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| Economy |
| Calif getting $40 million a day on the cuff from the Feds for unemployment |
| 2010-11-08 |
| With one in every eight workers unemployed and empty state coffers, California is borrowing billions of dollars from the federal government to pay unemployment insurance. The Los Angeles Times reports that the state owes $8.6 billion already, and will have to come up with a $362-million payment to Washington by the end of next September. Moonbeam will pay for that with all the savings from renewable energy. The continued borrowing means federal unemployment insurance taxes are going to increase, upping the annual payroll costs $21 a year per worker. California tops the list of 32 states that have borrowed a total of $41 billion to pay claims. The bigger and bluer the better. They're counting on the Feds forgiving the total amount 'loaned' to the states. All the states are counting on that. |
| Posted by:GolfBravoUSMC |
| #11 Depending on how it's handled, SecretMaster might end up with oceanfront property. |
| Posted by: KBK 2010-11-08 23:51 |
| #10 Will we have bilingual ballots with a choice of English? English is an option? |
| Posted by: gorb 2010-11-08 21:08 |
| #9 It sounds like us taxpayers are already unwillingly bailing out California. Does anyone think these "loans" will ever be repaid? |
| Posted by: Deacon Blues 2010-11-08 19:01 |
| #8 Seems like a reasonable plan to me. However, I'd like some recompense for all the sub-quality Chinese crap that doesn't work that gets imported to the U.S. Maybe they only get San Francisco and L.A. |
| Posted by: JohnQC 2010-11-08 18:37 |
| #7 As a Nevadan I support P2K's plan. |
| Posted by: Secret Master 2010-11-08 13:56 |
| #6 P2K No problem, many in our area already speak Cantonese and/or Mandarin. Will we have bilingual ballots with a choice of English? Maybe it doesn't matter when you have only one candidate. |
| Posted by: GolfBravoUSMC 2010-11-08 13:22 |
| #5 Well, I just got to CA so I might as well start planning the insurgency. |
| Posted by: DarthVader 2010-11-08 13:16 |
| #4 P2K that's not just snark, that's walk-off-home-run snark. |
| Posted by: regular joe 2010-11-08 13:12 |
| #3 Once the Chinese collect enough bonds, we give them California in exchange. It's not like the Californistas are concerned about one party rule and heavy handed bureaucracies. |
| Posted by: Procopius2k 2010-11-08 11:59 |
| #2 And these loans come from which slush fund? The one that is held by the Chinese. |
| Posted by: DarthVader 2010-11-08 11:41 |
| #1 And these loans come from which slush fund? |
| Posted by: tipover 2010-11-08 11:29 |