[Congressional Record Volume 156, Number 105 (Thursday, July 15, 2010)]
[House]
[Page H5620]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
UNEMPLOYMENT INSURANCE DOES NOT DISCOURAGE THE JOB SEARCH
(Mrs. MALONEY asked and was given permission to address the House for
1 minute.)
Mrs. MALONEY. Mr. Speaker, unemployment benefits are a necessary
lifeline for jobless workers trying to make ends meet and also provide
a boost to the economy. These benefits are crucial when there are five
job seekers for every available job. Unemployment benefits keep workers
attached to the workforce, preventing some workers from shifting to
other more costly programs, such as Social Security disability
insurance.
By the end of 2010, the Joint Economic Committee estimates that
290,000 unemployed disabled workers will exhaust their benefits.
Shifting these workers from the labor market and onto the Social
Security disability insurance rolls--the cost of inaction--is a
staggering $24.2 billion lifetime cost, contrasted with $721.3 million
this year by extending the benefits.
Extending unemployment benefits is both morally right and the
fiscally responsible thing to do, providing a boost to the economy and
a savings to the government.
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