Wednesday, December 1, 2010

Blank Check For Banks, Zilch For The Unemployed

In Washington, the agenda has long since moved on from bailing out megabanks to figuring out how to stop paying for things that regular people need -- luxuries like health care, retirement benefits and unemployment insurance.

In the suburbs of Denver, Anthony Roebuck and his family find themselves confronting an action list that seems cruelly divorced from the proceedings in the nation's capital: They have to figure out how to keep the heat on through the Colorado winter now that his unemployment check has run out.

The latest extension of emergency unemployment benefits expired on Tuesday, as a dysfunctional Congress let the deadline go without striking a deal to keep the money flowing. That put Roebuck -- who drew his last check on Monday -- among the two million or so unemployed Americans facing the imminent loss of their benefits between now and the end of the year.

How could there have been so many billions for Wall Street, so much room to lower taxes for people with golf memberships and country houses, yet a $500-a-week check to help him pay the rent while he looks for another job suddenly threatens to bankrupt the nation?