Wednesday, January 20, 2010

Unemployment becomes unemployed

In many states unemployment funds either have run out of money or will run out of money in the next six months.

Twenty-fives states are bankrupt and nine will probably go bankrupt.

States are borrowing from Uncle Sam' some states are cutting benefits or considering raising unemployment taxes. No matter which way you look at it - not good.

On the bright side, this happened in the 1970's and we got through it and recovered. We just need to recover - NOW.

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