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.
After a seemingly interminable campaign season filled with bizarre antics and toxic TV commercials, Election 2010 is finally over. Some people are recovering from partying on Tuesday night, while others might be beginning therapy to deal with what lies ahead for our county, state and nation.
With just five days left until the primary election, Ohio Secretary of State Jennifer Brunner is touring the state in her converted school bus, “the Courage Express,” for some last-minute campaigning in her U.S. Senate bid.
Brunner made local stops at Take the Cake in Northside, Keller’s IGA in Clifton and Fountain Square downtown.
House Minority Leader John Boehner (R-West Chester) is getting some serious face time on YouTube these days.
A person named Josh Stanley has created a mash-up of Boehner’s angry “Hell no, you can’t” rant on the floor of Congress from the March 21 vote on the health care reform bill with the popular song, Yes We Can. The latter was created by singer will.i.am of the Black-Eyed Peas, to support Barack Obama in his successful 2008 presidential bid.
An organization of retired labor union workers is praising the failure of Congress' so-called “super committee” to agree on a deficit reduction deal as a good development for elderly Americans.
The Ohio chapter of the Alliance for Retired Americans said many politicians, especially Republicans, are unfairly blaming the deficit on Social Security, Medicare and Medicaid. They are using the budget battle as an excuse to dismantle programs they dislike, the group added.
Guess there's a reason why Congress doesn't care much for the 99-percent movement: Eleven percent of Congress is part of the 1 percent. Fifty-eight members of Congress have $9 million or more in net worth, including Kentucky's own Mitch McConnell and John Yarmuth. Congress also includes 250 millionaires, so maybe they'll listen.
Occupy Wall Street celebrated its two-month mark by organizing a “day of action,” beginning with a march to the New York Stock Exchange.
The fiscal cliff was averted, but some Greater Cincinnati politicians didn’t do much to help. U.S. Speaker John Boehner voted for the final fiscal cliff deal, but Republican U.S. Reps. Steve Chabot, Jean Schmidt and Mike Turner voted against the deal. Ohio’s U.S. Sens. Rob Portman, a Republican, and Sherrod Brown, a Democrat, voted in favor of the deal.
U.S. Congress may have averted the fiscal cliff, but the spending cuts were only delayed for two months. For jobs at the Wright-Patterson Air Force Base, that means another congressional showdown in March could decide the fate of thousands of jobs. On the other hand, no one is surprised Congress reacted to a crisis by kicking the can down the road.
As part of the fiscal cliff deal, Ohio’s wind industry should feel a little safer thanks to the extension of wind energy tax credits. Still, advocates are frustrated funding for wind energy is part of a “stop-and-start policy” that can suddenly continue or end depending on last-minute congressional deals.
The Buckeye Firearms Association is training and arming 24 teachers through a pilot program in the spring. A previous CityBeat analysis found no evidence that arming teachers would help stop gun violence; in fact, armed people tend to be in greater danger of violence.
Ohio and Kentucky are still in the bottom half of Forbes’ ranking for businesses, but they’re showing improvement.
The Ohio Liberty Coalition, a tea party group, is not happy with Gov. John Kasich. The group is upset Kasich supposedly violated the state’s Health Care Freedom Amendment by signing legislation that compels all Ohioans with health care insurance to buy autism coverage. If even conservatives are angry at Kasich, who’s happy with him?
Cincinnati-based Macy’s is closing six stores, but none of them are in the Cincinnati area.
Surprise! Research has linked being overweight (but not obese) with lower risk of mortality.
During her final days as commander, Sunita Williams of NASA recorded a tour of the International Space Station.
A new study found newborn babies know the difference between their native language and a foreign one.
Perhaps hoping to woo a few Tea Party voters, many households in Ohio's 1st Congressional District received a letter from U.S. Rep. Steve Driehaus (D-Price Hill) this week, providing an update on the U.S. Census.
The letter, on Driehaus' official Congressional stationery, notes that the 2010 Census effort was completed under budget and had a 72 percent national participation rate, the same as the 2000 Decennial Census.
With the prospects for repealing the U.S. military's “Don't Ask, Don't Tell” policy looking ever dimmer, two local groups will hold a vigil to remember the men and women discharged due to the policy.
The Greater Cincinnati Human Rights Campaign and the Alliance, a student group at Xavier University, will hold the vigil Nov. 15 at the greenspace area on Xavier's campus.