Below is a link to a report that says 32 states have borrowed from the federal government to make unemployment payments. Following are some initial impressions that only an actuary (or other number oriented, critically thinking persons) would note:
Twelve of these states have borrowed $1 billion or more. 11 out of those 12 states are “blue states” – CA, FL, IL, IN, MI, NJ, NY, NC, OH, PA, WI. Only one of those 12 states is a “red state” – Texas.
Out of the $37.8 billion that all of the states have borrowed to cover unemployment in total, 87% of that debt has been borrowed by “blue states” and 13% has been borrowed by “red states”.
BHO’s “home state” (whatever that means these days, but I mean it here as a former U.S. Senator from IL who helped create the mess we’re in) Illinois came in 6th on the list at $2.2 billion, behind such progressive states as CA, MI, NY, PA and OH (#’s 1-5).
If you take the total amount of borrowings for each blue state and divide it by their aggregate populations, you’ll find that “blue states” have borrowed $172.47 per capita. If you do the same for the “red states”, you’ll find that “red states” have borrowed $70.62 per capita.
These progressives really know how to get IT done. The questions that the sheeple have to wake up to are “What exactly is IT?” and “When are we gonna stop them?”
http://www.economicpolicyjournal.com/2010/05/32-states-have-borrowed-from-treasury.html