Unemployment Insurance

The Senate is back this week from the winter recess and will vote on whether to extend unemployment insurance and whether it will confirm Janet Yellen as the Fed chief. 

Shall we extend unemployment insurance?  Let us analyze what the extension means for the economy and in politics.  Is it morally justifiable?

First and foremost: it is not very easy to cut social welfare money, especially in the election year.  No one wants to look like cold blooded, heartless monster that cut the vital supplies to workers that are cut off by no faults of their own.  That, of course depends upon how the rest of us would react to another spending and big government issues.  How is the extension funded?  Are our taxes going up again for those people in need?

The unemployment insurance is not exactly welfare.  The money is not paid based upon whether the person needs it or not.  The payment amounts are based upon how much he or she was earning.  The higher the wages are, the more they get the UI money.  Yes, the UI money could be for maintaining the big houses already own, or paying for.  Should it be supported by our tax money?  How should the middle class be paying for them to keep their houses?

Some say the UI money will be spent because they need it.  But again, it is not the welfare money that will be supplied to them.  There is this thing that if the UI money won't be given to those in need, they will get it from the welfare anyway.  The supposed cost of UI should that taken into account.  The UI money minus the welfare would be the cost of such measures that will be discussed in the Senate.  How much more should we have to pay for an extra money to support those who need more than the welfare money?

How about the moral aspect of the UI money versus the welfare money? Should it give more encouragement to the unemployed workers, since it is time limited?   

The maximum weekly UI caps are shown here:

    Alabama - $265
    Alaska - $441
    Arizona - $240
    Arkansas - $457
    California - $450
    Colorado - $454
    Connecticut - $555
    Delaware - $330
    District of Columbia - $405
    Florida - $275
    Georgia - $330
    Hawaii - $560
    Idaho - $343
    Illinois - $385
    Indiana - $390
    Iowa - $459
    Kansas - $420
    Kentucky - $415
    Louisiana - $258
    Maine - $372
    Maryland - $410
    Massachusetts - $653
    Michigan - $362
    Minnesota - $585
    Mississippi - $235
    Missouri - $320
    Montana - $446
    Nebraska - $348
    Nevada - $398
    New Hampshire - $427
    New Jersey - $600
    New Mexico - $455
    New York - $405
    North Carolina - $535, $350, effective 7/1/13
    North Dakota - $470
    Ohio - $524
    Oklahoma - $368
    Oregon - $507
    Pennsylvania - $573
    Puerto Rico - $133
    Rhode Island - $566
    South Carolina - $326
    South Dakota - $295
    Tennessee - $275
    Texas - $426
    Utah - $451
    Vermont - $425
    Virginia - $378
    Virgin Islands - $454
    Washington - $604
    West Virginia - $424
    Wisconsin - $363
    Wyoming - $387