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Archive for January 20th, 2009

Many states are running out of un-employment funds!

Not only are the job losses at the highest level since 1945, now many states are running out of re-serves to pay unemployment insurance.  The U.S. Department of Labor recommends that states maintain a balance to sufficiently cover benefits for one year during a typical recession.  According to the National Conference of State Legislators, five states have Unemployment Trust Fund accounts re-serves of less than three months to cover benefits.  Another eight states have reserves of less than six months, and six states have less than a year in reserve.

George and company left things in quite a mess…  Thanks George – I hope history remembers you, as I will   *@!?…

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