make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Tom OT

I never saw the post I wrote about unemployment being put on a blog here.
Apparently NC is NOT paying back the Federal Extended benefits - they are not required to be paid back.
They are paying back the STATES unemployment fund which is now underfunded due to the poor economic performance of Bev's administration. (not all her fault either)
This is a quote from Harry Payne himself on the SNO blog (he responded to me)

"There is a pre-existing debt caused by the state borrowing to pay state benefits (the first 26 weeks, not any of the EUC Federal benefits) because of the depletion of the state trust fund. The extended federal benefits (beyond 26 weeks) are paid entirely by the federal government. The extension this year just approved by the Congress does not add to the state debt at all and those roughly 600 million dollars in aid to NC families and to Nc businesses who struggle does not affect our obligation at all.
No, it does not add to our debt of the state's business obligation at. Hard to explain a 70 page bill in 650 words. sorry"

Or did I miss something?
Vog

Reply

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
CAPTCHA
Please re-enter the code shown in the image below.