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(visit the link for the full news article)
Can more jobless benefits cure as well as treat symptoms of ailing U.S. economy?
By JESSE J. HOLLAND (AP Labor Writer)
From Associated Press
February 03, 2008 3:22 PM EST
WASHINGTON - For a bipartisan majority of senators, providing three months or six months of extra unemployment checks to more than 1 million jobless people is a better way to dig the U.S. economy out of a recession than just printing tax rebate checks.
Some economists agree, and undoubtedly, so do the nearly 1.3 million unemployed workers who face losing an average $282 (euro189) a week in benefits before June.
But there is strong opposition leading up to a Senate vote in the week ahead on whether to add an extension of jobless benefits to a $161 billion (euro108 billion) House-passed combination of tax rebates and business tax cuts.
Originally posted by DimensionalDetective
Senate looking to extend jobless benefits as an aid to failing economy
enews.earthlink.net
(visit the link for the full news article)
Can more jobless benefits cure as well as treat symptoms of ailing U.S. economy?
By JESSE J. HOLLAND (AP Labor Writer)
From Associated Press
February 03, 2008 3:22 PM EST
WASHINGTON - For a bipartisan majority of senators, providing three months or six months of extra unemployment checks to more than 1 million jobless people is a better way to dig the U.S. economy out of a recession than just printing tax rebate checks.
Some economists agree, and undoubtedly, so do the nearly 1.3 million unemployed workers who face losing an average $282 (euro189) a week in benefits before June.
But there is strong opposition leading up to a Senate vote in the week ahead on whether to add an extension of jobless benefits to a $161 billion (euro108 billion) House-passed combination of tax rebates and business tax cuts.