70,000 lose bennys this weekend
170,000 lose them between July 1 and December
or 240,000 total.
Lets assume they average $400/week.
240,000 X $400/week equals $96 MILLION per week taken out of the economy.
So, unemployment will fall by 240,000 over the year due to no longer paying them benny's.
According to ESC's latest unemployment release the state had 56,000 new jobs from March of 2012 or 5,000 per month.
Yeah you know where this is going. This is going to be quite the self inflicted wound.
I wonder how many of those 240,000 will lose their homes?
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