Compromise: Unemployment Extension, Tier 5 & Spending Cuts. The GOP could compromise with the Democrats and offer unemployment extensions of benefits in return for spending cuts. This news comes in the wake of the elections, where the GOP gained control of the House. While Republicans have been against unemployment extensions in the past, they appear to realize that if they don't cater to constituents, come 2012, they could face the strong opposition that the Democrats faced during this election.
The Associated Press reports that the current extensions could be re-instated as long as they are met with government spending cuts.
When the lame duck session begins, chances are the focus will be on the Bush Era Tax Cuts, and not the unemployment extension. However, this should be foremost in everyone's mind, as without an extension of current benefits over 2 million Americans would lose their benefits this holiday season.
If the government is really concerned about "stimulating the economy" they need to keep money flowing to the long-term unemployed. Hopefully the lame duck session brings us good unemployment extension news.
