I noticed this gem this morning in a CNN story titled Unemployment benefits extension: What's at stake: “Jobless Americans have collected $434 billion in unemployment benefits over the past four years. Taxpayers have footed about $185 billion of the bill.” Obviously, I was curious about the source of the remaining $249 billion, being under the apparently naïve impression that nearly all government money comes from taxpayers. I followed the helpful link to their December 5th story Cost of federal unemployment benefits so far: $434 billion. In the second paragraph, the answer appears: “State and federal taxes on employers cover the rest.” Imagine my relief. The working man finally gets a break since taxes on employers don't impact regular folk. Besides, there would be no unemployed if those greedy businesses would just give everyone jobs. Serves them right.
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