That "Rainy Day Fund" is dripping with blood:
A 2013 state law cut both the size and duration of unemployment benefits in North Carolina. Lawmakers said they made the change because the trust fund that pays for the program had a $2 billion deficit.
The fund has recovered and had $3.17 billion in the bank as of December, but that was a result of “a radical reduction in the generosity of your program to the claimants,” said Wayne Vroman of The Urban Institute, a Washington-based economic think tank that studied the state’s unemployment insurance program.
That's actually a $5 billion dollar swing, generated on the backs of those already struggling to survive. Five billion that would have been almost exclusively injected back into the economy, helping untold others laboring on the margins. More depressing and infuriating numbers:
http://ift.tt/2nUXFbu
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