It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

States Face Dwindling Unemployment Funds

page: 1
0

log in

join
share:

posted on Jul, 2 2008 @ 08:11 PM
link   

States Face Dwindling Unemployment Funds


rawstory.com

The funds states use to pay unemployment benefits are running low, raising fears of higher taxes on businesses and less money to help out-of-work employees during tight economic times.

Thirty-three states have funds below recommended levels, meaning they're at risk of running out in less than a year unless they're replenished as required under federal law. Nearly half the states could run out in less than six months.

(visit the link for the full news article)




posted on Jul, 2 2008 @ 08:11 PM
link   
More awesome news for the growing avalanche of people losing their jobs. I wonder what's going to happen to all these people when half the states are bankrupt?

But the good news is we're not in a recession! LOL!



The funds, totaling about $38 billion today, are in worse shape than before the last recession, when the total was about $54 billion.




rawstory.com
(visit the link for the full news article)



posted on Jul, 2 2008 @ 08:22 PM
link   
Unemployment benefits need to overhauled.

The way to do it is instead of making employers pay unemployment taxes, make them give 6 weeks of severence pay when they terminate or lay off an employee. That way the employee has immediate cash in their pockets to pursue another job.

Nah....that is too simple, the government wouldn't go for that.



posted on Jul, 2 2008 @ 08:32 PM
link   
Interesting to point out that is actually not a big number of unemployed with benefits as compare to those that lose their job with not benefits.

If the numbers of unemployment is making the unemployment funds run out that tells you how bad the rest of the ones without unemployment benefits are ranking right now.

Actually only good jobs are the ones that can afford the benefits and those seems to be the ones been exterminated.

When those jobs are gone, then the numbers of unemployment benefit pay off will stop as everybody will be employed if they are lucky to jobs that can not afford the benefits.

Then numbers will start looking good.



posted on Jul, 2 2008 @ 08:54 PM
link   
Free markets for profits! Socialism for costs/risks!

Ooh, ooh, maybe McCain can give someone a $300M prize for figuring out how to give everyone a job.
Ooh, another idea...give a government contract to Halliburton to help out the unemployed...oh, yeah, food and housing for families...hey, that's it!...I found a way to give money to a corporation to help with unemployment and poverty...as corporations lay them off, there'll be another corporation to help...now, all we have to do is get rid of the middle man, our elected leaders...I pledge allegiance to the united corporations of america...



new topics

top topics
 
0

log in

join