Essay on Unemployment Benefits

1234 Words Nov 19th, 2011 5 Pages
Title: Unemployment Benefits Only Good for a Limited Amount of Time

Specific Purpose: To persuade my audience that extending unemployment benefits strains an already overused and failing government program.

Central Idea: Today, I would like to tell you about the problem of extending unemployment benefits, as well as offer some possible solutions that our lawmakers should adopt instead of another extension.

Millions of Americans have lost their jobs and have joined the growing ranks of the unemployed recently as the recent recession gripped the U.S. In fact, nearly one out of ten Americans are now unemployed and seeking a new job. I'm sure that most of you know someone who has been affected by the recession either by
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C. Extending benefits also adds enormous stress to a program that is already stressed and running out of money. 1. Most people don't realize that the recession and high unemployment rates are greatly threatening the solvency of unemployment programs in most states. 2. In fact, the article, "States' jobless funds are being drained in recession" tells that, "the recession's jobless toll is draining unemployment-compensation funds so fast that according to federal projections, 40 state programs will go broke within two years and need $90 billion in loans to keep issuing the benefit checks" (Whoriskey 1). a. If the states are already under such strain in an attempt to keep up with currently unemployment payments, then imagine how much faster they will go completely broke if Congress extends benefits even longer. b. Unemployment is hard on everyone, but causing the entire program to go broke doesn't help anyone.

Transition: Now that more is known about the problems surrounding extending government unemployment benefits, let's look at a solution.

II. The solution to the rising unemployment rates and over-reliance on a failing program can be found in private unemployment insurance. A. One suggestion which makes perfect sense and which can alleviate the current problems is to adopt an employee-owned

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