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10-20-2011, 07:52 PM #1
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Unemployment Programs in Worst Shape Since 1935
Unemployment Programs in Worst Shape Since 1935
Thursday, 20 Oct 2011 10:18 AM
By Greg McDonald
State unemployment insurance programs are in their worst financial shape since they were established in 1935 and their outstanding debts to the U.S. Treasury total $37 billion, according to a new report from the National Academy of Social Insurance.
“The current financing crisis in state [unemployment] programs can be described as a perfect storm resulting from the constellation of four factors,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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