Unemployment funds going broke

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mikepdx

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40 state programs to be emptied by the jobless tsunami within two years

The recession's jobless toll is draining unemployment-compensation funds so fast that according to federal
projections, 40 state programs will go broke within two years and need $90 billion in loans to keep issuing
the benefit checks.

Currently, 25 states have run out of unemployment money and have borrowed
$24 billion from the federal government to cover the gaps.

State's jobless funds going "absolutely broke" - Washington Post- msnbc.com
 

iMONITOR

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It should come as no surprise! Our Government, at all levels, on both sides, have seen this coming for well over a decade. They created the mess we're in. Yet still today, we continue to outsource jobs, and build new factories overseas. So no one should be surprised by all the unemployment, especially the Government!

Just wait for when they wake up and realize how much income tax revenue has been lost, resulting from all the unemployment!
 

mikepdx

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Dec 19, 2002
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818
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Corbett, OR USA
It should come as no surprise! Our Government, at all levels, on both sides, have seen this coming for well over a decade. They created the mess we're in. Yet still today, we continue to outsource jobs, and build new factories overseas. So no one should be surprised by all the unemployment, especially the Government!

Just wait for when they wake up and realize how much income tax revenue has been lost, resulting from all the unemployment!
Think unemployment's bad now?
Wait until the states stupidly increase the employer "contribution"
percentage to the UI fund to make up for the deficits.
Nice word for it, huh? Contribution.

Think how many jobs would have been created if the TARP giveaway
would have went 100% to infrastructure renewal instead of to scum-bag gamblers like Goldman-Sachs (a.k.a. Gold in Sacks).
 
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Rewarding the lazy, the fraudulent, and the terminally stupid

What does the Department of Labor expect when psuedo-communist states like New York (and especially New York City) are dolling out free handouts for unemployment insurance to people who have actually QUIT their jobs, when they could have worked and the job was still open, or when those people just quit because they either did something wrong at work, or were properly reprimanded for disciplinary misconduct, but the NY Department of Labor Unemployment Insurance Program felt that those workers were “verbally abused” or “left because there was not enough work to do.”

New York City’s Department of Labor, Unemployment Insurance Division, is literally draining the entire country’s money supply of much needed unmployment insurance, when people all across the nation are starving and can not even make ends meet, simply because New York City is the most liberal state in the nation that actually REWARDS laziness and fraud by its citizens to collect fraudulent welfare checks, foodstamps, and now bogus and fraudulent unemployment benefits at the expense of the truly starving and broke.

New York City’s Unemployment Insurance Benefits Program needs to be audited by the Federal Government, and sacked immediately by the FBI, to hold up as an example to the rest of the nation’s DOL Centers not to just hand out money to the lazy, the criminal minded, the fraudsters, and the terminally stupid.
 
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