California borrows $40M a day to pay unemployment

California borrows $40 million a day to pay unemployment…

a DAY…. every day… 40 million dollars… not to finance a war or balance the budget or find a cure for cancer. 40 million dollars, borrowed – meaning money the state does not have – to pay people for not working…

“With one in every eight workers unemployed and empty state coffers, California is borrowing billions of dollars from the federal government to pay unemployment insurance.”