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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » COLORADO UNEMPLOYMENT TRUST FUND IS OUT OF MONEY 5-21-2010

COLORADO UNEMPLOYMENT TRUST FUND IS OUT OF MONEY 5-21-2010


This is what happens when bankrupt state’s have to borrow until infinity to keep it’s citizens from rioting. executees.net DENVER – The state’s Unemployment Trust Fund has run out of money forcing the Colorado Department of Labor to borrow more than $250 million in federal funds to keep paying thousands of people who are out of work. Because of the swell of unemployment claims during the recession, the Colorado Department of Labor says its unemployment fund has reached insolvency. As of May 11, the state has borrowed $254 million in federal funds to continue to pay benefits to people who are unemployed.

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4 Responses to "COLORADO UNEMPLOYMENT TRUST FUND IS OUT OF MONEY 5-21-2010"

  1. nottinmatterz2day says:
    gay. if they let the crisis happen now we can learn and fix things and get over it not delay and increase the problem for later, so sad
  2. stonerj0e says:
    they will never become solvent . ever …
  3. tyronebiggums3 says:
    .
    Print, print, print, beeeyatches!!!
    .
    Austerity and enslavement… CHANGE.
    .
  4. odin422 says:
    ………..

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