XPost: alt.politics.economics, alt.fan.rush-limbaugh, talk.politics.guns
XPost: sac.politics

California is billions of dollars in debt to the federal government to pay
for its unemployment insurance trust at a time when the state’s expenses
far exceed its income.

The state’s government owes almost $21 billion to the federal government
at an interest rate of around 2.6%, according to the Treasury Department. California borrowed the funds after a surge in unemployment which began
during the COVID-19 pandemic, which sent the state’s employment trust into insolvency, according to The Los Angeles Times.

The state’s debts are adding more pressure to the California budget, which
is already in disarray, paying more than $650 million in interest on the
loan already, with another $50 million due in September, according to the state’s Employment Development Department.

The state has resorted to hiking payroll taxes paid by employers and
increasing a surcharge on both state and federal payroll taxes to cover
the difference and pay off debts.

The unemployment rate remains high in California, measuring at 5.3% in February, the highest out of all U.S. states, according to the Bureau of
Labor Statistics.

The huge debt accompanies a $73 billion budget deficit that the state is expected to run in fiscal year 2024, following a projected $24 billion
decline in tax revenue as people flee the state. California Gov. Gavin
Newsom and the state legislature have so far only proposed $17.3 billion
in budget cuts, despite the state’s constitution requiring a balanced
budget.

The state accounts for 20% of the U.S.’ jobless claims, far greater than
the 11% share that California holds in the nation’s labor force, according
to the LA Times. Californians receiving unemployment payments also only
get 28% of the average wage in the state, which is lower than the national average, and stay on benefits for significantly longer.

California’s economy has increasingly struggled over the past few years as regulations, high taxes and poor governance dampen business activities.
The number of jobs in the state increased by 82,000 in the last year, as
of February, but added 61,100 government positions, and rampant retail
theft in big cities has raised costs and discouraged business operations.

Many states borrowed money from the federal government during the COVID-19 pandemic to pay for unemployment benefits, with California in particular
seeing its unemployment rate jump to 14.8%, the LA Times reported. Every
other state, excluding New York and California, has paid off its loans.

The California governor’s office did not immediately respond to a request
to comment from the Daily Caller News Foundation.

https://dailycaller.com/2024/04/18/california-debts-unemployment-benefits- budget-deficit/

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

XPost: alt.politics.economics, alt.fan.rush-limbaugh, talk.politics.guns
XPost: sac.politics

California is billions of dollars in debt to the federal government to pay >for its unemployment insurance trust at a time when the state's expenses
far exceed its income.

Boo Hoo. Trump added $3 trillion to the debt almost instantly and proved
that rightists are borrow and spend idiots.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

XPost: alt.politics.economics, alt.fan.rush-limbaugh, talk.politics.guns
XPost: sac.politics

On Sun, 21 Apr 2024 20:35:26 -0400
Governor Swill <governor.swill@gmail.com> wrote:

LOCK HIM UP!

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Poor Phil Hendry/tRudy Canoza, he wanted all the notoriety the late Art
Bell had in the fringe radio market, but everyone hated him for his manipulative voice-overs of characters that existed only in his
tortured mind.

In essence tRudy used Phil's functional mental illness as a proxy for
his own decrepit schizophrenia and MPD.

Bit of a case of life imitating art, this one is...

Well sheeitburgers from Suckramento...here he goes again!

It's another tRudy sock up:

From: "F. Georg McDuffee" <gmcguffee@mcgoofy-associates.us>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com



From: Eunice Wunderlich <some_whore@starkville.cemetery.con>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: Clarence Callahan <doooood@jeanerette.la>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: Robert Youngdale <another.jaques@idiot>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com



From: Wayne Autrey <another.loser@terrells.pals>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: Eunice Wunderlich <some_whore@starkville.cemetery.con>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: Don Shepler <wieber.associate@shitbags.united>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: "T. Howard Pines, Jr." <al.lohman@kfi.com>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: Fred J McCall <fjmc_call@gmail.com>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: "Fred C. Dobbs" <treasure@sierramadre.con>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: "T. Howard Pines, Jr." <al.lohman@kfi.com>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: Mike Colangelo <air@vatican_.con>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
From: Max Boot <max.boot@lathymes.com>
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: NoBody <NoBody@nowhere.corn>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: OrigInfoJunkie <bondrock@att.net>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: Governor Swill <governor.swill@gmail.com>
X-Newsreader: Forte Agent 3.3/32.846
MIME-Version: 1.0
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com


From: "Mr. B1ack" <bykkker@dogshit~rag.nut>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com

From: Lou Bricano <lb@cap.con>
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com



MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
From: Rudy Canoza <rc.@hendrie.con>
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com



Michael A Terrell <mike.am.surreal@earthlink.nut>
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
X-Complaints-To: abuse@easynews.com
Organization: Forte - www.forteinc.com

Now tRudy, can you fire up your Gunner Asch sock too?

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)