With nearly 50 million Americans living in poverty and half of all Americans in low income households, we must take bold action now. We know that an extension of unemployment insurance is one the most effective ways to help get our economy going again. Maintaining extended unemployment insurance benefits is the most effective way to allow families to reduce their debt burden and thus return spending, investment, and economic growth to better health.
It is time to pass H.R. 589, a bill I introduced with Congressman Bobby ScottBobby ScottThe Hill's 12:30 Report A guide to the committees: House Repeal without replacement: A bad strategy for kids MORE (D-Va.), to provide appropriate benefits for the long-term unemployed.
Far too many Americans have exhausted all of their unemployment benefits and are still unable to find work. Early in the recession, 75 percent of the unemployed were receiving checks. The figure is now 48 percent — a shift that points to a growing crisis of long-term unemployment.
Abandoning these job seekers will only further depress the economy and will fail to reduce our deficit as more Americans fall into poverty and become eligible for other needs-based federal benefits. It is only by providing these millions of struggling American families with adequate and immediate relief and a genuine long-term pathway out of poverty that we can put America back on track to prosperity and economic growth for all.
The jobs crisis is a national emergency. We need to pass the American Jobs Act. We need to pass The Restore the American Dream for the 99% Act, a package of job-creation measures and budgetary policy reforms introduced by the Congressional Progressive Caucus. We need to invest in targeted job creation for our youth, for communities of color, for the long-term unemployed, and for America’s brave veterans. All of us deserve a fair economy to pursue our dreams and goals.
I believe that everyone should have the opportunity to strive for the rewards and security of the American Dream.
Tonight, it is my hope that President Obama will address the needs of America’s long-term unemployed. Tomorrow, it is my hope that Republican leaders in the House will do the same.
Rep. Barbara Lee is a Democratic congresswoman from California and co-chair of the Out of Poverty caucus.