Ace of Spades HQ

« 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.

posted by Monty at 10:13 AM

| Access Comments


Advertise Here! Intermarkets' Privacy Policy Support Donate to Ace of Spades HQ! Contact Ace: aceofspadeshq at gee mail.com Buck: buck.throckmorton at protonmail.com CBD: cbd at cutjibnewsletter.com joe mannix: mannix2024 at proton.me MisHum: petmorons at gee mail.com J.J. Sefton: sefton at cutjibnewsletter.com Recent Entries It Is A Far, Far Better ONT That I Go To, Than I Have Ever Known Holiday Weekend Cafe The Week In Woke Quick Hits Deranged Leftwing Propagandist Scott Pelley on Chopping Block at CBS; CBS "News" Embarrassed by Gayle King's Insistence That She's an Astronaut Now, and May Also Be Fired NIH Director Jay Bhattacharya Explained to His Kindergaretener "Workers" That There Was Scientific Evidence that the NIH Funded the Creation of the Covid Vaccine. They Do the Scientific Thing and Walk Out in Political Protest. The Federalist Society-Picked Supreme Court Continues to Disappoint Of Course: The Left Begins Praising Antisemitic Assassin Elias Rodriguez Jake Tapper: We've Been Too Polite In Dealing With Trump. Trump Isn't Being "Transparent With His Health Records" and It's Time We Pressed Him On That. Eight years after Trump’s 2016 Victory, any Company Blindsided by Tariffs on Chinese Imports is Willfully Negligent Absent Friends Jim Sunk New Dawn 2025 Jewells45 2025 Bandersnatch 2024 GnuBreed 2024 Captain Hate 2023 moon_over_vermont 2023 westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 AoSHQ Writers Group A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info: maildrop62 at proton dot me Cutting The Cord And Email Security Cutting The Cord [Joe Mannix (not a cop)] Cutting The Cord: It's Easier Than You Think [Blaster] Private Email and Secure Signatures [Hogmartin] Moron Meet-Ups NoVaMoMe 2025: 06/21/2025 Arlington, VA Contact Weasel and Bluebell for info Texas MoMe 2025: 10/17/2025-10/18/2025 Corsicana,TX Contact Ben Had for info	« 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. posted by Monty at 10:13 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments rhomboid: "In the past read many comments from SoCal shooters ..." Alberta Oil Peon: "(taps blog) Is this thing on? ..." Pug Mahon: "Speaking of actors being older than their characte ..." Diogenes: "Saint Mike's Built on a volcano Who's turn i ..." tankascribe: "Battening down the hatches here as the Bottlerock ..." mikeski: "[i] Molly Ephraim, who played the super-cute middl ..." Skip : "Wondering how many died in that Mexico explosion ..." Cicero (@cicero43): "Church of Saint Michel d'Aiguilhe ----------- ..." Kindltot: "[i]"Butte" is totally rayciss, though. Posted by: ..." JackStraw: ">>Keanu seems like a very down-to-earth guy in eve ..." Lizzo: ""Things that sound racist but aren't" for $400, Al ..." All Hail Eris, She-Wolf of the 'Ettes 'Ettes: "If you can tolerate Zoomies, there's a documentary ..." Recent Entries It Is A Far, Far Better ONT That I Go To, Than I Have Ever Known Holiday Weekend Cafe The Week In Woke Quick Hits Deranged Leftwing Propagandist Scott Pelley on Chopping Block at CBS; CBS "News" Embarrassed by Gayle King's Insistence That She's an Astronaut Now, and May Also Be Fired NIH Director Jay Bhattacharya Explained to His Kindergaretener "Workers" That There Was Scientific Evidence that the NIH Funded the Creation of the Covid Vaccine. They Do the Scientific Thing and Walk Out in Political Protest. The Federalist Society-Picked Supreme Court Continues to Disappoint Of Course: The Left Begins Praising Antisemitic Assassin Elias Rodriguez Jake Tapper: We've Been Too Polite In Dealing With Trump. Trump Isn't Being "Transparent With His Health Records" and It's Time We Pressed Him On That. Eight years after Trump’s 2016 Victory, any Company Blindsided by Tariffs on Chinese Imports is Willfully Negligent Search Search this site: Polls! Polls! Polls! Frequently Asked Questions What is the Deal with the Cowbell? Why is the Ace of Spades called "the Death Card"? The (Almost) Complete Paul Anka Integrity Kick Primary Document: The Audio Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an Fckin' Hammer Top Top Tens Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really* Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell 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) Syndicate this site (XML) Powered by Movable Type 2.64