New York Borrows to Pay Jobless Claims:
“I think we went insolvent about two hours into 2009,” said M. Patricia Smith, the state’s labor commissioner. “We’re seeing 50 percent more claimants each week than a year ago.”
Funny, I filed for what will be my last payment yesterday.
H/T Atrios
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I, fortunately, am not to that point yet but the end of next month I will get to make the trek to the unemployment office and put my name on the roles as well. With my luck they will have run out of money here in Georgia by that time.
Maybe by that time someone in DC will have figured out how to stimulate those of us who really need it.
fallenmonks last blog post..Food Sins
California doesn’t even have a budget yet for the fiscal year beginning last Sept. We’re broke and The Governator has said that he may refuse to pay jobless claims. If my current startup goes under, I’m up the creek…
Time to ramp up those features on my other venture!
Kvatchs last blog post..Inaugural Observations – No Longer Invisible
Our state sucks more than yours does!
Agis last blog post..I stole this one from the Pope’s ipod.
Come on, let’s all form a bank. There has to be a few million still lying around, right?
Michigan’s high tax rate has been keeping the unemployment office solvent for now, but with lines at offices stretching through parking lots, it won’t be long before Granholm will be begging with everyone else for a little handout.
Lew Scannons last blog post..Tumbling Dominoes