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State Unemployment Funds Going Bankrupt in Recession

7 hours ago ago from Politics Daily

The recession has sent 25 state unemployment funds into bankruptcy, and the Department of Labor predicts the number will reach 40 in the next two years, the Washington Post reports . States whose jobless funds have already dried up have borrowed $24 billion from the federal government to cover the gaps, and a total of $90 billion will be needed to keep the funds operating by 2011. Unemployment programs are funded by a payroll tax on ...

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States' jobless funds are being drained in recession

17 hours ago ago from Washington Post - Business

The recession's jobless toll is draining unemployment-compensation funds so fast that according to federal projections, 40 state programs will go broke within two years and need $90 billion in loans to keep issuing the benefit checks. This Story The shortfalls are putting pressure on governments to either raise taxes or shrink the aid payments. Debates over the state benefit programs have already erupted in South ...

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Concessions lawmakers won in the health bill

20 hours ago ago from U.S. News

Concessions lawmakers won in the health bill Here's a look at some of the concessions lawmakers and interest groups won in the latest version of the Senate's health care overhaul bill: --- LAWMAKERS: SEN. BEN NELSON, D-NEB., who provided the critical 60th vote that Senate Majority Leader Harry Reid needed, received numerous benefits for Nebraska, along with tighter curbs on abortion. Among the Nebraska-specific provisions: -The ...

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David Rivkin and Lee Casey: The States Can Check Washington's Power

18 hours ago ago from Wall Street Journal

For nearly a hundred years, federal power has expanded at the expense of the states to a point where the even the wages and hours of state employees are subject to federal control. Basic health and safety regulations that were long exercised by states under their "police power" are now dominated by Washington. The courts have similarly distorted the Constitution by inventing new constitutional rights and failing to limit governmental power ...

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Unemployment Programs In 40 States About To Go Broke

15 hours ago ago from Huffington Post

Washington Post : The recession's jobless toll is draining unemployment-compensation funds so fast that according to federal projections, 40 state programs will go broke within two years and need $90 billion in loans to keep issuing the benefit checks. The shortfalls are putting pressure on governments to either raise taxes or shrink the aid payments. Read the whole story: Washington Post

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