State borrows more money to pay unemployment

According to the Artical,in addition from gleaned news sources elsewhere, the ESC has had to borrow 13 million, to cover 2 Days worth of payments for, the unemployed. Further research reveals that the unemployment fund for the ESC is at near ZERO. The ESC is out of funds. It also is reported they may have to borrow more from the Fed as Early as Monday, to cover the following week. The State has a 540 Million credit Lne with the Fed .Gov that is Zero Interest *if* repaid by October this year.. The next Major income for the ESC via taxes from Employers isn't due till May, except small payments thoughout this quarter.. Now consider this, with the Employment rate effectivly at 8.7% and a very real possibility of this going higher, for a sustained length of time,as Jobs contuniue to be non-existant, Employers won't be adding more taxes, but less, into the Unemployment fund, as less taxes are collected.More money to be borrowed from the Federal .GOV. Will We then be able to pay those Loans back by October? As the "Recession", turns into a "Depression"? As the next wave of Business Closures, Home Foreclosers, Layoffs, in addition, Maybe a major Bank Failure, or 2 that possibly will happen in the coming Months? This will surely be a *Summer of Discontent*. The State, (the Country as a whole also), is going to be in a position I frankly Don't wish to think about.. Can you say, Great Depression 2.0 ? This is becoming a very real possibilty, that will unfold in the coming Months ..

Oh, its only going to get worse. The new stimulus bill calls for unemployment extensions and even more per week. This is wonderful, but what happens when the bailout money runs out. Do you honestly believe the unemployment rate will be at zero? please. Until this state learns to manage something called a budget, it will always be in the hole. But then balancing a budget might require dipping into the pocketbooks of dirty politicians and we can't have that. After all, what in the world would they do if they only had 200,000 per year to live on? oh, mercy me.....

these film workers are always collecting unemployment even though its not a real full time job. I got a neighbor that works in the films and he makes more then I do working only about 30 weeks a year, the rest of the time he "dials for dollars" collecting over $400 a week while he does cash under the table jobs. And hes been doing it for years. My guess is he puts in at the most couple of grand a year tops and pulls out 10. Now multiply that times a few hundred. There's a million right there!