Economist: Dems’ 15-Day Unemployment Extension ‘Makes No Sense’
Senate Majority Leader Harry Reid (D-Nev.) is reportedly preparing to introduce a bill extending the filing deadline for the next tier of unemployment benefits by 15 days. The backlash from economists pushing for a much larger safety net was inevitable. Here’s Ross Eisenbrey, vice president of the Economic Policy Institute, who just released a statement blasting that strategy:
The American people may not be familiar with the arcane rules that are grinding the Senate to a halt, but they are all too familiar with the hardships that this recession has imposed on their families, friends, and neighbors. Senators have got to find a way to move forward to provide help to Americans who are out of work, starting with a 12-month extension of unemployment benefits.
Without congressional action, the filing deadline arrives Friday. An estimated 1.2 million unemployed workers are poised to exhaust their benefits next month if that cutoff remains unchanged.