The US is undoubtedly facing some of the highest unemployment rates in years. The Democratic president requested another extension for unemployment benefits from Congress. After 90 days the cost would further burden the national economy by a third of a trillion dollars after compounded interest. While it is understandable that many are going through perdition due to the economic crisis, the solution may not be coming unless some effort is made by the Obama administration to boost the private sector.
New jobs in the nation are a scarce commodity. Those that the Commander in Chief hails as job growth are strictly related to the public sector. President Obama reinforces his decision to grow the national debt by laying blame on the Republicans saying they should not hold the American public “hostage”. Republican House Minority Leader John Boehner of Ohio rebutted Obama’s attack stating that Obama’s fiscal debacle will only get worse if unemployment extensions are not handled properly. Republicans back their decisions that additional jobs is where the aid needs to come from.
Many Americans do not know where to turn. Gary Langer of ABC news records the absence of relief has created high levels of stress, depression, anxiety, helplessness, and anger. Even with unemployment Americans are suffering. A plan of extension annotates the dependency Democrats so willingly foster. Though many agree that providing additional aid to the unemployed is necessary, doing so without the proper method of provision increases the compounding debt. The rest of the year is not forecast with much relief according to the Financial Forecast Center.
The solution relies on jobs. Increasing public sector jobs increases revenue all the way around. The problem is how to jump start that activity to get the snowball rolling. These jobs need to come from the private sector because more government employees means more fiscal revenue the government is drowning in presently. Such prosperity could come from corporate restrictions on outsourcing. Make companies keep jobs in America and offer them benefits to do so. Allow the country to become more dependent on domestic fuels and stop sending those huge revenues over sees. The green avenues are helpful and offer some reprive and should not be ignored either. Make diligent efforts to broaden technologies which require more teams of researchers, American researchers. Make federal grants more available to new start-up businesses to open the door to success.
Allowing the unemployed to stay unemployed by providing extended benefits encourages some who need jobs to remain jobless. Others who do search endlessly need provision in the marketplace to gain leverage. This is not to say that an agenda to provide aid to the unemployed should not be considered. Government cannot just simply keep handing out paychecks. In addition, continuing unemployment degenerates the social capacity of society as well as the integrity of the family unit. A growing need has arisen to move passed just providing for the jobless and start reintegrating them back into the workforce. Everyone is fully aware of the economic burden the country is under, question is how much more burden is acceptable from extended unemployment.