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Obama Signs Unemployment Benefits Extension

1 year ago
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President Obama on Thursday signed a bill to renew jobless benefits for roughly 2.5 million Americans whose unemployment help expired in June.

Earlier Thursday, the House voted 272 to 152 to approve the measure after months of partisan wrangling. Ten Democrats voted against the bill, while 31 Republicans crossed party lines to support it. The Senate passed the bill Wednesday.

Benefits will be paid retroactively to the time they expired and will continue through November. People who have been out of work for up to 99 weeks will be eligible for the extension. This is the eighth time Congress has extended federal funding for unemployment benefits since the beginning of the country's economic downturn.

Of the 13 million Americans without full-time jobs, 7 million have been unemployed for more than 26 weeks.

The primary dispute over the bill came from a disagreement over whether the $34 billion cost should be paid for through deficit spending, as Senate Democrats argued was necessary, or covered by unspent stimulus funds, as Republicans wanted.

Moments before the House vote, Speaker Nancy Pelosi said Republicans are only committed to balancing budgets when they're not in charge.

"It is really sad that it has to come to this," she said. "While they increased the deficit by trillions of dollars, while we lost jobs, when they took us to a brink of financial crisis of our financial industry, when they took us deep into recession, when they took us deep into deficit, they want to return to the exact same agenda. We are not going back."

But Rep. Tom McClintock (R-Calif.) said continued deficit spending by the Democrats only hurts the country more than it was hurt by the Bush administration's spending. "Yes, there was irresponsible fiscal policy," he said. "Why in the world would you want to exacerbate and continue that bad policy? Republicans have learned their lesson. It seems that lesson has not yet been learned on the other side of the aisle."

In addition to extending unemployment benefits, the bill also extends eligibility for the home buyer tax credit. People who signed a contract on a home before April 30 can claim the credit if they close before October 1.
Filed Under: The Capitolist

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b.j.

If you cant get a job with 26 weeks of unemployment benefits you are not trying to get a job. I am tired of hearing people refusing jobs because it is less pay or don't like the work. Well...suck it up and get over it and go to work. I am working harder and for less than what I am accustom to. I am also very thankful to have a job. Stop making me pay for yall grown people to sit at home while I support you with my 8 dollar an hour job. Get up and work for less like I did.....

November 30 2010 at 12:45 PM Report abuse rate up rate down Reply
conservgirl8

And on the floor of the Senate, Sen. Byron Dorgan let the liberal cat out of the bag. He attacked Republicans for supporting tax cuts that would "reduce this country's income."

"Everything you need to know about liberalism is wrapped in that one sentence. Letting people keep more of their own money reduces "this country's income." Income, to them, is not what people keep, but what the government takes. In other words, to the Democrats, America is not a country with a government, but a government with a country."
Chris Chocola

July 23 2010 at 6:55 PM Report abuse +1 rate up rate down Reply
arkiestoy56

thanks president obama for caring about the poor and unemployed. feeding our people is as important as feeding other countries not any different.we help our people at home first and foremost. thank you the senate and the house. we are forever grateful. we should feel good going to bed at night knowing that there are people that still love our country and our people.like someone mentioned we never forget especially at voting time.and how many will vote probably the millions of employed. thanks again and may god bless america.

July 23 2010 at 12:31 AM Report abuse -2 rate up rate down Reply
rvj1000

Let's be fair and honest. In any effort to supply people with relief, there are always those that look to abuse the system. Unemployment is no different. That does not negate the legitimate need that millions of Americans are facing in what are unprecedented economic times since the 1930's. Come on people, at least acknowledge that these times we live in are being compounded by disaster, war, epedemic, and finacial unsuratiy. To beleive allowing to let the richest of the rich keep more of their money is the way to pull of out of these times is ludacris. To blame President Obama for it is just as ludacris. If you think any one president would make the country better from all this you are ludacris. No magic bullets, we just need to use common sense and all become alittle more independent from party for the good of the country. That is the challenge. A presidnet Palin or a president Romney would fair no better than our current President. Do not be an obstruction...just for party sake.

July 22 2010 at 10:52 PM Report abuse rate up rate down Reply
Kalixt

The bottom line of this unemployment debate is this: regardless of who's fault the economy is, we need to end the war in Iraq at least, and stop the bleeding of money there. It would cost a great deal more money to have the unemployed on welfare, food stamps, medicaid, section 8, public housing, etc. than does to send them a $300 check each week. FYI to those who think you sit on your but to collect a check, when you collect $300 a week, it means you made 60% more than that when you worked. That means that when the person WORKED they made AT LEAST $750 a week. If you made ANYTHING MORE THAN THAT you still have to live off the same $300 a week maximum as someone who only made $750. Most older persons working for years and years who never collected and probably made more then 1000 a week working now have to live off of the same $300 a week...Anyone would rather go back to work and keep their lifestyle. More importanly, there are jobs out there, sure, in some states, but employers are the ones, cheating the government. Why pay someone to work for you when you can lay them off, get them off your payroll and on the governments, and then just have a new hire do that job and perhaps another 2 jobs for the same or less money. Employers have found another way to improve their bottom line and no one is looking at that. NO one wants to hire a workforce with education and experience because they have to pay you more, that affects their bottom line. In the end, that is what it is all about. So, this mess is all in the name of good 'ol capitalism.

July 22 2010 at 9:41 PM Report abuse -2 rate up rate down Reply
1 reply to Kalixt's comment
mcgowann

I don't think you realize that the employers didn't lay off people for the fun of it. When a big portion of your customers made a living in construction and the jobs dried up, we business owners lost customers, too. We could either lay off some employees and keep what jobs we could or go out of business killing all of our jobs. This economy is hurting everyone except those people who get their paychecks from taxpayers dollars, federal, state, county and local government employees are the only ones with safe jobs and huge benefits. The employers are afraid to expand because they don't know how much healthcare is going to cost. Luckily, the Cap & Trade bill was dead on arrival in the Senate today. That was another reason for employers to be scared to hire more people when energy costs could've have skyrocketed (Obama's word, skyrocketed).

July 22 2010 at 10:00 PM Report abuse +5 rate up rate down Reply
andrc657

I don't understand why the republicans were against unemployment benefits if they added to the deficit but are pushing to extend Bush tax cuts to the wealthiest with no concern about the deficit.

July 22 2010 at 7:25 PM Report abuse -1 rate up rate down Reply
4 replies to andrc657's comment
skinnycat

Why do Americans fight and argue with other Americans over political parties? Have you not yet realized that BOTH 'parties' are crooked and are driven by greed and power. We desperately need term limits. Something happens to them when they get inside the beltway. They forget how WE THE PEOPLE are struggling under their so called leadership.
Our present crisises most likely started under Reagan with deregulation in too many places. Then GHWBush was the first to mention "new world order" in public. He also drafted the Free Trade agreement which Clinton signed not long after taking office. Clinton was also a snake in the grass. GWBush and his "executive privilege" did in some of our rights and he, along with Paulson, did the first HUGE bailout of the asinine banking system. Along with starting two wars. Then along comes Obama and named a NY Federal reserve president to the Treasury. How blatant can you get?
So it is a continuation of the same ole, same ole.
SO VOTE THE SUCKERS OUT and replace them with carefully chosen good people. Before they do us all in.

July 22 2010 at 6:44 PM Report abuse +6 rate up rate down Reply
rat5678

if repubs have learned their lesson, why do they still clamor for a tax cut? Also, if unemployment is such a problem, perhaps somebody can look into what has changed, other than the economy. I agree that jobs do exist-for those who are employed. Unemployed people who have been unemployed for a while now have bad credit-among other issues. Employed people don't realize this. I personally found a job but was fired after two weeks only because I had bad credit. They told me I was good at my job, but somebody mistakenly forgot to check my credit before I was hired, so, bye bye. I bet people with jobs don't have that problem-even if they have bad credit. But for unemployed, it's an issue. Most employed people I tell don't believe this, so I understand when they think we are all bums. Jobs are there for only the most fortunate of us, not everybody.

July 22 2010 at 6:33 PM Report abuse -1 rate up rate down Reply
kev

How high will the unemployment rate go?
Thursday, November 13, 2008
The Bureau of Labor Statistics reported that there is a lot of slack building in the economy: the October unemployment rate rose to 6.5% and the total number of jobs lost in 2008 grew to 1.2 million. The question is, for how long will the labor market contract (unemployment rises)? If the contraction is anything like the contraction in 1957-1958, the unemployment rate could rise to 9.5%. You thought that I would say 1982, right? Well, read on.

July 22 2010 at 6:22 PM Report abuse +3 rate up rate down Reply
1 reply to kev's comment
Eric

Funny, I have a friend who had to go on unemployment to make sure his family had enough money to eat at night, but continuously sought out new jobs. Maybe it's time you get new friends...

July 22 2010 at 6:47 PM Report abuse -1 rate up rate down Reply
david85719

my friend has been on unemployment for almost two years.. he won't even begin to look for a job until he's certain benefits will end. He sits on his couch all day and watches TV. For two years.. And now with this extension, he thanks you very much once again!

July 22 2010 at 6:09 PM Report abuse +8 rate up rate down Reply

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