A stagnant economy has pushed nearly one in ten Illinoisans to remain on the unemployment rolls, including 11 percent of unemployed workers in Cook County. The numbers do not take into account the people working part-time or the so-called 99’ers. National figures put real unemployment north of 16 percent. Slow private sector job growth combined with public sector job losses have left many workers competing against hundreds of other applicants for a small pool of jobs.
President Barack Obama is currently on a tour encouraging Americans to press their Congressmen to support and pass his new jobs bill, aimed at boosting job growth and alleviating some of the financial pressure people are experiencing. The bill calls for a $175 billion one-year extension of the employee payroll tax holiday, which would save the average working family $1,500 in taxes.
The President's plan also calls for $85 billion in aid for state and local governments. Reuters provides this breakdown of the funds:
Some of the money would find its way to Illinois to help bring down an unemployment rate that is higher than the national average. In fact, a top economist at Moody’s told Politico the jobs bills could potentially cut the national unemployment rate a full percentage point and add nearly 2 million jobs. Further relief for the unemployed could be found in the proposed $57 billion in unemployment benefit extensions. Much of the unemployed population has been without a job for more than six months, making it more difficult to find their way back into the workforce.
Congressman Joe Walsh (R-8) skipped the speech and held a small-business forum in his district instead. Despite the no-show by his colleague, Congressman Daniel Lipinski (D-3) is optimistic:
"I saw a change last week in Washington," said Lipinski. "A great change from July to September. There seems to be a real thaw in the gridlock. The Republicans in the House seem to want to work together with the president, with Democrats, to get some things done. I'm very happy to see that."
Obama’s job proposal also includes a $60 billion investment in infrastructure, when including the money directed at modernizing schools around the country, the total reaches $90 billion. This figure is still well short of the $2 trillion infrastructure gap the Urban Land Institute found earlier in the year.
Nonetheless, U.S. Rep. Danny K. Davis (D-7) believes it is a start and there should not be room for partisan debate: "When you consider that it focuses around rebuilding our infrastructure - roads and bridges and highways, things you can't really do without - it's pretty often difficult to argue about that."
Last month, U.S. Rep. Jan Schakowsky (D-9) proposed The Emergency Jobs to Restore the American Dream bill, which calls for:
Earlier today, she joined other Congressional progressives lamenting Obama’s plan for not going far enough. Her bill focuses squarely on job creation and does not provide a single dime towards tax cuts or incentives.
"Businesses don't need more confidence. They need more customers,” said Schakowsky.
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