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Obama's Tax Deal: Leaving out the 99ers is a 2012 Mistake





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Unemployed or know someone out of work? Relieved the president's tax deal will provide thirteen months of continued unemployment benefits? Sorry to burst your bubble, but not all the unemployed promised a thirteen month authorization of benefits in exchange for the Bush tax cuts will receive those benefits for thirteen months.

The thirteen months is an authorization to fund existing tiers, not an extension beyond those tiers. The eligible unemployed will receive checks only until they exhaust their claims. Those already on the final tiers will see their unemployment benefits end in early 2011. They will join the 99ers -- those whose claims have ended -- in an escalating downward spiral of the middle class that will culminate in a burst of anger at the president when these disenfranchised new 99ers find themselves without a safety net or enough jobs to account for their numbers throughout 2011 -- while the uber-wealthy collect their exponential winnings from the tax cuts right on through 2012. Continued...


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