Reply #80: While we're throwing around monikered rules... Hugin's Unemployment Observation

[Hugin]

Has this covered... And, well... It disagrees with your idea.

Basically, HUO mirrors the rationale governing when it's time to foreclose a mortgage or shutter a bank.

(In the following replace 'payments' with 'jobs created')

If two sequential payments are not made, then it is unlikely that whoever is responsible for making those payments has the resources to make up those two payments and also carry the current month's payment. The unemployment situation is much worse, because, the deficit payments have ballooned to many times the minimum payment each month and it has at this point been going on for far more than two months.

Unemployment is more dire... Because this is the livelihood of those affected in question. Will they eat? Will they be sheltered? Will they receive medical attention? (As a function of public health, if not just for the individual) ... etc. Now, unemployment insurance does buy some breathing space, but, it's really a debt. Those individuals receiving it are no longer adding value to the system as a whole... They are negative spending.

Unemployment insurance is exactly analogous to living on Credit Cards while not being able to make Mortgage Payments.

I think during the last Depression... HUO was realized and that's why the WPA and CCC were implemented. So, that at least some value was being added to the system by those idled and their skills weren't lost to disuse. It kept them in a working frame of mind, too. Those people wouldn't fall into a pattern of low esteem where they were focused on maintaining their stipends.

So, isn't it time we foreclose on the current employment plan? (if there is one) and go with something different?