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What's Ahead for More than One-Million who Just Lost Unemployed Benefits , the Unraveling of the Safety Net and Planning for Job Creation, to Address Income Stagnation and Wealth Inequality
Richard Eskow, Senior Fellow, Campaign for America s Future
The unemployment insurance program provides laid-off workers with a fraction of their old salary for a fixed period of time while the search for a new job. Roughly 1.3 million out-of-work Americans lost their unemployment insurance Dec. 28 because Congress declined to renew the emergency aid program for the jobless that expired. While Democrats have said they'll come back in early Jan. and try to renew the Emergency Unemployment Compensation program , if that effort fails, the nation's safety net for the unemployed has already but will shrink drastically. Congress is also slated to debate how much more to cut the Supplemental Assistance Nutrition Program (food stamps). But what's not on the agenda for Congress is devising a way out of the recession for the 99% , which has been prolonged by continued federal deficit reduction and income inequality. Richard Eskow discusses these challenges and looks at what is to be done about job creation, wage stagnation, and income and wealth inequality
produced by Ken Nash and Mimi Rosenberg
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