The lengthy recession has proved discouraging for the swelling ranks of unemployed Americans, and forced U.S. states obligated to pay them jobless benefits to pile debt on their already strained budgets.
Fifteen states have depleted their unemployment insurance funds so far, forcing them to borrow from the U.S. Treasury. A record 30 of the country’s 50 states are expected to have to borrow up to $17 billion by next year, said Rick McHugh of the National Employment Law Project, a nonpartisan advocacy group. Read More
Obama has made the recession worst with his spending spree! Obama owns this recession lock, stock and barrel now that he has been in the White House long enough to at least start a turn around on jobs! He has to be the worst president, yes worst than Carter!