IIRC this is the second State claiming such problems with Unemployment Insurance Payouts.
Who they gonna borrow from?
Oh, forgot about the Washington DC Infinite Money Tree.
Voted for The Messiah, didn’t they? Just call for divine intervention.
If they’re having problems now, just wait!
Obama said it could take years to fix the financial system.
I guess I should expect a sharp increase in the unemployment insurance rates. (OH)
I wouldnt be surprised if other states soon have similar problems with their unemployment fund
Scary thing is that if employers have to cough up more money...then there will be more job losses
Question: what happens when the Federal government ultimately runs out of money to bailout the states and meet its own entitlement payments?
Google news: Unemployment Insurance Fund
(Hint: they’re all broke)
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What happens after April?
What’s the big deal???? New York’s fund has been broke for months!
No worry, Claire is some kind of insider in Obama’s circle. (I think she swabs the toilet)
Unemployed citizens need only call Obambi who promised to pay our mortgages and buy our gas according to that Florida woman said so..
Things are reportedly so bad in Missouri that, except for the first time filers’ phone line, the Missouri Department of Labor has simply quit answering the phones on Tuesdays and Thursday in order to try to find time to catch up on the backlogs of paperwork.
My neighbor (who was out of work 2 months as of mid December) told me he would stop looking for work during Christmas to spend more time around the house. He liked the ability to get things done. On February 1st I asked how the job hunt was going and he told me he was in no rush as unemployment benefits were being extended again. His wife chimed in “I figured with a few cutbacks in what we spend, I could stand to lose my job as well and we can still make our house and boat payments with what we would get from unemployment insurance”.
I guess they can hand out I.O.U.’s
“IIRC this is the second State claiming such problems with Unemployment Insurance Payouts. “
There are several states that have been collecting federal money for unemployment insurance payments because their money ran out. The MSM just tries to keep it mostly hush.
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What happened to all the employer contributions for unemployment during the GOOD times when unemployment was low?
As an employer I paid about a 6% tax on payroll to unemployment, plus another 1.5% to the feds every year.
When the times were good, the state was raking in the cash.
suddenly they are broke? Where did the money go? Where Where?? No savings for a rainy day????
amazing........but never surprised that government wouldn’t save anything.
They should simply borrow from the Missouri State Employees’ Pension Fund.