Our newly elected Governor and Legislature are wasting no time in undoing some of the fiscal damage inflicted on North Carolinians by the former Governor. Legislation coming out of committee for full consideration would address some of her Majesty's false promises. Maximum Unemployment benefits would be reduced by 1/3. Maximum will now be around $350 weekly. Waiting period will increase from 1 week to 2. The maximum number of weeks will drop from 26 to a sliding scale of 12 to 20 weeks based on the state's unemployment rate. There apparently will be an end to extended benefits funded through borrowing from the Feds.
This should certainly force a significant number of people to get a job and quickly. Projected annual savings of $700 Million will allow North Carolina to repay the Feds for the $2.6 Billion, which was borrowed by our now departed Governor to allow unemployment benefits of up to 2 years, by the middle of 2015 which is way ahead of the 2018 due date and saves the state millions in interest charges. It's great to have a Governor with some business experience and commonsense who understands fiscal responsibility.
Now which will post first?
Someone who will throw out the race card.
Or someone who will talk about the injustice put upon those who do not want to work?
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