The National Employment Law Project (NELP) published an excellent paper in October, arguing for a one-year extension of the Federal Unemployment Insurance benefits for unemployed workers. The paper is entitled "Hanging On By a Thread: Renew Federal Unemployment Insurance to Aid Families, Boost Stalled Economy"
The paper states: "Unless Congress reauthorizes the current federal extension programs before the December 31st deadline, millions of workers and their families will be left without their primary means of support to buy food, pay the rent or mortgage, and cover their other most basic necessities."
NELP's paper also argues that extending benefits will help families as well as give the economy a leg up: "Consistent with the prior research, [Wayne Vroman of the Urban Institute] found that the nation’s economy grew by $2 for every dollar spent on unemployment insurance during the latest recession, as unemployed workers spent their benefits in their communities at grocery stores, gas stations, and other retailers and service providers."
Majority Leader Harry Reid has vowed to keep Congress in session in D.C. until federal unemployment benefits are renewed for the coming year, even if they have to work through the holidays to do so.