At the end of the month, people who’ve been looking for a job in this tough economy will be completely cut off from unemployment insurance. If that wasn’t enough, states will soon lose funding for Medicaid and other public services—if Congress doesn’t act now.
Already, 26 million Americans are unemployed or under-employed. Cutting off unemployment benefits will cause more job loss and service reductions in our communities —up to 800,000 jobs nation-wide if benefits are not extended through the end of 2010.
That’s because every $1 of unemployment insurance benefits that is spent results in $1.69 in economic stimulus in the community.
State unemployment programs expire at the end of the month and funding to states will end this fall. That means that 1 million job seekers around the country will lose their benefits in the month of March alone and the potential for new jobs states could provide with this additional revenue is lost as we’re still mired in a crisis.
We’re getting signals that Congress is hearing us so let’s keep it up!
Call Congress now to ensure that people can get back on their feet, and that millions more don’t end up in need because Congress didn’t provide states with necessary fiscal relief.