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Thursday, January 09, 2014

Congress Picked An Historically Bad Time To Kill Unemployment Benefits

Congress Picked An Historically Bad Time To Kill Unemployment Benefits

"The current U.S. Congress just keeps racking up the superlatives: Not only is it the worst Congress in history, it is also the cruelest Congress to unemployed people in many decades.
Congress decided in its infinite wisdom to let emergency unemployment benefits end late last year for more than 1 million Americans suffering from long-term unemployment. Congress did this at a time when the long-term unemployment rate -- meaning the percentage of the U.S. labor force out of work for six months or more -- was more than 2.5 percent.
Never in any recession since at least 1957 has Congress let such emergency benefits expire when long-term unemployment was so high, the Economic Policy Institute pointed out on Wednesday."
''I'm tired of being crushed under the weight of greedy men, who believe in nothing.''

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