual incomes of $1 million or more, according to a new report issued by the Congressional Research Service. Now I don't care what your political views are, that's just insane.
The data was released after about 1.1 million people exhausted their jobless benefits during the second quarter of 2012, when more than 4.6 million filed initial unemployment claims, Bloomberg reports. Ditching payments to high earners is one idea being considered as U.S. lawmakers face a projected $1.1 trillion deficit for the fiscal year that ended Sept. 30, with the nationwide jobless rate at 8.1 percent, Bloomberg adds.
“Sending millionaires unemployment checks is a case study in out-of-control spending,” U.S. Senator Tom Coburn, an Oklahoma Republican, said in an e-mail. “Providing welfare to the wealthy undermines the program for those who need it most while burdening future generations with senseless debt.” The 2,362 people in millionaire homes represent 0.02 percent of the 11.3 million U.S. tax filers who reported unemploy- ment insurance income in 2009, according to the August report. Another 954,000 households earning more than $100,000 during the worst economic downturn since the Great Depression also reported receiving unemployment benefits.
And the blood of soliders continues to spill where don't need to be...not to mention the billions and billions of dollars wasted. How did we get to this place?