Schumer: Jobless Benefits ‘The Best Stimulus There Is’
Sen. Chuck Schumer (D-N.Y.) said that extending long-term unemployment benefits would be the “best stimulus there is” for the economy, saying it would create the most jobs for the money.
“At the end of last year, there were 5 million people receiving emergency UI [unemployment insurance]. This year, there are only 2 million. It’s working,” Schumer said at a press conference Thursday.
“We’re all talking about a stimulus. How do we get the economy moving? This is the best stimulus there is.”
Schumer and fellow Senate Democrats called for yet another extension of benefits for the long-term unemployed before the current benefit extension expires at the end of the year.