Wednesday, May 18, 2011

Michigan first to act as states weigh reductions in unemployment benefits

Michigan first to act as states weigh reductions in unemployment benefits - CFED News Clips
"When state unemployment funds are depleted, they borrow from the federal government.
Michigan owes the federal government $3.9 billion for the program.

By comparison, the state's proposed budget for next year is $45.9 billion."

$3.9 BILLION!!!!!!!!!
And it's growing EVERY day!

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