The expected decision by Congress to extend unemployment benefits will be a lifeline to the almost 5 million jobless whose state benefits have run out.
With their financial resources depleted and few signs of hiring anywhere, they now at least can count on a few more months of being able to pay basic bills and put food on the table. In the midst of a persistent financial crisis, the expected Senate vote this week will be a helpful step.
Despite stubborn Republican resistance, Congress appears poised to enact an estimated $33 billion in extended benefits. Though this bill does not continue benefits for those who have been dropped after reaching the maximum of 99 weeks, it restarts extended benefits for those who have not yet reached that limit.
The continued aid also restores a safety margin for those approaching the end of regular state unemployment benefits. And at a time when hardship sometimes seems just around the corner, the existence of unemployment insurance provides peace of mind to both the employed and the jobless.
The aid is also a direct stimulus to the economy, since most of it will be quickly spent on food, rent and other necessities. And without it, increased numbers of cash-strapped households would be a drag on the economy.
Maine Senators Susan Collins and Olympia Snowe supported the extension, but the Republican leadership continued to oppose the bill Wednesday, insisting that money be found in the federal budget to pay for the added benefits.
Balancing the budget must become a long-term goal for both Democrats and Republicans. But the emergency support and stimulus provided by this bill should not be delayed while families struggle.
— Questions? Comments? Contact Managing Editor Nick Cowenhoven at nickc@journaltribune.com.
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