Tag Archives: $34 billion

Obama signs $34 Billion into law Unemployment Extension bill

Obama signed a $34 billion extension of long-term unemployment benefits for up to 99 weeks into law Thursday.

The welfare state measure was fiercely opposed by Republicans but cleared the Senate the day before, with no vote to spare.

Rep. Jeb Hensarling, the Republican from Texas said ” I haven’t heard anybody say we shouldn’t be extending unemployment benefits. The difference is one side wants to borrow 34 cents on the Dollar [mainly from the Chinese] and send the bill to our children and our grandchildren.”

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The legislation extends until November 30, federal funding of unemployment benefits for a maximum of 99 weeks, and restores unemployment insurance to some 2,600,000 American workers.

” Americans who are fighting to find a good job and support their families will finally get the support they need to get back on their feet during these tough economic times.” – Obama, welfare czar

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