32 US States Brankrupt Must Borrowed For Unemployment Payments!!!
June 3, 2010 Leave a comment
According to EconomicPolicyJournal.com 32 US states have run out of funds to make unemployment benefit payments. The end result is that the federal government has been supplying these states with funds so that they can make their payments to the unemployed.
In some cases, states have borrowed billions. As of May 20, the total balance outstanding by 32 states (and the Virgin Islands) is $37.8 billion. The state of California has borrowed $6.9 billion. Michigan has borrowed $3.9 billion, Illinois $2.2 billion.
Below are some other states that have borrowed from the federal government to make unemployment payments, and the amounts that remain borrowed as of May 20 2010. To see full list click HERE.
California 6.9 billion
Florida 1.6 billion
Illinois 2.2 billion
Indiana 1.7 billion
Kansas 88 million
Michigan 3.9 billion
New Jersey 1.7 billion
New York 3.2 billion
N.C. 2.1 billion
Ohio 2.3 billion
Penn. 3.0 billion
Texas 1.0 billion
Wisconsin 1.4 billion
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