WestVirginiaRebel Posted May 21, 2010 Share Posted May 21, 2010 Economy Policy Journal:EconomicPolicyJournal.com has learned that 32 states have run out funds to make unemployment benefit payments and that the federal governmant 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 is the full list of the 32 states (and the Virgin Islands) that have borrowed from the Fed to make unemployment payments, and the amounts that remain borrowed as of May 20 . (Numbers in red are billions)Alabama $ 283 million Arkansas 330 million California 6.9 billion Colorado 253 million Connecticut 498 million Delaware 12 million Florida 1.6 billion Georgia 416 millionIdaho 202 million Illinois 2.2 billionIndiana 1.7 billion Kansas 88 million Kentucky 795 million Maryland 133 million Mass. 387 million Michigan 3.9 billion Minnesota 477 million Missouri 722 million Nevada 397 millionNew Jersey 1.7 billionNew York 3.2 billion N.C. 2.1 billion Ohio 2.3 billion Penn. 3.0 billion R.I. 225 million S.C. 886 million S.D. 24 million Tennessee 21 million Texas 1.0 billion Vermont 33 million Virginia 346 million Virgin Islands 13 million Wisconsin 1.4 billion Total $37.8 billion________Neither a borrower nor a lender be, but at the rate things are going, beggars all we soon shall be. Link to comment Share on other sites More sharing options...
Sanguine Posted May 22, 2010 Share Posted May 22, 2010 Texas? WTH? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now