Senate Proceeding on Oct 8th, 2009 :: 7:24:05 to 7:28:10
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7:24:01 to 7:24:23( Edit History Discussion )

Jack Reed: support this important extension and t quickly pass this critical legislation. madam president, i floor. a senator: the presiding officer: the senator from rhode mr. reed:thank you.

7:24:05 to 7:28:10( Edit History Discussion )
Speech By: Jack Reed

7:24:24 to 7:24:46( Edit History Discussion )

Jack Reed: i thank senator shaheen for her valuable contribution for moving this forward. i am disappointed, to say the least, that we cannot move legislatn quickly. there are millions of americans who are look at the prospect of losing their unemployment compensation, others who have already lost it. and, frankly, millions who may

7:24:47 to 7:25:07( Edit History Discussion )

Jack Reed: be qualify shortly for unemployment compensation. as my colleagues have pointed out, there are six job seekers for every job. this unemployment crisis will continue. and the least we can do is to

7:25:08 to 7:25:28( Edit History Discussion )

Jack Reed: while they look for jobs to try to maintain their families. one point i'd like to make, which should be very clear, this legislation is fully paid for. this is not requires a c.b.o. score in order to determine how it's used and what the costs will be and how it will be paid for.

7:25:29 to 7:25:49( Edit History Discussion )

Jack Reed: it is paid for. it's paid for by a continued extension of unemployment compensation tax. so this is responsible legislation as well as critically important legislation. again, as my colleagues indicated, this legislation will provide an additional 14 weeks

7:25:50 to 7:26:11( Edit History Discussion )

Jack Reed: of unemployment insurance benefits throughout the country. but as we have done in numerous past o recognize that even though there is pain everywhere, the pain is not distributed equally. there are states like my state where the unemployment rate is 12%.

7:26:12 to 7:26:34( Edit History Discussion )

Jack Reed: it is critical need in rhode island. and so for those states, there will be an additional six for a total of 20 weeks. for all states above 8.5% unemployment rate. and only necessary, but it has to be done quickly speak, there are 5.4 million americans who have been

7:26:35 to 7:26:55( Edit History Discussion )

Jack Reed: unemployed for six months or more. there are signs that the economy may be recovering. credit markets, equity markets. but still a deep decline. we're trying all we can reverse that, but in the interim we have to be able to give

7:26:56 to 7:27:17( Edit History Discussion )

Jack Reed: people a chance simply to get by. and that's what this does. we this, and this unnecessary delay is, i think, not only inappropriate but this is something that affects every state in the country, and it affects people who have

7:27:18 to 7:27:38( Edit History Discussion )

Jack Reed: worked hard all their working lives and now face, many for the first time, unemployment. the psychological shock is great. add to that the financial reality that they can't pay their bills, the mortgage which adds to another problem, i think it

7:27:39 to 7:28:01( Edit History Discussion )

Jack Reed: cries out for immediate not waiting for a there's something else ancillary to this that could be attached. this is a time and ment to meet the public, do so responsible. and we have because it's fully offset.

7:28:02 to 7:28:10( Edit History Discussion )

Jack Reed: and to and i would urge the speedy passage of this. i would hope that the leader would prepared to make a u.c. the next