On the recordJanuary 9, 2014
Congressman, let me at the outset thank you for the opportunity to provide some clarity to the discussion and the lack of debate, many times, in this House about what is really important to the American people. That clarity is important to this whole Congress. It is important specifically to our Democrats and in particular to the Progressive Caucus, of which you are a member, and I want to thank you for that and for your efforts. The Federal Emergency Unemployment Compensation program expired on the 28th because of a lack of action on the part of the majority--the majority being the Republicans--cutting off an average weekly benefit of $300, as has been stated, to 1.3 million job seekers. Without that extension, another 72,000 Americans on average are estimated to lose their unemployment insurance every week during the first half of this new year. All economists agree that providing extended unemployment benefits is one of the most effective job creation strategies available during a high period of joblessness. In this period of economic uncertainty, every $1 of unemployment compensation creates 52 cents in additional economic activity beyond that dollar. The nonpartisan Congressional Budget Office estimates that extending benefits for another year will save 200,000 jobs.…





