Tuesday, March 09, 2010

Tom Delay Fails Basic Math

Tom Delay: ...there's some studies that have been done that shows that people stay on unemployment compensation and they don't look for a job until two or three weeks before they know the benefits are going to run out

1. Average income in Florida (which I'm focusing on because I live here): $41,436 per year

2. Maximum unemployment benefits in Florida for one year: $14,300 (Max unemployment payout is $275 with no dependents)

3. Reason for people to stay on unemployment making an average of $-27000 less a year (unless maybe they were waiting one more week for a better job): 0

Are there people who will game the system? Sure. But cutting unemployment benefits for the majority of people just because *some* will benefit more than they should shows Delay has no clue about reality, about finances, about people - or about basic economics.

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