The National Employment Law Project is reporting that another
70,000 Americans will be cut off from unemployment insurance next month.
Already - nearly half a million Americans have lost their unemployment
benefits this year thanks to austerity measures demanded by Republicans
in Congress - and rubber-stamped by Democrats and President Obama -
that cut unemployment insurance down from 99 weeks to 79 weeks in states
that haven't seen their unemployment situations get worse. That even
includes states like Florida, Nevada, and Illinois that all have
unemployment rates above the national average.
So what does this mean? Aside from the moral crisis of pushing
families into desperation - it's also bad for the economy as money is
being taken out of the hands of Americans who would normally spend it
and stimulate the economy. Republicans have been pushing policies that
will crash the economy - just so they have a better chance at beating
President Obama in November. And unfortunately Democrats are letting
them get away with it.
-Thom
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