Ultimate solution to long-term unemployment?
FROM CNN's Jack Cafferty:
The cost of long-term unemployment to the American taxpayers may soon be unsustainable.
DailyFinance.com reports that more than six million workers say they've been unemployed for more than 26 weeks. That means the long-term unemployed represent more than 40 percent of all the unemployed - one of the highest levels ever. The average length of unemployment for this group is nearly seven months.
The payment of unemployment benefits for longer and longer periods of time adds to the deficit. One expert points out that the high unemployment rate, plus longer time collecting jobless benefits, is a dangerous combination. He says the government could be on track to spend $250 billion a year on unemployment benefits alone.
Another downside is that some workers tend to lose their skills, which means they risk becoming unemployable. They either have to move down the employment ladder or get re-trained for other jobs.
No surprise a new poll suggests that jobs are a top concern for many Americans. A Gallup poll shows 31 percent of those surveyed say unemployment is the most important problem facing the country today.
And, when asked what they think will be the top problem facing the U.S. in 25 years, the top response is the federal budget deficit.
The irony here is the more the government spends on jobs programs and unemployment benefits now, the more our $12 trillion-plus national debt will continue to grow.
Here’s my question to you: What's the ultimate solution to long-term unemployment?
Tune in to the Situation Room at 6pm to see if Jack reads your answer on air.
And, we love to know where you’re writing from, so please include your city and state with your comment.
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http://caffertyfile.blogs.cnn.com/2010/03/15/ultimate-solution-to-long-term-unemployment/?hpt=T2