Millions of people are about to lose their unemployment insurance. Starting Feb. 28, people will not be able to file for federal unemployment benefits or COBRA (health insurance subsidy). By March, 1.2 million workers will be forced to survive one way or another. By June, that number will blossom to nearly 5 million Americans. What happens when you have 5 million people lose their unemployment insurance and their are no full-time jobs to provide relief?
I think we all know deep down inside. I think we're going to see an unprecedented amount of homelessness sweep across the nation that will shake the very foundation of our society. The decades of debt, excess, corruption and thief is going to lead to a great depression that will dramatically lower our standard of living for decades.
Let's hope I'm wrong, but continue to stock up on food and water just in case.
http://money.cnn.com/2010/02/26/news/economy/unemployment_insurance/
