Earlier this month, a bill to extend benefits for three months for the long-term unemployed was defeated in Congress. The cost of extending benefits would have equaled roughly $12 billion.
But while Capitol Hill has thus far been unwilling to spend $12 billion for the unemployed, Republicans on the Hill have also announced their intention to extend the Bush tax cuts for the wealthiest two percent of Americans. The price tag to do so for 2011? Roughly $36 billion.