As George Wanker Bush pushes to keep his streak alive for tanking every business he's ever run, there comes this rosy news:
The demand for unemployment benefits across the country has put a strain on state unemployment funds, with such funds in at least 10 states facing insolvency in 2009, according to a policy group.That can't be good news. Rising unemployment and no unemployment benefits?
Nationwide, unemployment reached 6.1 percent, or roughly 9.1 million people, in August, up from 4.7 percent in 2007, and is expected to continue rising. The U.S. Department of Labor said that in August, claims for unemployment benefits reached their highest levels since 2001.
Way to go Wanker.
1 comment:
Taxes have been demonized since 1994, but the thing is is that it is during boom times is when governments should prepare for rainy days. Instead people and businesses who don't need it get tax cuts, states give tax free weeks, and now they find themselves unable to fund the insurance fund.
Although no one likes to pay taxes, it is the collection of taxes that separates us from the 3rd world!
Everyone needs to face facts just come to the realization that taxes are good and necessary during boom times, so that there is leverage to cut them in bust times.
Having low taxes all the time is unsustainable and unrealistic.
People who don't understand that need to go back to high school and take Advance Placement Macroeconomics.
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