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Old 04-10-2010, 11:23 AM
 
Location: San Diego, California Republic
16,422 posts, read 22,267,510 times
Reputation: 8613

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California tops the list of 33 states that have run out of money to pay for unemployment. I know this may be a "DUH" moment for most of you. However it just shows how bad things are when 33 states have to borrow money from the federal goverment which itself it already in serious debt of it's own.

State Borrowed California $8.40 billion Michigan $3.78 billion New York $3.00 billion Pennsylvania $2.81 billion Ohio $2.23 billion North Carolina $2.14 billion Illinois $2.06 billion Texas $2.03 billion Indiana $1.81 billion New Jersey $1.55 billion Florida $1.50 billion Wisconsin $1.34 billion South Carolina $851 million Kentucky $760 million Missouri $687 million Minnesota $638 million Connecticut $422 million Georgia $337 million Nevada $331 million Arkansas $318 million Virginia $317 million Massachusetts $279 million Alabama $268 million Rhode Island $204 million Colorado $186 million Idaho $181 million Maryland $104 million Kansas $65 million New Hampshire $23 million South Dakota $23 million Vermont $23 million Arizona $22 million Virgin Islands $13 million Delaware $1 million
33 states out of money to fund unemployment benefits - Apr. 8, 2010
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Old 04-11-2010, 03:16 PM
 
26,579 posts, read 52,046,854 times
Reputation: 20358
Thankfully, I have never needed to apply and the times I could have... I didn't because I was able to find something quickly.

It was good to know that it was there should the need arise and I had already looked into it this February because all the employee's where I work were invited to re-apply for their jobs... well almost all.

I do know more people than ever getting unemployment... it does make it very real when neighbors, friends and family find themselves in that situation.

Neighbor's husband has had some job offers... the problem is they all pay about the same as his unemployment... so he is holding out for something in his field where he can put his 22 years of experience as a Chrysler Parts Counter guy to use... he knows just about any part that goes into a Chrysler, Dodge and Plymouth.
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Old 04-11-2010, 11:29 PM
 
Location: Yucaipa, California
9,715 posts, read 18,357,530 times
Reputation: 6416
How does the state pay back the fed govt when they are broke (like ca) ?
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Old 04-11-2010, 11:33 PM
 
10,494 posts, read 23,128,773 times
Reputation: 6667
Quote:
Originally Posted by eagle7 View Post
How does the state pay back the fed govt when they are broke (like ca) ?
They don't. As I have tried to tell people the house of cards is tumbling.
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Old 04-11-2010, 11:42 PM
 
Location: San Diego, California Republic
16,422 posts, read 22,267,510 times
Reputation: 8613
Quote:
Originally Posted by las vegas drunk View Post
They don't. As I have tried to tell people the house of cards is tumbling.
This is largely why I posted this. We are borrowing from a federal government who is borrowing from other countries. we cannot pay the feds back and the feds cannot pay back these other nations. What the hell?

I was laid off from my job at the end of 2009 and found it a little disturbing that I'm getting borrowed money. This could end tomorrow for all I know.
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