After 5 Weeks, 3 GOP Filibusters and 200,000 Americans Running Out of Bennies, Obama to Sign Unemployment Extension
The good news is, President Obama will sign a measure today to extend unemployment benefits for at least 14 weeks for people out of work. It's money well spent -- it helps struggling people, and the investment tends to be stimulative -- and with new, discouraging job numbers, the timing is right.
"Given the employment situation and the general bang for the buck you get from unemployment insurance, that's probably the most sensible of the stimulative policies to extend," Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said.
The bad news is, it took far too long to get the common-sense bill through Congress. The measure stalled in the Senate for weeks, and while GOP lawmakers dithered, about 200,000 people who are looking for work lost their benefits.