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Congress Pressured To Extend Unemployment

From The Hill:

Lawmakers facing new pressure to extend unemployment benefits

By Vicki Needham | November 18, 2012

Groups backing an extension of unemployment benefits have launched a new round of lobbying to convince Congress to extend federal benefits to the long-term jobless.

A coalition of advocates including the National Employment Law Project (NELP) held more than 40 meetings with lawmakers on Capitol Hill during the first week of the lame-duck session to make their pitch for a $30 billion extension of the program.

Here comes Santa Claus.

But if everything we have been told by the administration and their media minions is true, why do we need to extend unemployment benefits, yet again?

The assorted labor union, civil rights and anti-poverty groups face a tough path to winning the extension at a time when lawmakers are looking for ways to reduce the budget deficit. Lawmakers started talks at the White House on Friday to prevent the nation from going over a so-called “fiscal cliff.”

But the groups are hopeful they can win another extension, and received a shot of confidence this week when Sen. Charles Schumer (D-N.Y.) said stimulus measures should be included in any deficit-reduction package.

Besides, Nancy Pelosi has told us that unemployment checks are a great way to grow the economy.

"People get it, understand why it’s important and why it could be so bad for their states," Judy Conti, federal advocacy coordinator with NELP, told The Hill on Friday.

"We’re sensing a lot of support." …

The groups are pressing for a one-year extension of legislation approved last February when Congress extended a payroll tax cut. The extension would provide a maximum of 47 weeks of federal benefits for those unemployed for more than six months.

Combined with state-level benefits, the long-term unemployed would have a minimum of 34 weeks of benefits and a maximum of 73 weeks.

Without action, 2.1 million people would be cut off from benefits on Dec. 29, the groups argue.

Just in time for Christmas. And we can’t have that.

While the $30 billion price tax is expensive, supporters argue the cost could go down as state unemployment rates fall…

How can you argue with logic like that?

A study by the left-leaning Economic Policy Institute this week determined that continuing the extensions through next year would generate spending to support 400,000 jobs. Without a continuation of the program, the economy would lose those jobs.

The report also estimates that the $30 billion would increase consumer spending and expand the economy by $48 billion, or about 0.3 percent.

Of course. Just look at all the jobs generated and how the GDP has expanded over the last few years thanks to the unprecedented extensions of benefits.

This article was posted by Steve on Monday, November 19th, 2012. Comments are currently closed.

One Response to “Congress Pressured To Extend Unemployment”

  1. mr_bill says:

    Without an extension of unemployment benefits, there might be some nerobama supporters who might have to get off their behinds and work next year. We can’t have that.

    After the last four years of unemployment benefits, they need at least another 73 weeks to find work. /sarc

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