Unemployment is insurance and not welfare. It’s funded by premiums (taxes) paid by employers. But of course the extensions are government bailouts.[/quote]
bri,
The state is also broke on this fund: From the SacBee:
The state’s unemployment insurance fund, meanwhile, is about $7 billion in the red, and that deficit is expected to more than double in the next year and quadruple by the end of 2011. The state has been borrowing from the federal government, but sooner or later it will have to repay the feds, probably by taxing employers.
