The record 20 million Americans who collected unemployment insurance benefits last year landed on a safety net that was already deeply frayed.
New Interactive: ProPublica Predicts if Your State's Unemployment Insurance Fund Is About to Hit the SkidsA historical compromise has left responsibility for unemployment benefits largely in the hands of states, and they have fulfilled this charge with varying degrees of effectiveness.
In a series last summer with public radio’s Marketplace, we reported that only a handful of states had built up reserves sufficient to weather the Great Recession – and forecast a spate of borrowing by states where reserves ran out.
Half a year later, the direst predictions seem to be coming true: So far twenty-five states have borrowed more than $25 billion to keep benefits flowing after their trust funds ran dry. In many other states the situation is deteriorating fast.
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6 comments:
What are you trying to say?
That the country is going broke.
America is gone.
We pay for these insurances and shouldnt get them.
There is no money because of the way our government spends it.
No Sh!t Sherlock!
Have you been watching Social Security over the years?
Maryland is predicted to be insolvent in 6 months. That explains why people can't get unemployment claims processed. Those in the back of the line are screwed!
It's a pyramid scam just like Social Security.
Once they get all the peop[le off of it that have been collecting it for two years they might be able to help the new applicants but I doubt it
I think its a shame all the people screwed by UI cant find a lawyer to represent them for a class action suit against the state.
I keep hearing that we are out of the recession and Obama has us back on track! Guess that is not true!
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