In the Senate's rush to get home for a two week vacation they left one piece of business unfinished.
For the last few weeks 15 million or more unemployed Americans along with some of the Democratic Senators have been working diligently to get the Tax Extenders bill passed by the end of the month. Senator Harry Reid, the Senate Majority leader, has even went as far as to make threatening statements about not recessing for the holiday unless this bill was passed. I am sorry to report that the Senator has recessed the present session for the two week holiday without taking the issue into hand.
What this means is that long-term unemployed people will stop being eligible for extensions once their current extension expires. The impact of this will be immediate.
But now with the Senate on recess and not back until June 7th, basically nothing more can happen until then at the earliest. And by mid-June, we're already going to have seen 300,000 people run out of unemployment benefits.
Those who have already exhausted all 99 weeks of unemployment are out of luck either way. House Speaker Pelosi has ruled out the idea of adding a Tier Five for unemployment.
The Senate bill had already passed the House.
What's more, federal subsidies for the COBRA extension was also dropped from the current bill in the House. For a political party that made such an effort to pass health care reform, this is quite a reversal that will force tens of thousands to drop their health insurance.
However, on the very same day, Congress managed to pass a $485 million bill for a fighter jet engine that the military doesn't even want.
The unemployed can go f*ck themselves, because they take a back seat to military pork spending.