Introduction to the Jobs and the Economy section:

“Our nation has experienced profound economic change over the last three decades. Globalization, new technologies, and deliberate public policies shifted our economy from the production of goods to the production of knowledge and services. As millions of unionized factory jobs moved overseas, our nation lost a primary source of middle-class jobs for people without college degrees. Less-educated workers now have few options outside of non-unionized, low-wage service occupations.”

The paper states: “Unless Congress reauthorizes the current federal extension programs before the December 31st deadline, millions of workers and their families will be left without their primary means of support to buy food, pay the rent or mortgage, and cover their other most basic necessities.”

NELP’s paper also argues that extending benefits will help families as well as give the economy a leg up:  “Consistent with the prior research, [Wayne Vroman of the Urban Institute] found that the nation’s economy grew by $2 for every dollar spent on unemployment insurance during the latest recession, as unemployed workers spent their benefits in their communities at grocery stores, gas stations, and other retailers and service providers.”

Majority Leader Harry Reid has vowed to keep Congress in session in D.C. until federal unemployment benefits are renewed for the coming year, even if they have to work through the holidays to do so.

You would think that the latest, terrible monthly jobs report would convince those in power that the Great Recession continues unabated, doing terrible damage to working families.  Those unemployed for long periods face especially long odds of finding work in today’s economy.  And, even for those with good jobs, wages are continuing to be cut as even profitable employers take advantage of the ongoing crisis for workers.

Misguided worries about the budget deficit are allowing Republicans and the Deficit Commission to pursue Social-Security-cutting, Medicare-slashing, job-destroying agenda instead of a program that can end the Great Recession and put people back to work.  A new course of action is needed, and responsible policy options are out there.  For instance, check out the program set out by Our Fiscal Security, a collaborative effort of Demos, the Economic Policy Institute (EPI), and The Century Foundation (TCF).

Of that amount, North Carolina received about $300 million to save teachers’ jobs.  North Carolina leaders are now figuring out when and how to use the money.  Obviously, one possibility would be to use some of the funds to re-hire teachers and teaching assistants who were recently laid off due to budget cuts.  Also, some amount may be saved till next year, when the state’s deficit will reach its highest level.

On top of that, failure to pass the bills means states will not receive the much-needed $23 billion to pay for sharply rising Medicaid costs.  (The great recession has swelled the ranks of those eligible for health insurance through Medicaid.)  Without this money, states will be forced to impose even greater cut backs, which will mean lost jobs for teachers and other state employees.

Republicans say they oppose the bill on the grounds that it raises the deficit, but what they really oppose are the small tax increases (such as one on hedge fund managers) that would be used to pay for the bill.  Disappointingly, the NY Times notes that the “Obama administration has not fought aggressively for the legislation.”  It appears the President is not focusing on jobs, which should be his highest priority.