The 2010 Unemployment Extension is a big deal for many who are still seeking employment. The House has already passed an extension that would keep money in the pockets of those within a certain window until almost Christmas in 2010. Now that bill needs to be passed by the United States Senate.
What is the likelihood that the Senate will pass the 2010 Unemployment Extension that was already okay-ed by the House? It appears that everything is on track for that to happen. The Senate took off quite a few days for the Holidays and will be back in session on June 7,2010. What happens next will determine the fate of many job seekers who are hoping to receive that 2010 Unemployment Extension.
The jobless rate is still very high in the United States. There have been some signs of progress but there are still so many people unemployed that a loss of the Unemployment Benefits would crush many.
How big of a deal could it be if the 2010 Unemployment Extension isn’t passed? Millions of unemployed people could be hurt by not collecting a weekly check. Even a short delay in receiving those funds could hurt people who are expecting that income in terms of late fees and other issues that arise without substantial income to make ends meet.
It could be quite dramatic if the Senate argues and takes a while to reach a consensus. The 2010 Unemployment Extension is essential for many people. Will it put the country in bigger debt? I think the bigger question here is to ask what the country would be like if those millions of people suddenly lose that income.
It’s a very risky situation and until new jobs are created and unemployment rates start to decline then an emergency answer needs to be applied. It’s very critical in this stage of the game. People are hurting financially and a loss of unemployment benefits could add to those woes.
Will the Senate okay the 2010 Unemployment Extension without a fight? It certainly has been controversial the last few times such a bill has been up. The bill has passed before so there isn’t much of a reason why it shouldn’t this time considering the variables haven’t really changed. The controversy is that adding these unemployment benefits in 2010 will add to the overall debt. Politicians are concerned with how we will pay for these benefits as a country. So there is a slight possibility that a lengthy delay in the passing of this 2010 Unemployment Extension could take place. Hopefully, for all those waiting, it will pass quickly and within a short window. Many will have their unemployment benefits run out at the beginning of next week. So the passing of the bill will be of utmost importance for many many unemployed workers.