Posted on 05/05/2020 5:29:28 PM PDT by fluorescence
California became the first state in the nation to borrow federal funds to help its beleaguered unemployment system, state officials said Tuesday.
“This has been an unprecedented time for unemployed workers across our state. As of April 30, California borrowed $348 million from the federal government to ensure Unemployment Insurance (UI) benefit payments are made to eligible unemployed workers,” the Employment Development Department said in a statement to The Bee.
“We are using every tool at our disposal to ensure people have the resources they need during this difficult time, and that funding is available to continue to meet the increased demand for these benefits,” said the department, which manages the state’s unemployment program.
The state could tap as much as $10 billion through the end of July.
The unemployment agency has been deluged with claims since mid-March, when the coronavirus outbreak began. It has processed 3.5 million claims so far and paid a total of about $4.5 billion.
It has pledged to pay regular unemployment benefits with 21 days, and pay benefits to Pandemic Unemployment Assistance recipients within 24 to 48 hours. PUA is a special federally-funded program aimed at helping those who would ordinarily not qualify for regular benefits.
But the agency has been overwhelmed. Readers have told The Bee phone lines are difficult if not impossible to access, even though the state set up a new line April 20 to help handle the volume.
(Excerpt) Read more at sacbee.com ...
Freakin’ California is giving $$$ to illegals! Why do they get to hold their grimy paws out for MY money?
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It’s time for the big quake...
cal spends 25 Billion a year in services to illegals. They just passed bill to give stimulant payments to illegals. Let cal Pay t’sown way till they cut the crap.
This is really my main gripe with Trump. California has 58 deaths per million population, yet the lifting of restrictions Newsome just announced are lip service at best. The Trump administration needs to inform grifters like Newsome that he has to do more to prop up his state’s economy and stop expecting the Feds to do it for him. Admittedly, the administration hasn’t responded, I am hoping this is the outcome.
Why did the rest of us give it to CA? I thought Trump said he wasn’t going to bail out these dysfunctional states.
California once was the crown jewel of America and rivaled world countries in culture and economy. Ronald Reagan was once governor. It is now a third world sh*thole and DNC cesspool.
Wait weren’t the bragging about how they had a huge surplus?
Another Trump disappointment. Trump is an idiot. Sorry for saying it.
Trump needs to get his stuff together or just resign.
This is a backdoor bailout. Look for New York to do this.
I would have denied the loan.
California will ask for more money and Trump will give it to them.
Seems trump TALKS a big game about illegals but hasn’t done much to stop the illegal funding of them by the States.
CA just gave China 1 billion dollars - ask them for the money.
And Billion dollars that Newsom just sent to a Chinese company to provide Kalifornia with face masks when it doesn’t even make face masks. Gavin Dillinger strikes again and gets away with with millions of tax dollars!
And if they weren’t giving $78+ million to illegals, the loan could be $270 million....
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