Congressman Phil Hare (D-IL) today voted to extend unemployment benefits for 13 additional weeks. This extension will help over 20,000 unemployed Illinoisans whose benefits are set to expire next week.
"Working families have been the victims of the current recession, not the cause of it," Hare said. "With the unemployment rate in Illinois at over 10 percent, it makes perfect sense to continue to provide unemployment benefits so ordinary people can pay their bills and hold onto their homes."
Extending unemployment benefits is also one of the most cost-effective and fast-acting ways to stimulate the economy because the money is spent quickly. According to economist Mark Zandi, every $1 spent on unemployment benefits generates $1.63 in new economic demand.