200,000 Americans May Lose Unemployment Benefits This Week

Since the Senate failed to pass even a one month extension on Extended Unemployment Compensation (EUC) before adjourning for the Spring recess, over 200,000 people could run out of the unemployment benefits they’re relying on to make ends meet until they find work.

What is sad is that it doesn’t appear that either side, Democrat, or Republican, is against extending the EUC program. The argument is about how it should be paid for. Republicans want it paid by drawing on previously committed stimulus funds. They say that not doing so will grow the deficit and that this is unacceptable.  Democrats argue that doing so would negate the stimulating effect, since it would take away money from another part of the stimulus package.

To be fair to the Democrats, the Republicans did not care much about the deficit when they unanimously voted to pass President Bush’s tax cuts, which were not paid for at all, nor were they concerned about the deficit when they voted to continue funding the wars in Iraq and Afghanistan, which were also not paid for.  Why they should be so concerned about the deficit now, and over a $9 billion dollar expenditure, which is a drop in the bucket compared to those other things, is baffling.

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