implode-explode.com - Implosion News Pick-ups: Virginia Borrows $1.26 billion To Pay Unemployment Benefits; Detroit Loses $400 Million on $800 Million of Bonds; Detroit's Easy Solution

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Relevant: 25 State Unemployment Funds Bankrupt; Credit Card Defaults at Record Levels; Look on the Bright Side 500,000 Will Exhaust Unemployment Benefits by September, 1.5 Million by Year-end Unemployment Insurance Tracker Detroit's Unemployment Nears 50% Fla. Unemployment Borrowing May Top $1 Billion	Virginia Borrows $1.26 billion To Pay Unemployment Benefits; Detroit Loses $400 Million on $800 Million of Bonds; Detroit's Easy Solution 2009-12-01 — blogspot.com "Virginia is robbing Peter to pay Paul because it is plain flat out broke. Bankrupt is probably a better word. To pay unemployment benefits, Virginia will borrow $1.26 billion and pay it back plus interest by jacking up unemployment taxes." read original article \| permalink to this page \| discuss \| \| RSS \| Subscribe by email! Comments: Be the first to add a comment add a comment \| go to forum thread

Virginia Borrows $1.26 billion To Pay Unemployment Benefits; Detroit Loses $400 Million on $800 Million of Bonds; Detroit's Easy Solution