In response to:

BREAKING: Weekly Jobless Claims Jump Up 73,000 to 430,000

Resist, We Much!!! Wrote: Nov 15, 2012 10:08 AM
From Thursday, 9 August 2012 to Friday, 9 November 2012, the national debt increased by $328,894,249,547.79 ($328.9 BILLION). That’s 13 weeks or $25,299,557,657.52 ($25.3 BILLION) per week. That’s 93 days or $3,536,497,306.97 ($3.5 BILLION) per day. That’s 2,232 hours or $147,354,054.46 ($147.4 MILLION) per hour. That’s 133,920 minutes or $2,455,900.91 ($2.5 MILLION) per minute. That’s 8,035,200 seconds or $40,931.68 per second. That's $1,060.95 each for every man, woman and child in just 93 days. To put that into perspective and assuming no behavioural changes, increases in debt service costs, and increases in government spending (IOW, completely unrealistic assumptions):
Resist, We Much!!! Wrote: Nov 15, 2012 10:09 AM
According to the CBO, increasing the 25/28/33/35 tax brackets to 28/31/36/39.6 will raise:

FY2013: $40 billion or 11.43 days of government funding.

FY2013-2014: $95 billion or 27.14 days of government funding.

FY2013-2022: $730 billion or 208.57 days of government funding.

Go ahead and raise taxes on the “evil rich,” if it will make you feel better. I just don’t care anymore. Any revenue impact will be negligible, but the costs to employees will be painful. The country has a SPENDING problem. Period. Story. End of.

As for the GOP, it should either go off the fiscal cliff or give Obama everything that he wants and every hour of every day for the next 4 years remind the country that Obama and Democrats OWN the new recession. Republicans
Resist, We Much!!! Wrote: Nov 15, 2012 10:10 AM
warned about, predicted the failure of and voted against the Supercalifragilisticexpialidocious Stimulus Act of 2009 en masse and en banc. It did fail and the majority of Americans continue to believe that it failed; hence, the banishment of the very word and the new hotness of “investments.” No “compromises.” Don’t put your name on anything.

93 Days And $328,894,249,547.79, But Don't Worry, Be Happy!

M2RB: The Ramones

The massive shedding of jobs in light of an Obama re-election has started. Weekly jobless numbers have jumped *up* from 73,000 to 430,000 according to the Wall Street Journal. These job losses come after warning signs this week from the markets and business owners who say they can't afford to keep employees with ObamaCare and the fiscal cliff looming. Hurricane Sandy also had an effect on increasing these numbers.

Sandy drove the number of people seeking unemployment benefits up to a seasonally adjusted 439,000 last week, the highest level in 18 months.

The Labor...

Related Tags: Jobs and Economy