Half a million chronically unemployed Americans are scheduled to lose their unemployment benefits in August. That strikes me as a pretty shocking number for President Obama to be dealing with in the run-up to an election. Will these people simply find themselves on the street?
Below is the quote at the Time magazine website. It comes from Chris Matthews (yes, that Chris Matthews). Out of the over five million chronically unemployed, “According to the National Employment Law Center, recent changes to the federal unemployment benefits program and the expiration of some state programs will cause half a million of these workers to lose their benefits by the end of August.”
And Matthews notes that compounding the problem is the fact that the chronically unemployed tend to find that their skills have deteriorated over time.
And things look like they could be heating up between Iran and Israel again.
Not good. Unless you’re Mitt Rmoney.