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Old 02-20-2011, 10:38 AM
 
Location: Michigan
29,391 posts, read 55,614,054 times
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WASHINGTON – State officials had plenty of warning. Over the past three decades, two national commissions and a series of government audits sounded alarms about the dwindling amount of money states were setting aside to pay unemployment insurance to laid-off workers.

"Trust Fund Reserves Inadequate," federal auditors said in a 1988 report.

States ignored warnings on unemployment insurance - Yahoo! News (http://news.yahoo.com/s/ap/us_broken_budgets_a_warning_ignored - broken link)
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Old 02-20-2011, 05:00 PM
 
269 posts, read 710,879 times
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