Wednesday, November 17, 2010

Debt Inferno

Reading with a beat. Ahh this takes me back...




California is burning through 1.2 billion Federal tax dollars per month in the greatest unemployment loan and giveaway scheme this country has ever seen. Just check out this parabolic piece and wonder where the national debt will be as Congress- is passing the 12th extension at some point in the future. It just never ends.
http://money.cnn.com/2010/11/17/news/economy/unemployment_benefits_cost/index.htm

The staggering costs must be repaid by employers. Most believe the unemployment coffers will have to be replenished by increasing unemployment costs nearly 100% on existing employers. I'll bet employers will respond by hiring shit loads of folks. Next up, the Fed will start buying muni debt- the U.S. has it's own Ireland...only ours is bigger and we call it the golden state.

If you like twisted shit for laughs...throwing this in. I'll ask for forgiveness later...

1 comment:

conservativesonfire said...

It's a shame we can't vote California out of the Union. California should serve as a lesson for the rest of American as to what will happen to the entire country if we keep following these socialist/Marxist policies.