Sponsored Content
Andrea Mitchell - Ronald Reagan Remix | Main | Social Scientist Discovers That Social Science Is Biased To The Left
February 08, 2011

The Federal Bailout of the States Begins

"Obama Plans Jobless Aid Help for States". That's the title of the article -- I guess they felt that using the world "help" was less alarming than "bailout". Yet that's what this is.

Pull quote:

Rising unemployment has placed such a burden on states that 30 of them owe the federal government $42 billion in money borrowed to meet their unemployment insurance obligations. Three states already have had to raise taxes to begin paying back the money they owe. More than 20 other states likely would have to raise taxes to cover their unemployment insurance debts. Under federal law, such tax increases are automatic once the money owed reaches a certain level.

And here's another fun thought: most states' fiscal problems are only just beginning. But hey...let's all just blame Meredith Whitney for being an alarmist; things will surely work themselves out somehow.


digg this
posted by Monty at 10:13 AM

| Access Comments




Recent Comments
MkY: "Bull has a blanket and a halter. Must be somebody' ..."

Martini Farmer: "Go Carts.... Back when I was in Jr High School ..."

Braenyard, _ want nuremberg trials? badger your congressman: ">>>Fits in with the rest of the semi-dysfunctional ..."

Dr. Bone: "Bull has a blanket and a halter. Must be somebody' ..."

ZOD: ">>270 Well.. I did it again. Took a big chunk of s ..."

azjaeger: "Wife and I were talking about generators one time, ..."

antisocial justice beatnik: "[i]249 Those downhill go carts are a tamer version ..."

MkY: "Anyway, I’m going to get through this and th ..."

Joe Kidd: "A waterslide with no water? Must be funded by the ..."

mikeski: "[i]We are at the point where Media Goblins are "ca ..."

Braenyard, _ want nuremberg trials? badger your congressman: "Are you old enough for SS? ..."

Nightwatch: "EF THIS... So in SoCal I just got hit with a 20 ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64