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.
Romans 10:9-10
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“If you declare with your mouth, “Jesus is Lord,” and believe in your heart
that God raised him from the dead, you will be saved. For it is with your
heart...
11 hours ago
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