A picture of Representative Carolyn B. Maloney
Carolyn M.
Democrat NY 12

About Rep. Carolyn
  • Extend Unemployment Insurance

    by Representative Carolyn B. Maloney

    Posted on 2014-01-15

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    MALONEY of New York asked and was given permission to address the House for 1 minute.) Mrs. CAROLYN B. MALONEY of New York. Madam Speaker, extending Federal unemployment insurance will create between 200,000 and 250,000 jobs this year alone and boost GDP by 0.2 percentage points, according to a new report just issued by the Joint Economic Committee Democrats.

    For every dollar we invest in unemployment insurance, we get back almost $2 in economic activity. That is a great return everyone from Main Street to Wall Street should be able to agree on.

    The JEC Democrats' report also found that unemployment insurance is one of the most effective tools that we have to keep families out of poverty. Last year alone, the program kept nearly 2.5 million people, including 600,000 children, out of poverty.

    Allowing Federal unemployment insurance to expire is not only wrong on a moral level because it pulls the rug out from under some of our neediest people, it is also an absolutely terrible investment decision for our country's economy.

    I urge my fellow Democrats and Republicans to extend unemployment insurance.


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