Republicans give 99ers a nice lump of coal for the holidays

santa claus

Not even this jolly old man can help you now.

Benefits that had been extended up to 99 weeks started running out Wednesday. Unless Congress approves a longer extension, the Labor Department estimates about 2 million people will be cut off by Christmas.

Republicans in the House and Senate, along with a handful of conservative Democrats, say they’re open to extending benefits, but not if it means adding to the $13.8 trillion national debt.

Ninety-nine weeks may seem like a long time to find a job. But even as the economy grows, jobs that vanished in the Great Recession have not returned. The private sector added about 159,000 jobs in October — half as many as needed to reduce the unemployment rate of 9.6 percent, which the Federal Reserve expects will hover around 9 percent for all of next year.

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3 thoughts on “Republicans give 99ers a nice lump of coal for the holidays

  1. I have mixed feelings about the GOP’s position with regard to another extension. For one, I can completely sympathize with those 99’ers who will be cut off. If I did not accept a part time position at a specialty market over a month ago, my benefits would have ended in November (I was downsized in November, 2008, and I have been unable to find full time work). However in the GOP’s defense with the deficit, we cannot simply continue to expect states to have the means and the funding to continue to support the high percentage of unemployed.

    Continuing issuing extensions upon extensions will only lead to higher payroll taxes, thus deterring job creation. If the current administration wants to start repairing the economy, it must pay off its debt and start bringing jobs back to the US. Far too many companies have been allowed to outsource work to India and China. I’ve heard talk about taxing these corporations which outsource, however nothing had been put into motion (yet). Extending benefits may help people, but it’s only a short term solution. Tax companies who outsource and putting tax reform in place is the long term solution.

  2. This extension has nothing to do with 99ers.

    The extension will allow the unemployed to continue to move to the next tier of benefits, but tier 4 is still the final tier and 99 weeks is still the longest an unemployed worker can collect.

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