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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
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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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