Uncategorized

Want to slow the economy’s recovery? Stop helping the unemployed.

Congress has a pretty big deadline at the end of the month. If they don’t move to extend the emergency unemployment benefits by Nov. 30, it will mean that unemployment benefits will be largely capped at six months.

Not only would that wreak havoc on the lives of those receiving benefits that stand to be immediately or evenutally affected, it could amount to a sucker punch to the nation’s economy, according to this timely report from the Center on Budget and Policy Priorities.

Right now, more than 5 million people in the country are receiving benefits after being laid off and let go from jobs. Congress has extended the unemployment benefits to go beyond the six months traditionally allotted given the extremity and depth of the Great Recession. As it stands, for every open job in America, there are five out-of-work people applying for it, the report found.

The report also points out that Washington has never withdrawn helping when the unemployment rate has been as high as the 9.5 percent it’s at now. Instead, the powers-that-be have waited until things were well on track to getting better.

With less than three weeks to the end of the month, the clock is ticking.

2 Comments


  1. […] This post was mentioned on Twitter by Wm Cole Smith, Wm Cole Smith. Wm Cole Smith said: Hiring sales Want to slow the economy's recovery? Stop helping the unemployed.: Congress has… http://bit.ly/bxkhKv http://www.elocdigital.com […]

  2. Luz

    November 11, 2010 at 7:47 am

    To help the unemployed is to help the economy from further plummeting.

Check Also

UNC Board of Governors face protest, chooses new board chair and interim president

It was a busy day at the final ...

Top Stories from NCPW

  • News
  • Commentary

More than a month after a deadline to correct faulty campaign finance reports, N.C. Sen. Ralph Hise [...]

Even before he dropped the gavel on the Senate Finance Committee meeting, Sen. Jerry Tillman, a noto [...]

The $23 billion budget deal speeding through the N.C. General Assembly this week includes a platoon [...]

Royal Diadem Jewelers in Greensboro sets itself apart in a number of small ways - fast and friendly [...]

The final budget that lawmakers have proposed fails to strengthen the foundation of North Carolina’s [...]

Most of the initial headlines about the final budget agreement announced Monday afternoon by legisla [...]

Unexplained, backroom maneuver would rob already underfunded anti-poverty program There’s no denying [...]

Women and their access to health care has been in the news these past few months, as the plan to rep [...]

Featured | Special Projects

Trump + North Carolina
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.
Read more


HB2 - The continuing controversy
Policy Watch’s comprehensive coverage of North Carolina’s sweeping anti-LGBT law.
Read more