The Unemployment Compensation Act
Mr. President, let me also speak to the Unemployment Compensation Act we passed. Last week, Congress passed important legislation to help nearly 4 million Americans whose eligibility for unemployment insurance benefits expired on the 28th…
Mr. President, let me also speak to the Unemployment Compensation Act we passed. Last week, Congress passed important legislation to help nearly 4 million Americans whose eligibility for unemployment insurance benefits expired on the 28th of December.
Three million of these Americans are now entitled to an additional 13 weeks of extended unemployment benefits through the first half of 2003. Another 780,000 will receive the remainder of the original 13 weeks that they were entitled to under the temporary extended unemployment compensation program. This is good news. I, as most of my colleagues, I am sure, announced in my State that this was good news for unemployed workers and we needed to thank the President and thank all who helped to get that done.
The bad news, though, is that this legislation did not help an estimated 1 million Americans who have exhausted their unemployment insurance benefits and are no longer eligible for assistance. The fundamental problem in the United States, in my State of New Mexico as well as other States, is that jobs are being lost and, unfortunately, no new net jobs are being created. The economy is not getting better. It is getting worse.
Americans are caught in a downward economic spiral economically that began 2 years ago. It shows no signs of improvement.
The problem with the legislation we passed this last week is that it simply ignored these million people who do not have jobs today and who likely will not have jobs anytime soon. These are people who have played by the rules, who, through no fault of their own, find themselves without a job. Many of them are trying to get the skills necessary to be able to take another job, but we have cut off any benefit to them.
I believe we need to help these people in a tangible way. Providing extended unemployment benefits in a time of crisis is the least we can do. Unemployment insurance offers, at most, a subsistence level of existence. No one gets rich on unemployment insurance. It seems to me we should be able to offer some financial security to our friends and neighbors when they need it most.
In my home State, I have seen this issue most directly in those who have become unemployed in my home county of Grant County where the copper mine and smelter have essentially shut down. The workers in that mine and smelter have found themselves unemployed. The unfortunate reality is that many of those people lost their jobs before March of this last year. Accordingly, they have run through the 39 weeks of unemployment compensation they could receive, and we have failed to add to that and provide any additional assistance to them.
Back in the early 1990s, we passed a series of bills over a 2-year period specifically designed to help people who had no chance of obtaining jobs until that economy improved. Most Americans during that period--this was 10 years ago, when former President Bush was in the White House--were entitled to at least 52 weeks of unemployment insurance coverage. Some Americans in high employment States were entitled to even more.
I don't understand why we are not willing to step up and do that same thing again in this current economic circumstance. In fact, the economic circumstance we find ourselves in today is at least as bad as what we faced in the early 1990s.
We could be using this as an opportunity to retool and make our country stronger economically. Instead, we are pretending the problem does not exist and pretending that these workers will somehow or other fend for themselves. The policy makes no sense to me. I don't think it is good strategy. It is not good economics.
I add my voice to that of other colleagues who spoke last week who argued that we need to do more for those who are out of work. I hope if the economy continues to suffer as it currently is, we will revisit this issue and provide these extended unemployment benefits out to 52 weeks for unemployed Americans.
Offering extended benefits to Americans who have exhausted their unemployment benefits is a step in making this country stronger. I urge that course on my colleagues.
I yield the floor and suggest the absence of a quorum.