New York (CNNMoney.com) – Seeking to appease deficit hawks, Senate Democrats scaled back unemployment benefits and Medicare physician reimbursement measures on Wednesday.
The revised jobs bill eliminates a $25 weekly supplement for the jobless that had been part of the last year's stimulus act. Those currently receiving the supplement in their unemployment benefits check will continue to do so until they exhaust their extended benefits, or until the week of Dec. 7, whichever comes first. That cut will reduce the bill's cost by $5.8 billion over the next decade.
The new version of the bill would also freeze a 21% cut to Medicare physician reimbursement rates only through November, instead of through 2011. This will reduce the bill's size by $16.4 billion over 10 years.
The legislation, which has been stuck in the Senate for more than a week, originally came in at about $140 billion and would have added about $78.7 billion to the deficit. The overall impact of the revised bill on the deficit has not yet been determined.
the government giveth and taketh away
When are we going to start getting our checks in the mail? The little 126 dollars i was making was going to buy food for my husband and I. Now we have nothing! We are selling my car now to have money. We wouldst be this way if people were hiring!!!!!!! Then we could get a JOB!!!!
What is the "doc fix" doing in this bill anyway??? The Dems absolutely know that it has nothing to do with jobs and should be dealt with separately. TAKE THE DOC FIX OUT FOR CRIPES SAKE!!!
thanks lets help everyone else not americans you people that do this ought to be jailed for 20 years do your job for the people buy the people and not your pocket book you suck
No matter how you slice it, this bill continues unemployment benefits to people who have been unemployed for two years. Alot of these people receiving unemployment are probably not looking for jobs but staying home on the sofa watching tv. This bill should be dead in the water, just adding billions to nobummers deficit.
The spending has to come under control. Someone, has to pay for it, sooner or later.
Someone also has to work on the jobs problem, sooner, not later, or this economy is going to continue to tank.