CNN is estimating two million people may be out of unemployment benefits by the time the Senate reconvenes from July 4 recess on July 12. This is a critical length of time for many unemployed Americans facing uncertain futures, but Congress needs it’s vacation time before it can further address the 2010 Unemployment Extension bill. To many out-of-work Americans struggling to put food on the table for their families, this is an infuriating turn of events.
2010 Unemployment Insurance Extension Could Restore Benefits To Millions If Passed…But When?
Wednesday night, Senate Republicans had a narrow filibuster on the issue, delaying a floor vote on the 2010 Unemployment Extension bill. The House of Representatives voted Thursday to pass H.R. 5618, but the Senate won’t visit the measure again until they return from July 4 recess on July 12. By this time, CNN said the latest estimates of Americans who will lose unemployment benefits in that time were up to two million. The 2010 Unemployment Extension bill would extend the deadline on filing for and receiving unemployment benefits until November 30, 2010, but so far, Senate Republicans have successfully blocked the emergency unemployment insurance assistance legislation.
Senate GOP leaders say the 2010 Unemployment Extension bill extends the pay-out of unemployment benefits without off-setting the cost elsewhere, which concerns them. Apparently, off-setting the astronomical costs of the recent auto industry and bank bailouts wasn’t a priority, but let’s not pay John Q. Public his $300 a week in unemployment benefits to keep the lights on. Why did we bail the banks out? The logic was, and it was a lot of twisted logic, that the failure of key components of these huge industries would be too devastating to the country. We needed to help them, you see, because it would benefit all to save the troubled.
Now we, the tax-payers, are troubled. We have been troubled. We have seen devastation. And where is our bailout? It is being hindered because it isn’t “paid for”. Last year, our national debt hit $12 trillion according to the Treasury Department. Apparently, here in America, we have a bit of a track-record of spending on what isn’t exactly “paid for”.
Where Is The Bailout For Unemployed Americans?
Why is it the gravy-train always comes to a grinding halt right before it reaches the average American citizen? Is our “industry” not as significant as the auto or lending industries? Do we, the people, not make up ALL industry? If we should fail, America will fail. It’s that simple. In the face of a recession, do we dare go down this road?
The 2010 Unemployment Extension bill seeks to return the money to the people; the people who earned it in the first place, and paid into an unemployment benefits insurance fund to protect them if and when necessary. Unemployment is not welfare, food stamps or even “government” assistance. It is money we have paid out; a compulsory investment, if you will. The 2010 Unemployment Extension bill has been funded by hard-working Americans all along; but where is that money now?