Despite lingering signs of a weakened economy, a bipartisan budget deal working through U.S. Congress will not extend emergency benefits for the nation’s long-term unemployed past Dec. 28.
If the emergency benefits are allowed to expire, the cut will hit more than 36,000 Ohioans in December and 128,600 through 2014, according to left-leaning think tank Policy Matters Ohio.
Without the extension, Ohioans can tap into just 26 weeks of state-provided jobless aid. Federally funded emergency benefits give the unemployed another 37 weeks to find work before losing government assistance.
“There are 4.1 million workers who have been unemployed for more than six months, which is well over three times the number of long-term unemployed in 2007, before the Great Recession began,” write Lawrence Mishel and Heidi Shierholz of the left-leaning Economic Policy Institute (EPI).
Supporters claim the benefits boost the economy by allowing the long-term unemployed to continue buying goods and services that effectively support jobs. EPI estimates the benefits would sustain 310,000 nationwide jobs in 2014.
But at $25.2 billion a year, the emergency benefits come at a hefty price tag for conservatives who are trying to rein in federal spending.
EPI claims the “sticker price” overestimates the net cost of the benefits.
“The 310,000 jobs created or saved by the economic activity this spending generates will in turn generate greater federal revenues from the taxes paid on the wages earned by those who otherwise would not have jobs,” write Mishel and Shierholz. “They will also save the government money on safety net spending related to unemployment (for example, Medicaid and food stamps).”
U.S. Sen. Sherrod Brown, an Ohio Democrat, last week joined 31 other Democratic senators in support of extending the benefits.
“We must do everything we can to support those who are still struggling following the worst economic crisis since the Great Depression,” Brown said in a statement. “These are hardworking Americans — many with children — who have fallen on tough times.”
White House Press Secretary Jay Carney told reporters on Thursday the administration “absolutely expects” Congress to extend emergency benefits, but the extension could come after Congress reconvenes from a winter recess in January.
The House of Representatives on Thursday passed a bipartisan budget deal without an extension for the long-term unemployed. The Senate expects to take up the same budget bill sometime this week.
Leave it to TV talk show host David Letterman to tell it like it is.
Broaching a topic that is on most political junkies' minds these days, Letterman questioned the psychological stability of House Speaker John Boehner (R-West Chester) on his CBS show Monday night.
President Barack Obama announced a new trade action against China during a Cincinnati campaign stop on Monday, where he also took the opportunity to attack Republican challenger Mitt Romney.
The U.S. filed the case at the World Trade Organization on Monday and claims that China offers “extensive subsidies” to native automakers and auto-parts producers.
The Chinese government filed its own complaint before the WTO on Monday, challenging tariffs the U.S. imposes on Chinese products ranging from steel to tires. The tariffs are meant to protect American manufacturers against what the U.S. government claims are unfair trade practices by China.
“(The U.S. action is) against illegal subsidies that encourage companies to ship auto part manufacturing jobs overseas,” Obama said before an estimated crowd of 4,500 at the Seasongood Pavilion in Eden Park. “These are subsidies that directly harm working men and women on the assembly lines in Ohio and Michigan and across the Midwest.”
“It’s not right, it’s against the rules, and we will not let it stand. American workers build better products than anyone. ‘Made in America’ means something. And when the playing field is level, America will always win.”
Obama went on to criticize his Republican challenger, saying Romney made his fortune in part by uprooting American jobs and shipping them to China. Obama accused Romney — who has criticized Obama’s foreign policy, saying the president apologizes for American interests — of talking the talk without being able to walk the walk.
The Romney campaign countered with an email after the rally, saying that Obama’s economic policies were hurting the private sector and harmed manufacturing.
“The President’s misguided, ineffective policies have hampered the private sector and allowed China to flaunt the rules while middle-class families suffer,” Romney campaign spokeswoman Amanda Henneberg wrote.
“As president, Mitt Romney will deliver a fresh start for manufacturers by promoting trade that works for America and fiscal policies that encourage investment, hiring and growth.”
The email pointed to reports from Bloomberg finding that manufacturing and production have shrunk recently.
Before the Obama rally several Ohio Republicans held a news conference behind a Romney campaign bus near Eden Park, where they focused more on the deficit than foreign trade.
U.S. Rep. Steve Chabot said it was “laughable” that Obama considers himself a budget hawk. He pointed to the decline in budget negotiations between the president and the Republican-controlled House of Representatives, saying Obama “walked away” from talks with Speaker John Boehner.
“Basically as president from that time last August until now, it’s been all politics,” Chabot said.
Chabot also attacked Obama on foreign policy, claiming the president has left Israel hanging in the Middle East and is not serious with Iran, who he says is on the brink of getting nuclear weapons.
The president in his speech said he did have a plan to reduce the federal deficit, and would reduce it by $4 trillion over the next 10 years without raising taxes on the middle class.
Monday’s visit to Cincinnati was Obama’s second of this campaign and his 12th trip to Ohio this year. Romney has visited the state 18 times during his campaign.
Obama was scheduled to fly to Columbus Monday afternoon for a campaign appearance there.
Despite its founder’s insistence Thursday that reaction had been mostly favorable, the Susan G. Komen for the Cure charity abruptly reversed course today and is restoring funding for Planned Parenthood.
The Los Angeles Times reports Nancy G. Brinker, Komen's founder and CEO, said that the breast cancer foundation's decision to halt funding to providers who were under investigation was not done for political reasons and was not meant to penalize Planned Parenthood specifically.
When it comes to debating policy issues, most people will tend to respect their opponents more if they at least use verifiable facts when making their arguments and not outlandish statements that are easily shredded.
Such is the case with Hamilton County Republican Party Chairman Alex Triantafilou and his attacks on U.S. Rep. Steve Driehaus (D-Westwood) over the recent "cap and trade" bill that seeks to limit carbon dioxide emissions.
Activists gathered on Thursday outside of the West Chester office of U.S. House Speaker John Boehner, asking the House’s top official to look at reducing military spending when coming up with a budget.
The group of nearly two dozen — which included nuns, a veteran, a retiree advocate, a small businessman and progressive activists — held signs reading, “It is time for Nation Building in the United States. Cut Massive Pentagon Budget Now!” and “End Tax Breaks for Richest 2%.”
“We’re here today in front of Speaker of the House John Boehner’s West Chester office to drive home the fact that we believe that over 50 percent of the budget magically, this elephant in the House, has failed to be discussed as we discuss taking away services that provide human needs,” said David Little of Progress Ohio.
“Any discussion that fails to address excesses in that budget is failing the American people.”
Little added that it was possible to support the troops and veterans without spending billions on pointless wars.
Butler County attorney and Navy veteran Bruce Carter said the military can be more efficient in what he called the changing mission.
“When you refuse to have a discussion on over half of the budget, that’s like trying to tell the Bengals to win a game without going over the 50 yard line,” he said.
The group had a letter to deliver to Boehner, which contained what they called a statement of principles.
“We believe in a holistic approach to the budget crisis, and in order to protect the middle-class, cuts to the Pentagon need to be at the forefront,” the letter states. “We understand that Pentagon cuts are a controversial issue, however, Pentagon cuts in the sequester do not threaten our national security.”
The letter suggests that some of the money currently being spent on the Defense Department goes to providing services for veterans.
The military accounted for about 52 percent — or $600 billion — of discretionary spending in fiscal year 2011.
In contrast, education, training and social services collectively made up 9 percent of the budget.
The group of four activists weren’t allowed into Boehner’s office, but a young staffer met them outside. He said that the speaker thought everything should be on the table when it came to budget cuts.
Don't let the innocuous name fool you. The Campaign for Working Families has nothing to do with making life better for overworked or cash-strapped middle-class families.
Instead, the political action committee (PAC) is concerned with electing "pro-family, pro-life and pro-free enterprise" candidates to federal and state offices. Founded in 1996 by evangelical Christian and wannabe presidential candidate Gary Bauer, the PAC has pumped $124,950 into ads helping get Republican Steve Chabot reelected to Congress.
Just days after his abrupt firing by MSNBC, some progressive activists and politicians are pushing for Keith Olbermann to run for the U.S. Senate as a Democrat.
Overtures are being made to convince Olbermann to run for the seat being vacated by the retiring Joe Lieberman of Connecticut. Olbermann, 51, is a New York City native but has lived in Connecticut before.