There are jobs waiting to be filled, but far too many people who are receiving unemployment are not taking these jobs. Why, you ask? Because they get checks that are almost the same amount they can earn by actually working. Would you give up the money that the government is sending to you to stay home?
There is a lot of truth to this statement. I know at least 3 people that turned down jobs because they decided it was not worth working for the difference between what they would be paid and what they received from unemployment payments.
This letter also present these 4 facts.
First, it would be nice if members of our House delegation knew that "employers" pay for unemployment insurance, not employees..
Second, Nevada currently owes the U.S. government approximately $500 million that it has borrowed to make the current unemployment payments.
Third, before this past week's extension, Nevada's unemployed were receiving 99 weeks of benefits -- now it is 125 weeks. That is a staggering five weeks short of two-and-one-half years of unemployment benefits.
Fourth, next year the employers will be facing substantially increased unemployment tax rates in order to start repaying the government and the $90 million of interest that will be due on the borrowed money. These tax increases will keep businesses from hiring new employees
Now, I haven't checked these facts out for accuracy, but they are scary. I mean 500 million in debt. We had to cover an 800 million budget deficit last year and this wasn't included.
We are facing the largest tax increase in history in 2011 unless we make some drastic changes instead.