Thursday, December 15, 2011
House Republican Unemployment Insurance Proposal Acts As If Economic Slump Is Over
The Party of No, having voted repeatedly to prevent investment in roads, bridges, mass transit and school construction, now wants to slash unemployment benefits and force the jobless to pee in a cup to get rent money.
by Chad Stone, Chief Economist, Center on Budget and Policy Priorities
cross posted from: Huffington Post, 12/14/11
"....House Republicans must think the job market is improving rapidly and that the Congressional Budget Office is way off base in projecting that the unemployment rate will average 8.7 percent in 2011 and 2012. How else can one explain their proposal to slash federal emergency unemployment insurance (UI) benefits?
The House Republican proposal -- part of their larger proposal to extend the payroll tax cut and UI benefits -- would slash, by 40, the number of weeks potentially available to unemployed workers who are struggling to find a job in some states that were hit the hardest by the jobs slump."
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