Mainecat Posted October 29, 2021 Share Posted October 29, 2021 Feds bail out Texas after years of insolvent-level unemployment taxing Source: Texas Public Radio Texas, a state that hates federal involvement so much that in addition to suing federal officials on a near-monthly basis, it built its own (faulty) power grid, is now taking a massive federal bailout for unemployment. Texas House Speaker Dade Phelan and Lt. Gov. Dan Patrick announced last week they would put $7.2 billion from the Biden administration’s American Recovery Plan Act into paying back billions in loans the state took out from the U.S. Treasury — shifting the tax burden intended to be borne by Texas employers to taxpayers nationwide. The state unemployment rates skyrocketed last spring because of the pandemic, climbing to nearly 13%. The state’s anemic coffers were quickly drained, and it began taking federal government loans. Then the federal government added additional monies on top through pandemic assistance for the unemployed. State and federal unemployment payments were more than $51 billion in Texas since the pandemic began. The plan is to erase the state’s $5.9 billion in Title XII (unemployment) loans and add more than a billion to the unemployment trust fund. This nixes additional interest payments and allows the legislature and the Texas Workforce Commission — who oversees unemployment — to continue to avoid tough decisions about taxing appropriately. It allows the state legislature to continue on its business-friendly course, now at the expense of every other state. Read more: https://www.tpr.org/business/2021-10-29/feds-bail-out-texas-after-years-of-insolvent-level-unemployment-taxing Quote Link to comment Share on other sites More sharing options...
Zambroski Posted October 29, 2021 Share Posted October 29, 2021 Dummy. Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted October 29, 2021 Share Posted October 29, 2021 Poor MCLiar, https://www.sacbee.com/news/california/article249893083.html California could get $151 billion in new federal aid from the economic relief plan just signed by President Joe Biden, while an estimated $43 billion remains unspent from last year’s aid packages. The new funding will help pay for vaccination sites, community health centers, schools and colleges, child care providers, help for lower income people with utility bills and more. But critics contend a lot of the money contained in the $1.9 trillion package was unnecessary. Read more at: https://www.sacbee.com/news/california/article249893083.html#storylink=cpy Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted October 29, 2021 Platinum Contributing Member Share Posted October 29, 2021 Once Texas finally turns blue these stories will magically go away Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted October 29, 2021 Share Posted October 29, 2021 Blue State Wastes $20 Billion On Unemployment Fraud, Pays Out $810 Million To Prisoners, Death Row Inmates. State officials revealed Monday during an oversight hearing that of the $20 billion in fraud, at least $810 million worth of benefits were given to people in prison, including several convicted killers on death row, according to KCAL 9. Other fraudulent claims came from prison guards, U.S. Postal Service workers, and even criminals in other countries, according to the report. https://dailycaller.com/2021/10/28/blue-state-wastes-20-billion-on-unemployment-fraud-pays-out-810-million-to-prisoners-death-row-inmates/?fbclid=IwAR0S3VA9nrDPSpyvBKz_UurzGroLfQ-zJ2yNx-0uRWNiXgNQw8ZQVOQECHY Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 29, 2021 Author Share Posted October 29, 2021 43 minutes ago, Sleepr2 said: Poor MCLiar, https://www.sacbee.com/news/california/article249893083.html California could get $151 billion in new federal aid from the economic relief plan just signed by President Joe Biden, while an estimated $43 billion remains unspent from last year’s aid packages. The new funding will help pay for vaccination sites, community health centers, schools and colleges, child care providers, help for lower income people with utility bills and more. But critics contend a lot of the money contained in the $1.9 trillion package was unnecessary. Read more at: https://www.sacbee.com/news/california/article249893083.html#storylink=cpy California is not a red state you fuckin moron. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 29, 2021 Author Share Posted October 29, 2021 Texas relies on the nations taxpayers to fix their fucks up from their antiquated power grid to the money the state stole from their own unemployment fund. But hey their knuckledraggers in congress vote no on all the bills from the stimulus bill to today’s build better infrastructure bills. See a pattern you fuckin moron republicans here? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted October 29, 2021 Share Posted October 29, 2021 7 minutes ago, Mainecat said: Texas relies on the nations taxpayers to fix their fucks up from their antiquated power grid to the money the state stole from their own unemployment fund. But hey their knuckledraggers in congress vote no on all the bills from the stimulus bill to today’s build better infrastructure bills. See a pattern you fuckin moron republicans here? You stupid fuck. Unreal. 1 Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted October 29, 2021 Share Posted October 29, 2021 29 minutes ago, Mainecat said: California is not a red state you fuckin moron. You’re whining about 7 billion while ignoring 150 billion. Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 29, 2021 Share Posted October 29, 2021 Ignorance on full display. Please, show me a dem run state or rep run state that ever turns down federal money. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted October 29, 2021 Platinum Contributing Member Share Posted October 29, 2021 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted October 30, 2021 Share Posted October 30, 2021 12 hours ago, Mainecat said: Feds bail out Texas after years of insolvent-level unemployment taxing Source: Texas Public Radio Texas, a state that hates federal involvement so much that in addition to suing federal officials on a near-monthly basis, it built its own (faulty) power grid, is now taking a massive federal bailout for unemployment. Texas House Speaker Dade Phelan and Lt. Gov. Dan Patrick announced last week they would put $7.2 billion from the Biden administration’s American Recovery Plan Act into paying back billions in loans the state took out from the U.S. Treasury — shifting the tax burden intended to be borne by Texas employers to taxpayers nationwide. The state unemployment rates skyrocketed last spring because of the pandemic, climbing to nearly 13%. The state’s anemic coffers were quickly drained, and it began taking federal government loans. Then the federal government added additional monies on top through pandemic assistance for the unemployed. State and federal unemployment payments were more than $51 billion in Texas since the pandemic began. The plan is to erase the state’s $5.9 billion in Title XII (unemployment) loans and add more than a billion to the unemployment trust fund. This nixes additional interest payments and allows the legislature and the Texas Workforce Commission — who oversees unemployment — to continue to avoid tough decisions about taxing appropriately. It allows the state legislature to continue on its business-friendly course, now at the expense of every other state. Read more: https://www.tpr.org/business/2021-10-29/feds-bail-out-texas-after-years-of-insolvent-level-unemployment-taxing You love you some redistribution. You fight for it . I on the other hand think your govenment redistributing money to any state or entity or person or group that did not pay it in is a crime . But not as big a crime as collecting that money in the first place Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted October 30, 2021 Share Posted October 30, 2021 10 hours ago, racer254 said: Ignorance on full display. Please, show me a dem run state or rep run state that ever turns down federal money. Why should they there people pay it in . Again the fed should not be collecting and redistributing. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted October 30, 2021 Share Posted October 30, 2021 11 hours ago, Sleepr2 said: Poor MCLiar, https://www.sacbee.com/news/california/article249893083.html California could get $151 billion in new federal aid from the economic relief plan just signed by President Joe Biden, while an estimated $43 billion remains unspent from last year’s aid packages. The new funding will help pay for vaccination sites, community health centers, schools and colleges, child care providers, help for lower income people with utility bills and more. But critics contend a lot of the money contained in the $1.9 trillion package was unnecessary. Read more at: https://www.sacbee.com/news/california/article249893083.html#storylink=cpy So @Mainecat what say you about CA and there 194billion in 2 yrs of redistributed printed money we have to pay interest on Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 30, 2021 Share Posted October 30, 2021 Don't mess with tExAs.. Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted October 30, 2021 Gold Member Share Posted October 30, 2021 3 minutes ago, ActionfigureJoe said: Don't mess with tExAs.. I hope you dont ever intend to drive your pedo Van to Texas talking like that.....What a pathetic queef you are. Quote Link to comment Share on other sites More sharing options...
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