The Thirst: New Report Reveals That Almost 2,400 Money Hungry Millionaires Pocketed Unemployment Benefits In 2009

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Categories: News, SMH, The Side-eye


SMH…

New Report Reveals That Almost 2,400 Millionaires Collected Unemployment Benefits In 2009

Poor, poor rich people….what in the world would they do without unemployment benefits??

Well, according to a new Bloomberg study, they sure didn’t have to worry about that during the recession recovery period.

Almost 2,400 people who received unemployment insurance in 2009 lived in households with annual incomes of $1 million or more, according to the Congressional Research Service.

The report was released after about 1.1 million people exhausted their jobless benefits during the second quarter of 2012, when more than 4.6 million filed initial unemployment claims.

Eliminating those payments to high earners is one idea being considered as U.S. lawmakers struggle to curb a projected $1.1 trillion deficit for the fiscal year that ended Sept. 30, with the nationwide jobless rate at 8.1 percent.

“Sending millionaires unemployment checks is a case study in out-of-control spending,” U.S. Senator Tom Coburn, an Oklahoma Republican, said in an e-mail. “Providing welfare to the wealthy undermines the program for those who need it most while burdening future generations with senseless debt.”

We wonder if these folks were included in Money Mitt’s 47 percent….

Image via Shutterstock

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