In the last two years, the state collected just $9.9 billion in unemployment insurance taxes—but it paid out $20.6 billion in benefits during the same time. California recently had to borrow $8.5 billion from the federal government to pay for the unemployment benefit obligations. If the state doesn’t pay off its loan from Washington, D.C. by 2012, it will owe a $362 million interest payment. That’s an expensive fantasy to finance—and California can’t print Monopoly money to stay afloat.
Luke 12:6-7
-
“Are not five sparrows sold for two pennies? Yet not one of them is
forgotten by God. Indeed, the very hairs of your head are all numbered.
Don’t be afraid...
22 hours ago
No comments:
Post a Comment