I ran for Congress to support ideas, no matter whose they were, to get our economy going. Well, unemployment rates across my district in Michigan are gradually falling. There are 23,000 people that I represent that will lose their lifeline by the end of the year unless the Republicans end their filibuster in the Senate. Let's be clear: Our economy will worsen and our deficit will worsen if unemployment benefits aren't extended. I repeat that: Our economy will worsen and our deficit will worsen if unemployment benefits aren't extended at this critical time. Don't take my word for it--economists of all political stripes agree. Even John McCain's economic adviser, Mark Zandi, said, No form of the fiscal stimulus has proved more effective during the past 2 years than emergency unemployment insurance benefits providing a bang-for-the-buck of $1.61 for every dollar of unemployment benefits. It's time for us to act to provide a lifeline and help our economy.
Mark Schauer: “I ran for Congress to support ideas, no matter whose they were, to get our economy going. Well, unemployment rates…”
Editor's note · Context
The speaker addresses the need to extend unemployment benefits to support the economy and prevent worsening deficits.
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