New York (CNNMoney.com) – With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans.
A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according to a report released Thursday by the National Employment Law Project. Four others are at the brink of insolvency.
Debt-challenged California has borrowed the most, totaling more than $8.4 billion, followed by Michigan and New York, which have loans worth more than $3 billion. Nine other states have borrowed at least $1 billion from the federal government.
Don't look at democrats to blame. Good old Sen. Coburn can take all the slack for that.
Which states? The 33 that have to borrow, the 13 that don't, and what about the remaining 4?
"hopey and changey"
Errrr.........I mean "hoax and chains'
Just wait untl the Democrats start talking about passing a Value Added Tax (VAT tax). This is national sales tax of 15% or more-–that you will pay for EVERYTHING. This VAT tax will NOT replace your federal/state income taxes or the state sales taxes---you will just be paying state/federal income taxes and a state sales tax--PLUS the value added tax (VAT).
The Dems are going to get clobbered in November-–I can't wait
Thank you, Republican senators!
By the way, will we EVER get any good work out of you dolts? I know you're busy trying to derail healthcare, and I guess you're getting ready to fight against the US/Russia START nuclear arms reduction treaty (because, apparently, some of you think that we need more nukes).
Fear is the only thing powering the right-wing nuts in our country, so I guess the only way for America to move forward as a society is to pass out the Valium to all the scaredy-cats.
Time to man-up, act brave, and deal with some of the problems we have. It's too late, and thoroughly inappropriate to try to take us back to the 1950s!
Let us know if some of these states may be part of the group suing because they don't want Health Care for their citizens. So much for wanting government out of their lives.
How are they putting the Stimulus funds that nobody wanted to use? Would this be happenning in these states if they had done as the economists and the administration suggested 15 MONTHS AGO and put their stimulus monies to work towards creating JOBS IN THEIR STATES???
Now they have to BORROW from the feds to keep unemployment benefits going in their states. I could be confused here, but it does'nt make ANY sense to me.
Let the games begin!
Wait a minute. We created 162,000 jobs last month. The econimy has turned around and we are back in booming times. Look at the stock market. No worries. BHO has proclaimed that everything is good. The States are just causing problems because they don't agree with BHO so they are a bunch of racists.
Guess this is what happens when one party spends 8 full years sweeping a faulty economy under the rug. Eventually the dirt surfaces, no matter how hard you try to hide it.
I will never forgive the GOP for all that happened on their watch. I laugh to think that anyone of those poeople responsible for bringing this country to it's collective knee actually think they deserve to be re-elected.
Overblown egotists . . .
The Rep., is the cause of this.........they dont care about the people!
The GOP is on the other side and dont care about the middle class......people can you see that.....please
Aint that special, I work for a bussiness work for is having a meeting this evening to discuss closing.
This is where some real trouble begins, as the unemployed no longer have any options.
the chickens are coming home to roost.
I'm 40 and here is what I expect – 30% income tax rates, increased property taxes, vat, state income tax (washington state resident), increased ss, increase medicare – no ss when i retire, no medicare, and a government run death panal to knock me off when I reach age 70.
the future is bright mes amis! thanks barry.
i am moving back to canada to live in my parents garage.
Egads. Time to find some more wealth to redistribute.
Full disclosure please:
The overwhelming majority of states wasting taxpayer dollars on frivolous lawsuits against our health care (12 of them) are included on this list of 33 states. Not to mention, Senate Republicans are shamelessly blocking unemployment benefits for these Americans.
Remember voter of America the Republicans Senator and congressman vote no on extending your unemployment benefits. If the Republican can spend money on Iraq and Afghanistan to rebuild but want extend unemployment benefit for needed American something is wrong with this. On top of that go home for Easter break (SMILE)
whats new, you cant keep paying UN forever.
Again...Thanks Obama for this wonderful economy and abundance of jobs.
Everyday, not a day missed, we hear crap coming from Obama on what he is doing to destroy this nation, but we hear nothing about more jobs or the economy getting better. I suppose those things are not on his agenda, only out to destroy this country.
BUT........... 18 states some which are running out of money for jobless benefits are using state money to sue the Federal government! Insane.
Yet another tragic chapter of Bush-Cheney gutting all domestic funding under the 'guise' of supporting the war's in Iraq and Afghanistan.
Vote more Democratic public servants into office and America won't continue to be subjected to this Republican led misery and Armageddon on Americans.
This is our future!
Who is left to tax for mismanagement of tax funds?
And still somehow the republican attorney generals want to waste state funds on suing the federal government over healthcare sighting it's unconstitutional and "wasteful spending". Morons.
This story is another reason ObamaCare was a bad idea at a bad time. It is classic mismanagement. It creates no jobs and infact will cause higher unemployment. It costs $1 trillion and it increases the cost of health care insurance for those that have it now.
The economy is already in trouble and yet the Democrats in Congress and the Administration against strong opposition put in place a huge new entitlement program that just makes it worse.
Thank the Taliban for taking away unemployment benefits .... Mullah Bunning and his supporters
Repeal nafta and all these garbage trade deals.Like Trump says there laughing at us in china.Bring the manafacturing base back.