I see an economic diasater coming...

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For more than a million jobless Americans, government unemployment benefits will end Saturday, because Congress has allowed the extended benefits ushered in during the Great Recession to expire.
After 5.5 years a safety net for a lot of people will vanish.I hope a lot of us will cause those in power(and responsible) to vanish come the next elections.

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http://finance.yahoo.com/news/unemployment-benefits-1-3-million-175400849.html;_ylt=A2KLOzIPFr5SW20AVGuTmYlQ

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The Obama administration has said the end of extended benefits can have a major impact on the economy.
The White House Council of Economic Advisers and Department of Labor issued a joint report earlier this month touting how jobless benefits buoy the economy, while keeping 2.5 million workers out of poverty each year.
The White House pointed out in a separate report that the expiration of benefits could reduce U.S. GDP by 0.2 to 0.4 percentage point in 2014, according to the Congressional Budget Office and a J.P. Morgan Chase economist.
The Congressional Budget Office said the cost to extend the federal benefits by another year is about $26 billion.
But Republicans have said in memos that the program has already cost $252 billion in the five years through July.

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It seems that jobs are hard to find  in China for their recent college graduates.I watched a tv show on public tv on the subject yesterday.With new graduates coming out this next september the competition just gets worse.Those with experience get picked over those with no experience.So those with just a new degree are having very little luck in getting new jobs.

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Here are 13 states that will raise their minimum wage come jan.1,2014.
Mo got a 15 cent an hour raise.


http://www.employmentlawworldview.com/14-states-increase-the-minimum-wage-for-2014/