Submitted by SurfCityTom on Wed, 09/05/2012 - 4:47pm.
the state owes over $2 Billion to the Feds for funds loaned to keep Medicaid afloat.
And it owes another $2 Billion to the Feds for funds loaned to keep benefits in place for the long term unemployed who were unwilling to seek alternate employment outside of their industry or to take available training to prepare for another career.
The state can not afford continued borrowing when it does not have the funds to cover current expenses.
Add to the above, underfunded state employee retirement funds and state retiree health insurance funds.
McRory gets the message. Mike & Bev's boy, Walter Dalton does not get it.
He makes some good points
the state owes over $2 Billion to the Feds for funds loaned to keep Medicaid afloat.
And it owes another $2 Billion to the Feds for funds loaned to keep benefits in place for the long term unemployed who were unwilling to seek alternate employment outside of their industry or to take available training to prepare for another career.
The state can not afford continued borrowing when it does not have the funds to cover current expenses.
Add to the above, underfunded state employee retirement funds and state retiree health insurance funds.
McRory gets the message. Mike & Bev's boy, Walter Dalton does not get it.