Here is what the Obama Tax Cut means for me.
I live in Missouri and have been out of work for 64 weeks. My benefits ended December 4th. I only collected 40 weeks because I have been working odd jobs all along and managed to make $5500 this year. With unemployment that brings me to $14,500 total. I've refinanced my house, taken out equity and spent the money I saved while working last year to make ends meet. I have two kids.
I have sent out 248 resumes or applications as of today. Today I was told by a sandwich shop they would rather have employees without children. (Are they running secret covert ops or something? No, they just want people without commitments, and they can find them.)
I was told I had exhausted my unemployment benefits even if this passes by the worker at Missouri's benefits department. I'll check again after the first of the year, but as of now, extending unemployment only applies to new unemployed according to the last person I spoke with because I will have been unable to collect for a month by the time they start. I will no longer be counted as unemployed... MADNESS.
Now I find out this raids Social Security, which I have paid into for 25 years, since I started my first job at 15. Great, now I can expect to just keep not working right into my grave.
Finally, my taxes are going UP BECAUSE OF THIS. Yes, it is true. Obama shafted us at the bottom.
http://blogs.forbes.com/beltway/2010/12/09/the-obama-gop-deal-a-tax-hike-for-the-working-poor/So if there is a silver lining, or you are going to make up some crap about the way he proved the teabaggers were hypocrites, you can just stuff that in your stocking and smoke it.
I ALREADY KNEW THEY WERE HYPOCRITES!
I'm still waiting to see what, if anything was gained by this.