Author Archives: PennyChilton

Short-Term Unemployment Is In Pretty Good Shape. Long-Term Unemployment Continues To Be a Catastrophe.

Mother Jones

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Via Zachary Goldfarb, here’s a chart from the 2014 Economic Report of the President. It shows unemployment rates of various durations, and I’ve redrawn it a bit to scale everything to 100 in 2007. That gives you a clearer idea of what’s going on. As you can see, short-term unemployment levels are nearly back to their 2007 levels and continuing to drop. Long-term unemployment, by contrast, is still three times its 2007 level.

For all practical purposes, long-term unemployment is now practically our entire unemployment problem.

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Short-Term Unemployment Is In Pretty Good Shape. Long-Term Unemployment Continues To Be a Catastrophe.

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Hey, Ted Cruz! These Texans Say Obamacare Is Helping Them

Mother Jones

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Sen. Ted Cruz (R-Texas) has compared his fight to defund the Affordable Care Act to the fight against Nazi Germany. He sees it as his duty to provide “relief to the millions of people who are hurting because of Obamacare.” The uninsured in his own state will tell you a different story.

Stacy Anderson, from Fort Worth, runs her own business selling sweaters online. She says she has not had health insurance for the past seven years because the sweater business is not too lucrative. “It cost more than I made some months,” she says. Anderson says she was just diagnosed with skin cancer, though it is not life-threatening. “I’ve had it, apparently, for the entire seven years I’ve been uninsured,” she says. “It will be nice if I can buy health insurance and get it treated.”

Jeffrey Coffey is a 49-year-old from Austin who earns a living as a musician. He says has insurance, but notes that the $361 monthly premium is “way expensive” on his $22,000 salary; he says he pays more because he has asthma. Coffey says he applied for cheaper plans numerous times this year, but was turned down. “Getting rejection letters is depressing,” he says. When Coffey buys insurance on the exchange, he estimates he will able to get coverage for $160 a month, a $200 savings. “But so far I haven’t been able to log on to the website,” he adds.

Andrew (who prefers his last name not be used) is a BFA student at Texas State University in San Marcos. He’s in his mid-30s and has gone without insurance for years because it’s too expensive. He has also avoided doctors for fear that he’d be diagnosed with a chronic condition, and insurance companies would “blacklist” him when he finally applied for coverage. Andrew says he no longer has to worry about that when he signs up for insurance through the exchanges this month. Andrew and his wife, a pre-K teacher, want to have a baby soon, and he says that Obamacare makes it “much more affordable for us to plan when and where we will start a family. I no longer need to worry that, god forbid, if one of us gets sick, we will be dropped from our insurance.”

3.5 million uninsured Texans will finally get coverage under Obamacare. (One million more could have been covered if Gov. Rick Perry had agreed to the law’s expansion of Medicaid.) Texas has the highest percentage of uninsured citizens in the country; of the 25 million people in Texas, one in four don’t have health insurance coverage.

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Hey, Ted Cruz! These Texans Say Obamacare Is Helping Them

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