Unemployment rates skyrocketed and became as high as 10% during the peak of the recession (Loughran, para. 4). At this time, it became clear that veterans returning from Iraq and Afghanistan would not fare well when faced with the civilian job market. The unemployment rate for younger veterans (ages 18-24) was approximately 2.7% higher than non-veterans of similar age between 2000 and 2008 (Loughran, p. 5). This difference increased between 2009 and 2019 to a shocking 8.1% (Loughran, figure 2.1). The gap of unemployment between veterans and similarly situated civilians is still a prevalent social issue and a significant reason why the new GI Bill was …show more content…
The 2007 act was designed to amend Veteran’s benefits according to length-of-service categories after 9/11 (NAICU, 2014). In 2008, a revised bill was produced to reduce the cost of the original proposition. Webb’s statement regarding his proposal is as follows: “Todays GI Bill…simply does not have the financial provisions to enable young men and women of this generation to go to any campus they desire…And so we have carefully structured in this bill the opportunity for institutions of higher learning to step up and share in this program.” (NAICU, para. 5). The bill passed the House and Senate in different forms in May of 2008, with majority support from democrats (Shankar, 2009). On June 26th, 2008, the Senate voted 92-6 in favor of the final version of the bill (Shankar, 2009). President George W. Bush signed the Public Law 110-252 into law on June 30th, 2008. The new GI Bill went into effect on August 1st,