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Posted: Nov 18, 2010

Senate Democrats have not figured out a way to get around Republican opposition to reauthorizing extended unemployment insurance for the long-term jobless.

The benefits are set to expire at the end of the month, jeopardizing a lifeline for two million people during the holidays. But it's not likely the benefits will be reauthorized before they lapse, since Congress will go home for Thanksgiving next week, meaning this week is the last chance to prevent an interruption in benefits. Reed said there is no plan for a vote.

Extended unemployment insurance is federally-funded and gives the long-term unemployed up to 73 weeks of payments after they finish 26 weeks of state benefits. Previous reauthorizations have been held up because Republicans and conservative Democrats don't want the cost of the benefits added to the deficit, even though extended benefits have traditionally been given "emergency" status and financed with deficit spending. (A full-year reauthorization might cost $65 billion, according to the Economic Policy Institute). Democrats have been highlighting the fact that the people insisting on offsets for unemployment benefits are not insisting on offsets for tax cuts for the rich.

"On the one hand they want to provide $700 billion in tax cuts to the wealthiest Americans but not pay for them. And on the other hand they're demanding that UI benefits for the middle class be paid for," Reed said. "That's a little like someone on a diet who orders a Diet Coke and a Big Mac simultaneously."

;

This would be really funny if not so sad.... - sam

[ In Reply To ..]
from the party of "we can spend our way out of this." How many more times will benefits be extended? There are jobs out there, a lot of people just don't want to work for minimum wage. Unemployment pays better (meaning you and I through taxes pays better).

Why, instead of blaming Republicans for not extending unemployment benefits, try to work on the ROOT of the problem, the economy? If they wanted to do that, then they would be on board for keeping the tax cuts in place that are helping businesses NOT have to cut staff in this economy. Or, go ahead and put the taxes back in, more businesses have to lay off, adding MORE to the unemployment numbers.

These half truths and buzz phrases just don't work anymore. People aren't buying the mantra. They are educating themselves. The snow jobs are not working anymore. Thank God!!

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