Political Quotes

On the recordJuly 15, 2010
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. ____________________
Said by
Carolyn Maloney
Democratic · New York

Share & report

More from Carolyn Maloney

Mar 7, 2012

I thank the gentleman. I rise to support H.R. 3606, which would help start-ups and small businesses succeed and create jobs during this economic recovery. I want to really congratulate and thank the ranking member for his leadership, along…

govinfo.gov
Oct 13, 2011

I am pleased that Americans have this added benefit in their lives. Thank you so much for your leadership. It has been a pleasure to join you tonight. {time} 2040

govinfo.gov
Nov 3, 2011

I thank my good friend and the ranking member on the subcommittee, the gentlewoman from California, for her leadership on this bill and her amendment and her efforts to make a good product an even better one. And I thank our ranking…

govinfo.gov
Oct 26, 2011

I would like to respond to the point that the gentleman made. Economists tell us that one of the ways that we climb out of recessions--and we're in the worst recession that I've experienced in my lifetime, the worst since the Great…

govinfo.gov

Other voices in this conversation