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Author Topic: What happens when the unemployment runs out?  (Read 3188 times)
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WhiskeyGirl
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« 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


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/


For some reason, Obama is more worried about amnesty.  He doesn't seem to care about Main Street, or folks in states like Arizona.
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