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Washington Post reports: States’ jobless funds are being drained in recession

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The recession’s jobless toll is draining unemployment-compensation funds so fast that according to federal projections, 40 state programs will go broke within two years and need $90 billion in loans to keep issuing the benefit checks. The shortfalls are putting pressure on governments to either raise taxes or shrink the aid payments. The shortfalls are putting pressure on governments to either raise taxes or shrink the aid payments.

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Categories: General News