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...
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...
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