Pa. Unemployment Fund $2 Billion In Red
Pennsylvania's Unemployment Fund has a balance of $125 million and a debt of $2.05 billion, which was borrowed from the federal government.
To try and pay it off the state's employers will pay $48 more per employee in unemployment taxes in 2010 which will be $432 per worker. Which of course means the employers will be less likely to hire. Which of course means continued high unemployment.
Pennsylvania's debt puts it behind California at $6.4 billion; Michigan, $3.29 billion; and New York, $2.3 billion.
Here's how Pa. ranks regarding unemployment tax per worker.
Kudos to Nate Benefield for the tip.
To try and pay it off the state's employers will pay $48 more per employee in unemployment taxes in 2010 which will be $432 per worker. Which of course means the employers will be less likely to hire. Which of course means continued high unemployment.
Pennsylvania's debt puts it behind California at $6.4 billion; Michigan, $3.29 billion; and New York, $2.3 billion.
Here's how Pa. ranks regarding unemployment tax per worker.
Kudos to Nate Benefield for the tip.
So, apparently, Pennsylvannians have been struck with the same blind stupidity that Californians have suffered with for years and allowed the politicians in their state to bankrupt it, also. That's what happens with hundreds of thousands of foreign nationals, illegally in this nation, and doing subsidized "cheap" labor that depresses Americans jobs and wages and ruins their social services. Stupid is as stupid does. Continue voting for liberals and you might just wind up on the street.
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