There are four Tiers to
Emergency Unemployment Compensation (EUC) this is compensation beyond the 26 weeks
Unemployment Compensation (UC) that is given by most States.
Tier I added 20 weeks,
Tier II 14 weeks,
Tier III 13 weeks and
Tier IV just 6 weeks.
Extended Benefits (EB) provides 20 more weeks to the unemployed who have exhausted up to 79 weeks of regular State and Federal EUC benefits.
Tier V is the battle cry for the
99'ers, those long term unemployed who have completely run out all unemployment benefits. The thought is that additional weeks beyond the 99 weeks most Americans now get will help them when it fact it will not. Tier V will NOT help anybody, it will only delay the financial problems the unemployed will face when they become 99'ers.
99'ers of course disagree and you will see many 99'er Rants here on RantRave about their issues, some legitimate and some pure hyperbole. If you are a 99'er you know that the ONLY thing that will help you is a JOB. If you are a 99'er you no longer pay taxes, as you have no income to tax. If you are a 99'er you stopped paying into FICA and the gap in FICA taxes will make the 99'ers come up short in the 40 Quarters that we all need to have in order to claim full Social Security benefits when we retire.
The ONLY way to help the 15 million plus unemployed Americans is to force companies that outsourced U.S. based jobs to India and China to move those jobs back to the U.S. and give incentives to companies like Apple, Sony, HTC, LG and many others to open production plants here in the U.S. the same way Honda, Toyota, Hyundai and the others did.
Stop all Tax Breaks to companies that outsource jobs outside the U.S. If they want to SELL in America they need to HIRE and BUILD in America. End Free Trade with all Countries. Repeal NAFTA and CAFTA and any other such agreements. Put Taxes and Tariffs back in place on EVERYTHING that comes into the U.S. from EVERYWHERE, in particular China.
We have over 15 million Americans that are unemployed, but we do not have 15 million jobs available. The sooner we get Americans back to work the better off we all will be. Feel free to forward this message to your local and State politicians, as JOBS are what we desperately need them to focus on.