The unemployment extension and Tier 5 benefits bill are a big political topic. 99ers are more likely to be uneducated or less educated American workers, according to one economic advisor to Obama.
Wall Street CEO John Corzine met with Tennessee Senator Bob Corker recently and discussed, among other things, the unemployment extension. This all happened in an economic panel on ABC’s “This Week” with Christine Amanpour – and also present was Obama’s economic advisor Laura Tyson.
Tyson said the following about education in America :
The unemployment problem is primarily a problem for people who have a high school -- who don't have a high school education or just have a high school education.
Unemployment for those with college educations is now 4.5 percent. Unemployment for those with more than a college education, below 4 percent. We have a problem of education in this country, and we have to educate more of our young people fully through college education. Let's take this as an opportunity to do that.
Recently Debbie Stabenow (D-MI) brought up the S.3706 bill which is the Tier 5 extension adding 20 weeks of benefits to the already 99 weeks available. Among programs that include tax incentives for businesses to hire the long term unemployed, should they also include educational incentives as well? Perhaps tax breaks to for-profit colleges that reduce or waive tuition for the long term unemployed, or subsidies for meal plans and tuition for the unemployed?