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| 03:24 PM | ||
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| 03:24 PM | ||
Barack Obama pushes Congress to act on lapsed unemployment benefits | |
| <<TIMEWATCHER>> Offer Upgrade  User ID: 37271772  United States01/04/2014 01:41 PM Report Abusive Post Report Copyright Violation | President Barack Obama on Saturday used his weekly presidential address to urge Congress to reinstate jobless benefits for more than a million Americans. The benefits lapsed on 28 December, after they were not included in bipartisan budget deal. In his address, released while he concludes a vacation in Hawaii, the president said the unemployment insurance was a "vital economic lifeline" for many people. He stressed that failure to reinstate the benefits would cause the economy to slow for all Americans. The president's remarks came a day after a Harvard economist, Professor Lawrence Katz, said the “fiscally irresponsible” decision to let the benefits lapse was costing the US economy up to a billion dollars a week. A bipartisan proposal in the Senate would restore the benefits for three months. Obama says if lawmakers pass the measure, he will sign it. Obama said: “Just a few days after Christmas, more than one million of our fellow Americans lost a vital economic lifeline – the temporary insurance that helps folks make ends meet while they look for a job. Republicans in Congress went home for the holidays and let that lifeline expire. And for many of their constituents who are unemployed through no fault of their own, that decision will leave them with no income at all. ” He added that the lapse in unemployment benefits “actually slows down the economy for all of us”, and said: “If folks can’t pay their bills or buy the basics, like food and clothes, local businesses take a hit and hire fewer workers. That’s why the independent Congressional Budget Office says that unless Congress restores this insurance, we’ll feel a drag on our economic growth this year. And after our businesses created more than two million new jobs last year, that’s a self-inflicted wound we don’t need.” Obama, who is due to return from vacation in Hawaii on Sunday, concluded his address with an appeal for bipartisan co-operation. Rest at Link: [link to www.theguardian.com]  GLP Disclaimer DON'T BELIEVE A DAMN WORD YOU READ ON THIS WEBSITE! The reader is responsible for discerning the validity, factuality or implications of information posted here, be it fictional or based on real events. Moderators on this forum make every effort to review the material posted on this site however, it is not realistically possible for our small staff to manually review each and every one of the more than 20,000 posts GodlikeProductions gets on a daily basis. The content of posts on this site, including but not limited to links to other web sites, are the expressed opinion of the original poster and are in no way representative of or endorsed by the owners or administration of this website. The posts on this website are the opinion of the specific author and are not statements of advice, opinion, or factual information on behalf of the owner or administration of GodlikeProductions. This site may contain adult language, if you feel you might be offended by such content, you should log off immediately. Not all posts on this website are intended as truthful or factual assertion by their authors. Some users of this website are participating in internet role playing, with or without the use of an avatar. NO post on this website should be considered factual information on face value alone. "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."- Samuel Adams "...It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds.." --Samuel Adams A man may die, nations may rise and fall, but an idea lives on. --John F. Kennedy The cost of freedom is always high, but Americans have always paid it. And one path we shall never choose, and that is the path of surrender, or submission. --John F. Kennedy Mankind must put an end to war before war puts an end to mankind. --John F. Kennedy All religions, arts and sciences are branches of the same tree. --Albert Einstein |
| Anonymous Coward User ID: 52456122 United States01/04/2014 02:01 PM Report Abusive Post Report Copyright Violation | |
