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32 States Have Borrowed from the Federal Government to Make Unemployment Payments
EconomicPolicyJournal.com ^ | 5/21/10

Posted on 05/21/2010 7:21:54 PM PDT by NormsRevenge

EconomicPolicyJournal.com has learned that 32 states have run out funds to make unemployment benefit payments and that the federal governmant has been supplying these states with funds so that they can make their payments to the unemployed. In some cases, states have borrowed billions. As of May 20, the total balance outstanding by 32 states (and the Virgin Islands) is $37.8 billion.

The state of California has borrowed $6.9 billion. Michigan has borrowed $3.9 billion, Illinois $2.2 billion.

Below is the full list of the 32 states (and the Virgin Islands) that have borrowed from the Fed to make unemployment payments, and the amounts that remain borrowed as of May 20 . (Numbers in red are billions)

(Excerpt) Read more at economicpolicyjournal.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; US: California
KEYWORDS: borrowed; federalgovernment; payments; unemployment
ViVa La Change!
1 posted on 05/21/2010 7:21:54 PM PDT by NormsRevenge
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To: NormsRevenge

...the Dems will keep the unemployment checks flowing indefinately...they would rather do that then create jobs.


2 posted on 05/21/2010 7:26:01 PM PDT by STONEWALLS
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To: NormsRevenge
Not to worry...the economy is much better! I know that because Barak tells us it's true.
3 posted on 05/21/2010 7:26:14 PM PDT by highlander_UW (First we take down the Democrats, then we clean the Augean stable that is the GOP.)
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To: NormsRevenge

Well the states know that the Feds can just print more! problem solved!


4 posted on 05/21/2010 7:26:33 PM PDT by mrsixpack36
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To: NormsRevenge

I’m disappointed to see that Texas has borrowed a billion.


5 posted on 05/21/2010 7:26:43 PM PDT by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: NormsRevenge

Hey, the feds got plenty of money. Hell, they either grow it on trees or print it themselves.


6 posted on 05/21/2010 7:26:53 PM PDT by umgud (Obama is a failed experiment.)
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To: NormsRevenge

Well, that’s 32 states that are vassals of the fed.

The founders must be spinning in their graves. Again. and Again.


7 posted on 05/21/2010 7:30:18 PM PDT by markomalley (Extra Ecclesiam nulla salus)
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To: NormsRevenge

Anyone up to doing an analysis on Red State vs. Blue State? Perhaps normalizing over popultation or congressional seats?


8 posted on 05/21/2010 7:32:49 PM PDT by mlocher (USA is a sovereign nation)
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To: markomalley
Well, that’s 32 states that are vassals of the fed.

Just wait until the unfunded mandates caused by the HC Reform bill are added to the tab! Vassalage will look good.

9 posted on 05/21/2010 7:33:57 PM PDT by mlocher (USA is a sovereign nation)
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To: highlander_UW

Barak is the greatest master of all time.


10 posted on 05/21/2010 7:35:31 PM PDT by AceMineral (Do you go to women? Don't forget your whip.)
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To: NormsRevenge

Debt is the basis of a sound economy

Okay, I’m laughing as I write that!! I can’t do it.


11 posted on 05/21/2010 7:37:22 PM PDT by GeronL (Political Correctness Kills)
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To: GeronL

TEXAS??? We are required to balance the budget every year. How in the world can this happen.


12 posted on 05/21/2010 7:49:00 PM PDT by Orange1998
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To: NormsRevenge
Don't see Arizona on the list!

NICE!!!!!!!

13 posted on 05/21/2010 7:53:53 PM PDT by Flycatcher (God speaks to us, through the supernal lightness of birds, in a special type of poetry.)
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To: NormsRevenge
"...has learned that 32 states have run out funds to make unemployment benefit payments and that the federal government has been supplying these states with funds so that they can make their payments to the unemployed..."

Only 25 more states to go.............

:}

14 posted on 05/21/2010 7:59:38 PM PDT by AwesomePossum
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To: Orange1998

More people unemployed, less paying in more taking out and the new Washington DC mandate extending benefits to the end of the year.


15 posted on 05/21/2010 8:05:48 PM PDT by GeronL (Political Correctness Kills)
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To: NormsRevenge

A few years ago Kansas ranked #1 in unemployment benefit overpayments.
Hmmm, didn’t see this coming.


16 posted on 05/21/2010 8:08:23 PM PDT by IrishCatholic (No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
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To: NormsRevenge

Alabama $ 283 million
Arkansas 330 million
California 6.9 billion
Colorado 253 million
Connecticut 498 million
Delaware 12 million
Florida 1.6 billion
Georgia 416 million
Idaho 202 million
Illinois 2.2 billion
Indiana 1.7 billion
Kansas 88 million
Kentucky 795 million
Maryland 133 million
Mass. 387 million
Michigan 3.9 billion
Minnesota 477 million
Missouri 722 million
Nevada 397 million
New Jersey 1.7 billion
New York 3.2 billion
N.C. 2.1 billion
Ohio 2.3 billion
Penn. 3.0 billion
R.I. 225 million
S.C. 886 million
S.D. 24 million
Tennessee 21 million
Texas 1.0 billion
Vermont 33 million
Virginia 346 million
Virgin Islands 13 million
Wisconsin 1.4 billion

Total $37.8 billion


17 posted on 05/21/2010 8:09:51 PM PDT by ktw (kakatte koi)
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To: mlocher

Red county v. blue county would be more accurate. At least as far as Commiefornia is concerned.


18 posted on 05/21/2010 8:10:25 PM PDT by MonicaG (God bless our military! Praying and thanking God for you every day. Thank you!)
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To: Nervous Tick

Ditto. Another $1 billion spent and Texas will have to find a way to make up the nearly $13 billion budget shortfall during the next session of the Texas Legislature. Texas only has about $9 billion in it’s so-called ‘rainy day’ fund. Before these ‘geniuses’ decide to raise taxes and fees on those of us that work, try cutting all the unnecessary spending(parks, recreation, etc.). If that doesn’t work, they can then tell all state agencies to cut their staffing by 25%. Private industry does it all the time.

In short, make do with less. When you run out of money, you stop spending. Why can’t the government?


19 posted on 05/21/2010 8:13:26 PM PDT by bigredkitty1 (March 5,2010. Rest in peace, sweet boy. I will miss you, Big Red.)
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To: GeronL

States are borrowing from thwe fed, but where is the fed borrowing it from? China? And these are states that are already have huge budget shortfalls.

This is getting absurd. Some are forcasting the economy to collapse this summer. Be ready. Prepare. And hope it hangs on.


20 posted on 05/21/2010 8:29:49 PM PDT by Rennes Templar (Illegal immigration is destroying America, look what it's done to the White House)
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To: NormsRevenge

bttt


21 posted on 05/21/2010 8:33:18 PM PDT by kalee (The offences we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: Rennes Templar

Of course its absurd.

Hope it hangs on? So they can go even farther into debt?


22 posted on 05/21/2010 8:44:41 PM PDT by GeronL (Political Correctness Kills)
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To: Rennes Templar

Just imagine what the economy would look like (statistically speaking) without this borrowing.

This is a giant stimulus package which is masking just how bad this economy is.


23 posted on 05/21/2010 8:56:06 PM PDT by Rational Thought
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To: STONEWALLS

Until I get a decent paying job unemployment is all I have. So he** yes I need those benefits...I’ve worked since I was 18 and this the FIRST time I’ve ever had to collect unemployment. So spare those of us who are trying to land jobs any sarcastic comments...you try being over 55 and getting a job in today’s market...it ain’t gonna happen....and that’s a FACT Jack.


24 posted on 05/21/2010 9:03:43 PM PDT by ITMGR
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To: ktw

No Montana there.


25 posted on 05/21/2010 11:00:47 PM PDT by tinamina
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To: NormsRevenge

I believe all these unemployment payments are just covering up a real depression to keep the public out of the bread lines, soup kitchens and out of the public eye. People would realize the much greater extent of the malaise perpetrated by the BHO regime and their Marxist, NWO cohorts and perhaps rise up and correct the situation.


26 posted on 05/21/2010 11:25:34 PM PDT by Studebaker Hawk (It's said these geeks are a dime-a-dozen. I'm looking for the man with the dimes. Freddy Blassie)
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To: ITMGR
I don't think any but the most rabid begrudge you your unemployment checks. I don't.

From what I have seen though, don't make hasty generalizations about employers not hiring older workers. Many that I know - and I know hundreds - are desperate to jettison the 20 to 30 year old cohort. They just aren't worth the candle. I saw it again yesterday. A 61 year old replacing two twenty somethings.

Many of these jobs pay modestly but the upside is open. What business needs right now are the competent middle managers. Experience counts and counts heavily. You may not think that your skillset encompasses this but most of them require a reasonably intelligent human being who goes to work in the morning and leaves when the job is done. Promotion is rapid but there are so many four-flushers out there that employers usually require a stint in the ranks.

Try to approach businesses where you can deal directly with the manager or owner. They ARE looking for you.

Good luck and may God bless.

27 posted on 05/21/2010 11:45:42 PM PDT by MARTIAL MONK (I'm waiting for the POP!)
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To: ktw
Texas 1.0 billion?

WTF? perry-says-texas-has-surplus

Maybe I'm reading the info at the link wrong. After all, there is an upcoming election and Perry will spew whatever he feels he needs to get elected..

28 posted on 05/22/2010 3:12:05 AM PDT by Sarajevo (You're jealous because the voices only talk to me.)
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To: NormsRevenge

Louisiana not there! Yay!


29 posted on 05/22/2010 3:18:39 AM PDT by Mila
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To: NormsRevenge

Mississippi not there either! Yay again!


30 posted on 05/22/2010 3:21:09 AM PDT by Mila
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To: Studebaker Hawk

Someone pointed out that we do have one heck of a bread line. Around 40 million people are receiving food stamps. The line’s just invisible because we get cards to use at the store rather than having to go stand in a kitchen line somewhere.


31 posted on 05/22/2010 3:30:32 AM PDT by Nickname (2012 - Yes You're Canned!)
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To: NormsRevenge

Borrowing borrowed bucks.


32 posted on 05/22/2010 3:31:26 AM PDT by Nickname (2012 - Yes You're Canned!)
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To: NormsRevenge
Yeah ... and the unemployment rate is 9.9% ... right.
If you believe that I have a bridge over the East River in Manhattan I'd like to sell you ... cheap.
33 posted on 05/22/2010 3:45:00 AM PDT by BluH2o
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To: ITMGR; NormsRevenge

...when I was 55 I got the boot from a company I’d been with for 28 years of loyal service...I was on unemployment for a brief period because I couldn’t find a “decent job”...then it dawned on me that I’d better take what I could get...so that’s what I did...at less than half of what I used to make, but so what...it was honest work, and I took it.

....and NormsRevenge is right...the older worker has a place in the work force because the boss knows he’s reliable and doesn’t goof off on the job.

....I wish you good luck.


34 posted on 05/22/2010 6:01:04 AM PDT by STONEWALLS
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To: NormsRevenge
... the Dems will keep the unemployment checks flowing indefinately...

The money is being funneled into Chase debit cards, flowing from AZ. No relationship to gumby, of course... and I'm sure there are no fees funneled to Chase...


35 posted on 05/22/2010 6:26:50 AM PDT by WVKayaker ( Ridicule is the best test of truth. - Philip Dormer Shanhope, Lord Chesterfield)
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To: WVKayaker

It is actually cheaper to use debit cards than to generate checks. Banks make money either way but the state pays less this way to transfer funds.


36 posted on 05/22/2010 6:36:05 AM PDT by BOBWADE
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To: BOBWADE
http://blog.mlive.com/grpress/business_impact/2008/09/large_card27.jpg

My point had nothing to do with saving money. Zero and his minions have no desire to do that. They are, instead, syphoning every dime they can from the flow of dollars. This isn't a redistribution thing. It is THEFT and will never be prosecuted.

Instead, this crew will leave us with a mountain of debt while they continue to drain our pockets with the taxes they are imposing. Most Banks aren't the problem... just their favored ones are the conduits.


37 posted on 05/22/2010 6:48:17 AM PDT by WVKayaker ( Ridicule is the best test of truth. - Philip Dormer Shanhope, Lord Chesterfield)
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To: MontaniSemperLiberi; 2A Patriot; 2nd amendment mama; 4everontheRight; 77Jimmy; ...
S.C. 886 million

South Carolina
Ping

Send FReepmail to join or leave this list.
Please welcome our newest South Carolina ping list member, MontaniSemperLiberi;.

38 posted on 05/22/2010 8:23:18 AM PDT by SC Swamp Fox (Aim small, miss small.)
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To: NormsRevenge

What have they done with all the money?


39 posted on 05/22/2010 8:27:32 AM PDT by vigilante2 (2395)
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To: ITMGR

Try moving. You can’t farm in the desert, so to speak.


40 posted on 05/22/2010 8:53:48 AM PDT by Orange1998
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To: markomalley

Well, that’s 32 states that are vassals of the fed.


Amendment X

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.


41 posted on 05/22/2010 9:47:11 AM PDT by unkus
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To: NormsRevenge

The Democrats are enjoying every crisis that they can blame on Bush and that will keep the American people, depressed, angry and feeling helpless.

An unemployed person is another Government *dependent*.

For politicians who prefer slaves to citizens there is an upside to a depressed economy.....psychological & class warfare.


42 posted on 05/22/2010 9:47:33 AM PDT by sodpoodle (Despair - Man's surrender. Laughter - God's redemption)
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To: AwesomePossum

Badabing!


43 posted on 05/22/2010 9:54:52 AM PDT by EternalVigilance (There is no right to do wrong. Those who claim there is destroy the foundations of true liberty.)
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To: NormsRevenge

We’re broke. That’s the “change”. Fun isn’t it?


44 posted on 05/22/2010 10:54:20 AM PDT by GOPJ (...man was meant to be doubtful about himself, but undoubting about the truth-Gilbert K. Chesterton)
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To: Orange1998
Try moving. You can’t farm in the desert, so to speak.

Move where? There's over 100K that move to North Texas every year.

As for us folks over 50, there's the federal government, and that's about it.

45 posted on 05/22/2010 11:06:21 AM PDT by Night Hides Not (If Dick Cheney = Darth Vader, then Joe Biden = Dark Helmet)
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To: Mila
Louisiana not there! Yay!

I hear St. Tammany parish has the lowest unemployment in the state, at around 4.8%. My parents live there..seriously considering moving back home. I hate it up north. Too frickin cold.

46 posted on 05/23/2010 11:57:53 PM PDT by Soothesayer9
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