Congress Can Still Improve the Economy Quickly

The great recession has really taken its toll on the American people. A handful of individuals have lost their job and are living a very difficult financial life. Business owners are also struggling to keep their company at bay and continue with their operations. The recession has brought so much trouble to the world especially to America that almost everyone is angry and unsatisfied with the way the government is playing.

The US economy has been unstable and has been the primary reason why so much people don’t have a job nor has a stable source of income. It is a given fact that the rate of unemployment has risen to a very alarming rate. Voters are very much upset and unpleased with the way the US economy has been doing. They all blame it to the recklessness of big Wall Street banks that left the economy crumbling. And now people are seeking for congress to pass a bill that would help mitigate this problem.

It is assumed that in the next couple of months, the state and local government will be implementing a lay off that would remove about 600,000 up to 800,000 employees. This event is triggered because of the reduced revenues brought by the recession and bigger demand for more critical services. This is certainly one of the worst fiscal crisis that the state and local government is facing. With the weak economy already in play, a massive lay off of government employees would spell doomsday.

Americans who are already unemployed are already suffering so much. People are seeking for jobs yet the economy can’t give them one. With the election going near, there are some points that congress can do to at least improve the situation and stop the continuous rise of budget deficit. Congress should first solve the problems that are occurring in the state and local government. A bill that will provide fiscal relief to these governments will help mitigate the problem and ensure that basic essential services are delivered.

The Congress should also extend unemployment benefits. Surveys show that more people are deprived of unemployment benefits. This is very much critical in ensuring that people who do not have a job may still receive enough benefits that would assist him/her in a very difficult situation. It is very important to point out that economic growth is something we really need. It provides an indicator that the deficit is shrinking and the economy is well alive again. But the most important thing is that people should be put to work again. They should continue to produce goods and services that would improve life and keep our society going.