President Joe Biden’s administration has come up with a new way to help you survive the tough times.“Effective September 6, 2021, we will not be seeking reinstatement of weekly unemployment benefits and instead ask states that want to continue these payments for their citizens’ welfare.” The decision came following an economic crisis that left many Americans without jobs or money as COVID-19 swept through the nation like wildfire in 2020 causing widespread damage. If the States want to continue helping the people in their state who were impacted by the virus they should use some of their share of covid 19 funds.
Janet Yellen and Labor Secretary Marty Walsh co-wrote a letter to lawmakers, letting them know that the $300 boost in benefits will expire on September 6th. As President Biden has said previously, this temporary benefit is only intended for one month; it’s appropriate for these benefits to end sooner than later. Thousands of Americans who lost jobs because of the pandemic have been helped by the federal CARES Act. Under former President Trump, this act was originally designed to help those in need with enhanced benefits worth $600 per month but had since then cut that number down to half as well as extending it twice before most recently being extended under America’s Biden-sponsored American Rescue Plan which Congress passed back in March.
The United States’ unemployment rate has reached the lowest it’s been in over five years, at 5.4%. Most states with Republican governors have refused to participate in benefits that would typically be provided for those without jobs; these Republicans believe that additional money will discourage them from returning to work and struggle on their own instead of relying on government assistance. In addition, many pandemic-related benefits – namely extended length of coverage and eligibility standards lowered so more people can qualify – are set to expire September 6th as well! Some moderate Senators are expressing concerns about Joe Biden’s announcement against seeking Congressional approval for extending Unemployment Benefits beyond September; especially when he recently assured them of his continued support during their weekly caucus meeting last week at the Capitol building in Washington DC.
This is where all were invited by him personally. While it is true there may be no other option but Still, even as the U.S. economy recovers, Yellen and Walsh said it “may make sense” for unemployed workers to continue receiving additional benefits in states where unemployment remains high because of COVID-19’s unpredictable nature. They also noted that this variant may pose short-term challenges to local The Labor Department will provide enhanced benefits funded by rescue funds to states that want assistance in using their existing unemployment insurance infrastructure. The Treasury Department has announced an additional $47 million for CAREER grants, which are designed to help Americans find a path back into employment. economies and labor markets before eventually leveling out into a more predictable pattern like its predecessor versions did last year.”
It’s a shame the Biden administration won’t be able to extend unemployment benefits past September 6. This is an issue that needs further discussion, not just from politicians but also from economists and policymakers across many industries including finance, technology, education, international trade, and more. Those who have lost their jobs or are struggling to make ends meet need these extended benefits for now. What do you think about this decision? Do you agree with it? Let us know in the comments below! I’m sure the politicians can separate the ones who really need these benefits from the ones who are just taking advantage of the benefits by just sitting around and doing nothing to try and benefit themselves. In my day, and I’m sure it’s the same now, they are called, “Freeloaders”.