21 January 2009
New York State Unemployment Insurance Goes Broke
They are now cutting checks on emergency loans from the federal government.
We will see more of this.
Note that New York state has among the most meager unemployment benefits in the region.
Additionally, the insurance rates charged, and the salary based used, are among the lowest in the region too, which means that the finances are precarious in the best of times.
With Democrats holding both houses now, this needs to change, and income taxes on higher earners should go up too.
And while we are at it, a Texas Style redistricting, since the NY state 'Phants gerrymandered themselves into a State Senate majority for the past 30 or so years. (Seeing as how Dems hold a 26-3 lead in the House of Representatives, that can slide until the next census)
We will see more of this.
Note that New York state has among the most meager unemployment benefits in the region.
Additionally, the insurance rates charged, and the salary based used, are among the lowest in the region too, which means that the finances are precarious in the best of times.
With Democrats holding both houses now, this needs to change, and income taxes on higher earners should go up too.
And while we are at it, a Texas Style redistricting, since the NY state 'Phants gerrymandered themselves into a State Senate majority for the past 30 or so years. (Seeing as how Dems hold a 26-3 lead in the House of Representatives, that can slide until the next census)
Labels:
Budget
,
employment
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