EXTENSION OF UNEMPLOYMENT INSURANCE: "AMERICANS HAVEN'T GIVEN UP, NEITHER CAN WE"
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Uploaded by MarciaLFudge on Dec 7, 2011
Mr./Madam Speaker, I rise to address the urgent need to extend unemployment insurance for struggling Americans.
45% of all unemployed workers have been out of work for more than six-months.
Karen from Cleveland was laid off in March. She was laid off from a law firm due to budget constraints. She is 62-years-old and unable to find a job in this economy. Unemployment insurance is helping her get the necessities. It's allowing her to pay for expensive, but necessary prescriptions. She is actively looking for work. But she's afraid that if her unemployment benefits are cut, she will lose her house.
Karen's state unemployment benefits run out at the end of December. If Congress fails to renew the federal unemployment insurance program, she'll become another statistic --- one of the millions who call themselves the 99 percent.
Karen along with 6 million Americans will be cut off from this emergency lifeline in 2012, unless Congress acts.
Sandra of Cleveland Heights lost her job in April 2011 — her third layoff. She is 59 years old. She never thought she would find herself in this position, at this age.
Rather than defaulting on her mortgage, she used up her retirement savings. Now, she is deeper into debt. When her unemployment funds run out, it's likely she will default. And being an older worker makes it even harder.
We see this scenario all too often across this nation; hard working Americans getting laid off, using up their savings and then losing their homes. We've seen foreclosure rates soar and Americans are falling behind on their mortgage payments at a rapid rate. In my District, more than 13 percent of homeowners are ninety or more days behind on their mortgage.
In 2010, unemployment benefits have kept 3.2 million Americans, including nearly 1 million children, from falling into poverty.
Extending Unemployment Insurance could prevent the loss of over 500,000 jobs, according to The Economic Policy Institute. 500,000 Jobs. UI payments go directly into the economy—they support local businesses, help create jobs, and reduce the demand for public services. If we don't extend Unemployment Insurance, it would be the equivalent of pulling nearly $90 billion out of the economy in 2012.
There is one more story I'd like to share from Molly in Toledo. I tell Molly's story because it embodies the frustration felt by thousands upon thousands of Americans, across this country.
Molly has battled unemployment since October 2008. She wonders how the "rich and powerful" expect people like her to survive without good-paying jobs. "Are we just supposed to die?" Molly writes. "Commit suicide? Starve to death while homeless and on the streets?"
Molly says, "the deck really seems to be stacked against ordinary Americans. No one with any real power seems to care except Warren Buffet."
"I'm trying to find a good job," she says. "Or any job, for that matter. We the unemployed are demonized by the Right and discriminated against for being out of work: we're too old, or overqualified. Or under-qualified. Or we're the wrong color. What has happened to my country," Molly asks.
These are the stories of every day Americans who are struggling to get by. This is not about Democrats or Republicans; this is about coming together to help millions of unemployed Americans get through the worst economic recession since the Great Depression.
It's about helping our economy grow, and about creating jobs. Americans are frustrated with the decline of the middle class and the lack of good paying jobs. But these honorable citizens haven't given up, and neither can we.
We must act now. We must extend unemployment insurance.
I yield back.
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I acknowledge that the unemployment problem is terrible. But why have you done nothing to address the CAUSES of unemployment in your disctrict? Where are the entreprenurial initiatives from your office? Where is the motivational training to uplift these people from being unemployed to being business owners (and employers)?
Employment as it used to be in the 60s is a thing of the past. What is your plan for future prosperity?
Larry065 2 months ago