An unemployment extension for Tier 5 99ers is needed, and now that the jobless report indicates record numbers of new claims, there should be an accelerated path to the unemployment extension.
Of course, politics at usual will be at play. We all know that Glenn Beck thinks that the 99ers need to “stop living off their neighbors wallets” and get a job. Easier said than done, Mr. Beck.
Debbie Stabenow (D-MI) has proposed a bill that would extend the unemployment by 20 weeks, and give tax incentives to businesses that hire the long term unemployed. Funding for the bill will be the biggest snafu, as the GOP doesn’t want excess deficit spending and the Democrats won’t use unused stimulus plan funds.
Stabenow’s bill would help states with 7.5% unemployment or higher. There’s a House version of the bill from Shelley Berkley, but that version only helps states with higher than 10% unemployment.
Hopefully the grim jobless outlook will be enough to inspire some quick reactions from the government. Unfortunately, that may not be the case. However, this is needed now more than ever and the recent data proves that even more.