XIAM007

Making Unique Observations in a Very Cluttered World

Sunday, May 23, 2010

32 States Have Borrowed from the Federal Government to Make Unemployment Payments - total balance May 2010 - $37.8 billion -

32 States Have Borrowed from the Federal Government to Make Unemployment Payments - total balance May 2010 - $37.8 billion -

EconomicPolicyJournal.com has learned that 32 states have run out funds to make unemployment benefit payments and that the federal government has been supplying these states with funds so that they can make their  payments to the unemployed. In some cases, states have borrowed billions. As of May 20, the total balance outstanding by 32 states (and the Virgin Islands) is $37.8 billion.

The state of California has borrowed $6.9 billion. Michigan has borrowed $3.9 billion, Illinois $2.2 billion.

Below is the full list of the 32 states (and the Virgin Islands) that have borrowed from the federal government  to make unemployment payments, and the amounts that remain borrowed as of May 20 . (Numbers in red are billions)


Alabama      $ 283 million
Arkansas        330 million
California        6.9 billion
Colorado       253 million
Connecticut    498 million
Delaware         12 million
Florida           1.6 billion
Georgia         416 million
Idaho            202 million
Illinois            2.2 billion
Indiana           1.7 billion
Kansas           88 million
Kentucky     795 million
Maryland     133 million
Mass.          387 million
Michigan        3.9 billion
Minnesota    477 million
Missouri       722 million
Nevada        397 million
New Jersey   1.7 billion
New York     3.2 billion
N.C.              2.1 billion
Ohio             2.3 billion
Penn.            3.0 billion
R.I.              225 million
S.C.            886 million
S.D.              24 million
Tennessee     21 million
Texas           1.0 billion
Vermont        33 million
Virginia       346 million
Virgin Islands 13 million
Wisconsin     1.4 billion
Total         $37.8 billion

Toyota Uses Gangster Music & White Soccer Moms For New TV Ad - Bad, really, really Bad -


Toyota Uses Gangster Music & White Soccer Moms For New TV Ad - Bad, really, really Bad -