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Senate Passes Federal Unemployment Renewal

From Reuters:

Deal reached in Senate to renew jobless benefits

By Thomas Ferraro | March 13, 2014

WASHINGTON (Reuters) – A bipartisan deal to renew long-term jobless benefits for more than 2 million Americans was reached on Thursday by a group of 10 U.S. senators, five Democrats and five Republicans.

Lest we forget, these federal unemployment benefits were supposed to be an emergency one time only shot in the arm at the height of the recession, in 2008. The recession officially ended in June of 2009, which is almost five years ago. And yet this one time benefit has been extended five more times.

Also, lest we forget, ending these emergency federal jobless benefits was the one and only concession the Republicans got in exchange for giving Obama an unlimited debt ceiling. And now the Republicans have given that away. (Meanwhile, the Democrats never ever give up on anything.)

The measure would extend benefits by five months, dating back to December when the relief began to expire for those who have been out of work for six months or more.

So, in effect, these benefits will have never stopped. But the Democrats got to wail and moan for months about how the cruel Republicans having stopped these unemployment benefits. So it is a win-win for them, as usual.

Sponsors of the legislation said they expect to have more than enough votes to pass the measure when the Senate returns from its week-long recess, set to begin on Friday. If and when the Democratic-led Senate passes the bill, it would go to the Republican-led House of Representatives for final approval.

Republicans had blocked earlier efforts to extend the benefits amid disputes over the cost and how long the relief should be extended…

For the record, it should be pointed out that these are not even unemployment benefits at all. Real unemployment benefits come from an ‘insurance fund’ that employees and employers pay into.

Instead, this is money straight from the pocket of the US taxpayers. This is welfare, pure and simple. — Of course, it is also Democrat vote buying, pure and simple.

Backers of the legislation say the benefits will help the jobless and give a boost to the U.S. economy by pumping money into it…

Yes, paying people not to work will be great for the economy. So will be raising the minimum wage. So will be giving 11 million illegal aliens amnesty.

The new deal would cost about $10 billion, which would be covered by a series of offsets, including so-called pension smoothing, an accounting procedure that allows companies to use historic interest rate averages to determine pension contributions…

In other words this won’t be paid for at all. They will just do some accounting gimmicks.

This article was posted by Steve Gilbert on Friday, March 14th, 2014. Comments are currently closed.

3 Responses to “Senate Passes Federal Unemployment Renewal”

  1. Astravogel

    Ferget who said this: “Nothing is immortal except a Federal program.”

  2. dasher

    For the record, these five Republican senators are: Heller, Collins, Portman, Murkowski, and Kirk.

    D.




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