Today's Article
The proposal is a
tacit admission that
America's current
recession continues
to be much more
savage than almost
everyone had feared.
tacit admission that
America's current
recession continues
to be much more
savage than almost
everyone had feared.
The American Spark
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Obama Plans To Expand Jobless Benefits
By Cliff Montgomery - Jan. 4th, 2009
President-elect Barack Obama is speaking with Congressional Democrats about making a significant
expansion of unemployment benefits and federally-assisted health care insurance part of an ambitious
two-year economic revival program, states The New York Times this Sunday.
Ideas include extending unemployment insurance benefits to part-time workers, allowing laid-off workers who
did not possess employer-sponsored insurance to file Medicaid claims and aiding business owners who for a
time must continue to provide health insurance for retired and laid-off employees, according to the Times.
These plans will be part of an economic package primarily designed to increase much-needed investment in
public works and infrastructure--an action which also will stimulate job growth.
Democratic aides told the Times that the House of Representatives probably will not consider voting on the
stimulus package until next week, and that no final action should be expected before February.
Obama advisers told the paper that the $775 billion economic stimulus may face resistance from Capital Hill's
more conservative lawmakers.
"This has really forced people to think outside the box...because this is more money than anybody expected to
be spending," a House Appropriations Committee aide confided to Times reporters.
Of course, many Americans would retort that our current recession continues to be much more savage than
almost everyone had feared.
The President-elect also appears set to propose a $1,000 tax credit for eligible couples and a $500 credit for
individuals, according to the Times. Also, Americans making too little to owe any federal income tax will be
compensated for paying Medicare and Social Security payroll taxes.
Like what you're reading so far? Then why not order a full year (52 issues) of the The American Spark
e-newsletter for only $15? A major article covering an story not being told in the Corporate Press will be
delivered to your email every Monday morning for a full year, for less than 30 cents an issue. Order Now!
By Cliff Montgomery - Jan. 4th, 2009
President-elect Barack Obama is speaking with Congressional Democrats about making a significant
expansion of unemployment benefits and federally-assisted health care insurance part of an ambitious
two-year economic revival program, states The New York Times this Sunday.
Ideas include extending unemployment insurance benefits to part-time workers, allowing laid-off workers who
did not possess employer-sponsored insurance to file Medicaid claims and aiding business owners who for a
time must continue to provide health insurance for retired and laid-off employees, according to the Times.
These plans will be part of an economic package primarily designed to increase much-needed investment in
public works and infrastructure--an action which also will stimulate job growth.
Democratic aides told the Times that the House of Representatives probably will not consider voting on the
stimulus package until next week, and that no final action should be expected before February.
Obama advisers told the paper that the $775 billion economic stimulus may face resistance from Capital Hill's
more conservative lawmakers.
"This has really forced people to think outside the box...because this is more money than anybody expected to
be spending," a House Appropriations Committee aide confided to Times reporters.
Of course, many Americans would retort that our current recession continues to be much more savage than
almost everyone had feared.
The President-elect also appears set to propose a $1,000 tax credit for eligible couples and a $500 credit for
individuals, according to the Times. Also, Americans making too little to owe any federal income tax will be
compensated for paying Medicare and Social Security payroll taxes.
Like what you're reading so far? Then why not order a full year (52 issues) of the The American Spark
e-newsletter for only $15? A major article covering an story not being told in the Corporate Press will be
delivered to your email every Monday morning for a full year, for less than 30 cents an issue. Order Now!
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