Are unemployment extensions coming in December 2010? Jobless Americans faced the fear of the unknown during the Thanksgiving Holiday in 2010.
Now those same jobless American are wondering if a new bill aimed at unemployment extensions will be put into place well before Christmas.
Or will those Americans who lost employment through no fault of their own be set to face a tough Holiday season without receiving any benefits?
The question is a rather large one for those left in the predicament. Not only do those jobless Americans face the prospects of not having spending money for gift,
but they’ll also most likely face the prospects of not having enough money to put food on the table or pay mortgage bills.
It’s a gloomy proposition for those who are already suffering during the recession.
So what needs to happen for a December 2010 unemployment extension to be put in place? The politicians in Washington will need to move quickly to avoid a lengthy interruption
in unemployment benefits. So far, it looks like an inevitable delay will take place during the month of December. And it certainly won’t be the first lengthy delay we’ve seen
in 2010 concerning the extension of unemployment benefits. The fight raged on for a few months as approximately 2 million Americans lived without unemployment extensions.
The fight was in the United States Senate during the summer of 2010. Now, just several months later, another political battle is set to take place concerning the unemployment
extensions in December.
It’s a broken record many jobless Americans would rather not face the prospects of. Instead of figuring out a solution in the past several months, once again our politicians
utilizing a play it by ear approach in regards to unemployment benefits. This simply shouldn’t have played out like this. But it is politics and perhaps the people in Washington
are content or intent on using the item for their own political agendas.
Once again jobless Americans are facing the possibility that they might not receive any unemployment benefits if such a bill doesn’t pass.
What needs to happen is the bill needs to get the nod in the House, Senate and then land in the hands of President Barack Obama. Does that seem likely to happen quickly
considering the amount of time it took before the bill passed last time? It certainly seems like a given that the jobless Americans who have lost employment through
no fault of their own will be sitting on pins and needles during the early part of December 2010. There is a chance if such a bill doesn’t pass in the House that
that those same jobless Americans could be in the dark still by January 2011. That’s a horribly sad truth that people in the predicament of having lost jobs through no fault
of their own could face if the politicians in Washington don’t figure out some way to come to a consensus regarding the matter.
That means many people, and the estimates are once again in the several million range, could be spending the Holiday season without enough money to pay rent-much less spend
money on gifts. It’s a horrible thought that the stress level of several million Americans will only be increased by the slow motion wheels of our political process.
A December 2010 Unemployment Benefit Extension is the only way to provide an enjoyable Holiday season for those who have already been victimized by the horrible economy.
Our politicians need to set their own respective issues aside and get such a bill passed quickly. It has been proven many times that the injection of spending in the economy only
increases with the supply of such benefits to jobless Americans. Can you imagine what kind of injection unemployment extensions can add during the Christmas season when spending
is at its peak? Can you imagine what the spending will be like without Unemployment Extensions?
We could be starting January 2011 on a very sour note if the spending in December, which is normally a huge consumer spending month, has been slowed. Let’s just say the fiscal
year won’t exactly be off to a great start if December stinks because our politicians wage war against one another in regards to the Unemployment Benefits.
Passing an unemployment extensions bill in early December 2010 is the only answer to avoid that nightmare. The House and Senate need to swiftly figure out a resolution and get it
If not, we could start January 2011 the same way we started the past two new years–in a horrible economic slump. I don’t think it takes a financial analyst to comprehend what
a lack of consumer spending during the holiday months would mean in regards to the overall economy. But passing the 2010 Unemployment Extensions shouldn’t be just about Holiday
sympathizing. It should be about doing the right thing and providing for those who have endured losing jobs through no fault of their own during an economic crisis.
I find it horrific that once again there is a dilemma concerning a thing that should have been a no-brainer for politicians. The unemployment rate is still near a staggering 10%.
The jobs are still not abundant. Whether the unemployment benefits are funded or not-the bill should get passed so jobless Americans can breathe easier until the economy changes.
We are still in a recession. Sure, adding money to the national debt doesn’t help the situation–but it shouldn’t hurt the situation either. Throwing money into the economy will
only help spending during a time when America needs spending. If Congress doesn’t pass such a bill, I believe it could be devastating to the overall economy during such a crucial
consumer spending month. I hope the politicians realize that and set their own individual differences aside. Not just that, but I hope they realize and empathize with the people
who truly need a lift during this Holiday season. It is about to be Christmas afterall. And starting 2011 on such a horrid note isn’t exactly the jump start the United States needs
at this moment.