Jobless Aid Advances in Senate: Legislation to restore benefits for the long-term unemployed overcame a procedural hurdle in the Senate Tuesday. In what Sen. Bernie Sanders called “an important victory,” the legislation that he cosponsored survived a 60-37 test vote on whether to debate a three-month extension of the program. “At a time of growing wealth and income inequality, we cannot turn our backs on 1.3 million people who would be left out in the cold without this help,” said Sanders. He noted that unemployment insurance kept 2.5 million Americans, including 600,000 children, out of poverty in 2012. “It makes both moral and economic sense to help people looking for work,” Sanders added. Unless the benefits are restored and job hunters receive disposable income, the economy is expected to lose more than 200,000 jobs this year, according to the Congressional Budget Office. Each dollar spent on unemployment insurance benefits generates $1.55 in economic recovery. Continue reading here: sanders.senate.gov/newsroom/recent-business/jobless-aid-advances-in-senate
Posted on: Tue, 07 Jan 2014 21:30:00 +0000
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