2010 Unemployment Extension did not pass and the benefits have been denied, according to CNM News. The Senate decided against the extension yesterday and now millions of Americans could be denied an extension of unemployment benefits. The Senate cites the reason for the decline of the HR 4213 or the “Tax Extenders Bill” as it needs to stop the overspending in our country, according to the Bloomberg Business Week.
There is overspending in our country, but taking the food out of the mouths of families out of work is not where the problem of overspending should be targeted. Put away the private government jets for a few months and save a bundle by making the officials fly passenger class in a commercial jet like everyone else. Put a stop to government entertainment accounts for just one month and save a bundle. Taking thousand dollar meals away from the elected officials for a few weeks would allow for that money to be re-routed and feed the families who have no income.
The government has no problems getting “creative” and cutting the spending to the public sector, but what about mandating the Washington elite trying it for a change.
The benefits are exhausted after 99 weeks, which does seem like a long time to be on unemployment compensation, and it would be during the prosperous years of the 90’s, but those days are gone and a new world is on top of us now. A world where jobs are scarce and the employers have their pick of master degree level applicants to flip burgers today. The average Joe does not have a chance.
Unless emergency measures are put in place, the unemployment extension is possibility dead in the water. This is just another story where Americans were lead to believe help is on its way and it turned around at the front door. HR 4213 may never come to realization. Over 300,000 Americans have lost their unemployment compensation as lawmakers continue debating this legislation, according to Bloomberg Businessweek. June 2, 2010 was the deadline for qualifying for EUC benefits.
Another Possibility Being Considered By Senate
Senate is considering taking $25 a week out of unemployment benefits, which was the extra money the Obama Administration added to the benefits in 2009. This Federal Additional Compensation (FAC) Program was part of President Obama’s American Recovery and Reinvestment Act of 2009. Apparently the extra help in recovery is on the back burner for the little people! I see the recovery act in full swing on just about every highway in New England. We will have great roads to travel on, but we do not care if you cannot afford the cars to put on the roads that we made beautiful for you, is what this says to me. Another area effected was the HR 4213 had the COBRA subsidy dropped from it while it was being debated.
References: Bloomberg Business Week ABC News Live CNM News