Of course, there's still a lot to be discussed. How will the bill be funded? Will it benefit the economy? One Harvard economist threw a monkey wrench in the whole deal by claiming that the benefits extension would give displaced workers a disincentive to find work. Is that the case? So many things and angles will be argued before the bill is ultimately passed or thrown out.
There is one thing that might be beneficial -the Tier 5 benefits extension could bring down the record numbers of early retirement figures for Social Security.
The Associated Press reports that more and more Americans are opting for early retirement via Social Security. Many of these people are unemployed and ran out of benefits. Maybe with an extra 20 weeks of benefits, these people will wait until their full retirement age. This will keep them more financially secure through their retirement years, and could help keep the Social Security program going.
On the other hand using this argument could amount to just robbing Peter to pay Paul. The money is coming from the same coffers - the pockets of taxpayers.
Although the Tier 5 extension is needed by many, legislators and bill supporters will need to compel the critics of the bill that the legislation is mutually beneficial for the entire country.