Moratorium NOW! – Coalition To Stop Foreclosures and Evictions
President Obama must take action through executive order to defend our rights to our jobs and our homes. Just as the Presidents bypassed Congress to wage wars in Iraq, Afghanistan and Libya, President Obama must bypass Congress to declare a war on unemployment and foreclosures and evictions that are destroying our communities.
Full Employment is the Law
The Full Employment and Balanced Growth Act of 1978 provided that within five years of passage of the Act, the President and Congress were to implement policies guaranteeing that the unemployment rate was never to exceed 4% a year. In July 2011, according to the Bureau of Labor Statistics, the unemployment rate was 9.1%, and the real unemployment rate, including discouraged workers who still want jobs and part-time workers who desire full time work, was 16.1%. This is a gross violation of the law.
The Full Employment and Balanced Growth Act of 1978, Section 3111, mandates that when high unemployment persists (ie during a jobless recovery) the President is required to initiate supplementary programs to reduce unemployment. Included among these programs are (1) accelerated public works programs (2) public service employment; (3) State and local grant programs; (4) extending unemployment insurance; skill training in both the private and public sector; and (6) youth employment programs.
The budget bill developed by President Obama and Congress, mandating trillions in cutbacks at the precise moment when massive federal public works programs are critical to fight unemployment, violates the Full … [read more] Continue reading




