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This administration is insane. (msg)
Posted: Jun 2, 2012
Head of labor dept says people should use their unemployment checks to start businesses. OMG
;
"What the...?" - Work, work, work
[ In Reply To ..]What planet did he just arrive from? Oh, he must have just gotten back from the Obama camp, because unemployment benefits are like ramen noodles every night.
can't verify - would appreciate a reference - thanks
[ In Reply To ..]
Is GOP rep who first promoted the idea also insane? - Another Fox out-of-context misrep...
[ In Reply To ..]What Secretary of Labor Hilda Solis really said was she wanted to ALLOW UI benefits to be used for start-up businesses. She was alluding to the new program described below. This is not a new idea, nor was it conceived by a democrat, but it does have impressive bipartisan support.
The Middle Class Tax Relief and Job Creation Act of 2012 (H.R. 3630), referred to in the linked article, passed in the House on February 17, 2012 by a 293-132 margin. It passed in the Senate the same day by a 60-36 vote. It was originally sponsored by GOP Rep David Camp R-MI as the Temporary Payroll Tax Cut Continuation Act, which passed in the House on December 13 with a vote of 234-193, and by a unanimous vote in the Senate as HR 3761 on December 17. The following program provisions were included in that measure.
3 days ago....
WASHINGTON — The U.S. Department of Labor announced the availability of $35 million in funds to develop, enhance and promote Self-Employment Assistance programs in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. In addition, guidance released today clarifies that states may enroll participants who are currently receiving or eligible for federally funded Emergency Unemployment Compensation and Extended Benefits.
This announcement is the latest in a series of innovative reforms to the Unemployment Insurance program made possible through the Middle Class Tax Relief and Job Creation Act of 2012, which was signed by President Obama in February.
“Self-Employment Assistance has proven to be a valuable tool in helping many unemployed Americans realize the dream of business ownership,” said Secretary of Labor Hilda L. Solis. “These grants will help states improve and expand the program while strengthening the economy and creating new jobs as more startups launch and grow.”
Participants in these voluntary programs are provided with financial assistance equal to their Unemployment Insurance benefits while they receive important entrepreneurial training and resources to help launch their own businesses. In order to allow participants to devote full-time attention to creating new businesses that have the potential to create additional jobs, state work search requirements are waived.
Grant money can be used by states to implement a new Self-Employment Assistance program or improve the administration of current programs, as well as to promote programs and enroll eligible participants. In order to receive federal funding, states’ UI laws must meet the Labor Department’s requirements. Five states (Delaware, Maine, New Jersey, New York and Oregon) have active Self-Employment Assistance programs and are eligible now to apply for these grant funds. The other states have until June 30, 2013, to submit complete applications to the department.
The Labor Department will work with interested states to assist them in developing legislation as needed, and to implement Self-Employment Assistance programs. The department also will work with states on outreach strategies to identify potential entrepreneurs who are good candidates to start their own businesses. Additionally, the department is partnering with the Small Business Administration to provide technical assistance to states and to ensure that SBA resources are leveraged as states design Self-Employment Assistance programs.
So is this one of those deals that's insane if a democrat is behind it, but a brilliantly inspired policy if it's a GOP baby? What exactly is wrong with programs aimed at helping the unemployed become self-sufficient potential job creators...or is that a privilege only reserved for the ubers?
Thanks so much for explaining this. Amazing - how truth gets twisted NM
[ In Reply To ..]x
Always amazing. Never a surprise. - nm
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