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Title: What happens when the unemployment runs out? Post by: WhiskeyGirl on May 22, 2010, 10:32:42 AM Quote 32 States Have Borrowed from the Federal Government to Make Unemployment Payments; California Has Borrowed $7 Billion ... Below is the full list of the 32 states (and the Virgin Islands) that have borrowed from the federal government to make unemployment payments, and the amounts that remain borrowed as of May 20 . (Numbers in red are billions) 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 What happens when the money runs out? Where are the jobs? Mexico? more here - http://www.economicpolicyjournal.com/2010/05/32-states-have-borrowed-from-treasury.html (http://www.economicpolicyjournal.com/2010/05/32-states-have-borrowed-from-treasury.html) Quote This IS a nightmare (and a warning) Look (below) at what the states are doing: borrowing (in the billions) from our Federal Government to make their unemployment payments. And of course, where does our Federal Government get the money to lend? The Fed Govt borrows from the world (mostly, China!) You know this is bad. You can't keep borrowing because at some point your creditor will cut you off. When you get cut off, things get REALLY bad. We must get our economy rolling...it is jobs, jobs, jobs and jobs! Are we doing enough to get jobs? The 2009 750 billion plus stimulus bill was supposed to be the answer to jobs. So far, the stimulus bill has not generated jobs (we are at a national unemployment level of 9.7% and that number grossly underestimates this nation's unemployment in that it does not include those who are so dispirited to have quit looking for employment.) Of course jobs can't be created over night but we are now 15 months into the stimulus bill. Have we waited long enough? Is it failing us? If so, we need to regroup and rethink. Those who supported the stimulus bill, if it has failed, must have the courage to say it is not working so that we can go to Plan B. Those who opposed the stimulus bill, if it is not working, must have the decency not to rub it in and say "I told you so." We need jobs. We need this economy going. more here - http://gretawire.blogs.foxnews.com/this-is- a-nightmare-and-a-warning/ (http://gretawire.blogs.foxnews.com/this-is- a-nightmare-and-a-warning/) For some reason, Obama is more worried about amnesty. He doesn't seem to care about Main Street, or folks in states like Arizona. |