Skip to comments.32 States Have Borrowed from the Federal Government to Make Unemployment Payments
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 ...
Well, thats 32 states that are vassals of the fed.
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.
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.
We’re broke. That’s the “change”. Fun isn’t it?
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.
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.