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Kentucky Unemployment trust fund NEARLY DEPLETED!

 
Little Sparrow
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01/15/2009 06:18 PM
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Kentucky Unemployment trust fund NEARLY DEPLETED!
With only 50 million in the fund (enough for 2 weeks of pay to the unemployed), Kentucky's unemployment trust fund is nearly bust! They are asking for a LOAN to pay the unemployed. so what happens when the trust fund is depleted? Where will the unemployed go? I run a food and clothing ministry. It's getting scary out there. Take care!

[link to www.whas11.com]

State's Unemployment Insurance trust fund is running low on cash

05:42 PM EST on Thursday, January 15, 2009

WHAS11 coverage

Related Content:

Ky. paid single-month record of unemployment insurance claims in December

Help is on the way for those having trouble filing for unemployment benefits

The unemployed are fighting a frustrating battle

Tell Us: Have you experienced problems applying for unemployment benefts?

(WHAS11) - The state is seeing a huge increase in unemployment numbers.



With so many out of work, how long before unemployment funds are depleted?

Watch this story



The maximum amount that can be distributed through an unemployment check is $415 per week.



In December alone there were 88,000 new unemployment claims in Kentucky. That’s the most ever reported in a single month.



Kentucky’s unemployment insurance trust fund has shrunk from $175 million in October to only $52 million today.



That $52 million should last about two and a half weeks with the current number of people receiving benefits.



Governor Beshear says the state plans to borrow money from the federal government to keep unemployment insurance afloat, as much as $185 million a quarter.



Governor Beshear is setting up a bi-partisan task force to study ways to keep unemployment insurance in place without putting too many hardships on businesses that help fund the program.



That task force should begin work in February and will report their recommendations by July, long enough for State Legislators to make changes to the program.

Everyone who is entitled under Kentucky law to receive unemployment will continue to receive unemployment.



That won't be affected by the state's unemployment insurance trust fund shortfall.
Anonymous Coward
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01/15/2009 06:27 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
Rhode Island is right on their heels.

[link to www.projo.com]

PROVIDENCE — The state fund that pays unemployment benefits is “very likely” on the brink of insolvency and potentially unable to pay benefits past March without a $15-million loan.
Anonymous Coward
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01/15/2009 10:03 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
The Rothschilds need to be forced to pay. Confiscate all Rothschild assets. Force all tax-exempt foundations to shut down and give away all their assets. Shut down the Federal Reserve and all the banks that took our money.
Force Dov Zakheim to return the 2.3 trillion he stole. Demand that Israel repay all the billions "given" to them for sixty years.
Irdooomed

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01/15/2009 10:11 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
The Rothschilds need to be forced to pay. Confiscate all Rothschild assets. Force all tax-exempt foundations to shut down and give away all their assets. Shut down the Federal Reserve and all the banks that took our money.
Force Dov Zakheim to return the 2.3 trillion he stole. Demand that Israel repay all the billions "given" to them for sixty years.
 Quoting: Anonymous Coward 574589


You do realise that the people running tax free foundations would have bought billions in treasuries. Liquidate those treasuries and you collapse your economy.
That's assuming they haven't already paid CIA agents to inform them of what the American government intends to do.

Swiss bank accounts in America were subjected to taxation, so it stands to reason that the money in those bank accounts has since been moved to Europe or Asia. Reducing the amount of money that the Federal Reserve can print.
Holy cow! It's the woowoo patrol!
Soup du Jour
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01/15/2009 10:11 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
Ohio's is not far behind!
Anonymous Coward
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01/16/2009 10:21 AM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
just the pregame show
Little Star

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01/16/2009 10:23 AM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
The Rothschilds need to be forced to pay. Confiscate all Rothschild assets. Force all tax-exempt foundations to shut down and give away all their assets. Shut down the Federal Reserve and all the banks that took our money.
Force Dov Zakheim to return the 2.3 trillion he stole. Demand that Israel repay all the billions "given" to them for sixty years.
 Quoting: Anonymous Coward 574589

You got my vote on all of that!
Little Star

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01/16/2009 10:26 AM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
Little Sparrow how are you?

How is your food and clothing ministry doing?
Are you seeing a slow down on receiving food and clothing?

blessings!
TheLovedOne

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01/16/2009 10:58 AM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
bump Any chance for a pin mods??
TheLovedOne

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01/16/2009 11:00 AM
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bump
Anonymous Coward (OP)
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01/16/2009 11:08 AM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
Little Sparrow how are you?

How is your food and clothing ministry doing?
Are you seeing a slow down on receiving food and clothing?

blessings!
 Quoting: Little Star



Our ministry is booming. We are getting as many donations coming in as going out. It has slowed a little this week because of the cold. We are actually trying to get rid of all our children items before February 10th, then we'll start fresh, and be selective in what we receive. We don't want to be caught giving something away that might have lead in it. Crazy!

As for our food.....WOW! We have given away nearly twice as much food this month as we did last month. People are coming out of the woodwork, needing food. Everything we have is free. It is a tiny little "WalMart". We have clothes, housewares, food, toys, etc. etc. Just about anything you can think of has come thru our doors.

And how are you? Blessings to you also!
Anonymous Coward (OP)
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01/16/2009 11:09 AM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
bump
TheLovedOne

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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
bump yes its me again
Anonymous Coward
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01/16/2009 11:18 AM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
The Rothschilds need to be forced to pay. Confiscate all Rothschild assets. Force all tax-exempt foundations to shut down and give away all their assets. Shut down the Federal Reserve and all the banks that took our money.
Force Dov Zakheim to return the 2.3 trillion he stole. Demand that Israel repay all the billions "given" to them for sixty years.
 Quoting: Anonymous Coward 574589



Impossible. But, I like the way you think. Make the thieves give it back.
Anonymous Coward
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01/16/2009 11:19 AM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
Little Sparrow how are you?

How is your food and clothing ministry doing?
Are you seeing a slow down on receiving food and clothing?

blessings!



Our ministry is booming. We are getting as many donations coming in as going out. It has slowed a little this week because of the cold. We are actually trying to get rid of all our children items before February 10th, then we'll start fresh, and be selective in what we receive. We don't want to be caught giving something away that might have lead in it. Crazy!

As for our food.....WOW! We have given away nearly twice as much food this month as we did last month. People are coming out of the woodwork, needing food. Everything we have is free. It is a tiny little "WalMart". We have clothes, housewares, food, toys, etc. etc. Just about anything you can think of has come thru our doors.

And how are you? Blessings to you also!
 Quoting: Anonymous Coward 426925



OP I live in a very small town here in KY have you heard of Whitley City? Well there is no resources here at all.
Most of our people here are out of a job. The heating bills went up with RECC and alot of people wil be left out in the cold so to speak. I wish we had your services here.
We sure could use them. It is in McCreary County if that helps.
Anonymous Coward (OP)
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01/16/2009 09:08 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
I run the food and clothing ministry here in Ky. We are located in Trimble Co. Please, is there anyway you can come to us and get clothes??? We need to get rid of alot! The Lord told us to downsize, and we've been looking for a place to donate. Please contact me again. Is there a way of privacy? Can someone with a covered truck come to Trimble county???

We'd love to share what the Lord has blessed us with. God Bless you!
TX PATRIOT
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01/16/2009 09:24 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
I run the food and clothing ministry here in Ky. We are located in Trimble Co. Please, is there anyway you can come to us and get clothes??? We need to get rid of alot! The Lord told us to downsize, and we've been looking for a place to donate. Please contact me again. Is there a way of privacy? Can someone with a covered truck come to Trimble county???

We'd love to share what the Lord has blessed us with. God Bless you!
 Quoting: Anonymous Coward 426925


Little Sparrow, you warm my heart and strengthen my hope for humanity. It is community like this that will help see us all through. I hope we all return to this level of personal connection and helping one another.

I bow to your generosity, giving heart and compassion for your fellow man.

Bravo!

.
gggggggoop
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01/16/2009 09:30 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
The Rothschilds need to be forced to pay. Confiscate all Rothschild assets. Force all tax-exempt foundations to shut down and give away all their assets. Shut down the Federal Reserve and all the banks that took our money.
Force Dov Zakheim to return the 2.3 trillion he stole. Demand that Israel repay all the billions "given" to them for sixty years.
 Quoting: Anonymous Coward 574589

The rockchildren took $2.34 and spent it on three quarts of cheap malt liquor.
Confiscate their asses.
Force Doc Johnson to stop manufacturing vibrators and sex toys.
RHSC
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01/16/2009 09:39 PM
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It's like a spreading virus...

[link to www.wjtv.com]

Glitch Delays Unemployment Benefits For Mississippians

Wednesday, Jan 14, 2009 - 11:30 PM Updated: 11:49 PM
By Ross Adams

Mississippi's unemployment office is swamped with people filing for benefits. The agency is adding staff and phone lines and expanding its hours to try and keep up with the demand.

But even with all that, this week some Mississippians didn't get their unemployment checks because of a computer glitch.

Because of that glitch, 2,000 people didn't get their weekly unemployment checks.

We're told the problem's been fixed and their money should be available by the end of the week.

Unemployment benefits in the state start out at $30.00 a week and top out at $230.00.

Officials say because of the recession, more than 9,000 Mississippians applied for unemployment funds this week.

That's doubled from the same time period last year, when some 4,228 people received jobless benefits.
Godot
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01/16/2009 09:44 PM
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So this is how the are going to take down Social Security... This way they can do it state by state, sheltering the fed. Nice,
TX PATRIOT
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01/16/2009 10:10 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
It would be quite interesting for someone to conduct a state by state search for "unemployment funds" in a news search engine and consolidate the info for the bigger picture.

Unfortunately, I don't have time today, but here is a TX report:

Texas among states facing 2009 Unemployment Insurance Fund deficits
By HEATHER NOLAN
January, 9, 2009

Every day for the last few weeks, Percy Haynes has spent hours in front of a computer at Workforce Solutions South-east Texas in downtown Beaumont searching for a warehouse or refinery job.

Right before Christmas, Haynes, 33, said he lost his job at Kelly Services, a temporary staffing agency with an office in Beaumont.

"They say jobs are available, and there's ads in the newspaper, but when I go out there, they say there's nothing," he said. "Some places have told me I'm overqualified. That's something you hate to hear."

Haynes is among thousands of job-seeking people in Southeast Texas and across the country, hoping to no longer rely on the state-funded Unemployment Compensation Trust Fund for unemployment benefits.

States would like residents to find work as well, since many are facing critical shortfalls in their Unemployment Trust Fund accounts in 2009.

According to the National Conference of State Legislators, five states have Unemployment Trust Fund accounts re-serves of less than three months to cover benefits.

Another eight states have reserves of less than six months, and six states have less than a year in reserve, according to the group.

The U.S. Department of Labor recommends that states maintain a balance to sufficiently cover benefits for one year during a typical recession.

Texas Workforce Commission spokeswoman Ann Hatchitt said Texas is not in nearly as much trouble, but the state's Unemployment Compensation Trust Fund is $144 million short of what's needed to get through 2009.


Money for the trust fund comes from taxes nearly 278,000 Texas employers pay each quarter, Hatchitt said. The amount each employer pays is based on a tax rate the workforce commission sets each year, she said.

Hatchitt said the Texas Unemployment Compensation Trust Fund's balance is $1.3 billion.

The Texas Legislature requires the workforce commission to have a balance equal to 1 percent of all of taxable wages in the fund.

Hatchitt said that is estimated to be $874.6 million.

Through Oct. 1, 2009, Hatchitt said the workforce commission estimated that the trust fund balance would be $730.5 million - $144.1 million below the guideline.

Assuming those projected numbers are accurate, Hatchitt said the workforce commission would implement a deficit assessment during calendar year 2010 to make up for shortfall.

The state requires the workforce commission to add the deficit assessment to the employer tax rate when necessary, Hatchitt said.

In 2009, the workforce commission reinstated a replenishment tax, according to the commission.

The commission temporarily suspended the replenishment tax, a component of the tax rate, in 2008 because of strong economic conditions in Texas.

Employers pay the replenishment tax rate to cover unemployment claims that were not charged to a specific employer. This tax tends to rise following economic slowdowns when claims increase and businesses close.

Texas employers will pay a minimum 0.26 percent unemployment insurance tax rate - or $23.40 in tax per employee in 2009, according to a news release from the workforce commission.

The taxes finance the Unemployment Compensation Trust Fund which provides unemployment insurance for Texas workers who lose their jobs through no fault of their own, Hatchitt said.

The rate is up from 0.1 percent in 2008 - a 25 year low - and is the first increase since 2004, according to the news release.

As the state's unemployment rate rises, the workforce commission will have to dip deeper into the Unemployment Insurance fund.

From November 2007 to November 2008, the state's unemployment rate rose 1.4 percent, sending the workforce commission's insurance fund spending up more than $42 million.

The state unemployment rate in November 2008 was 5.6 percent. In that month, the Texas Workforce Commission paid $136,655,893 in regular unemployment insurance benefits, Hatchitt said. Some of those benefits were related to Hurricane Ike.

The state's unemployment rate in November 2007 was 4.2 percent, and the workforce commission paid $94,242,070 in regular unemployment benefits, Hatchitt said.

There's no way to predict what the unemployment rate in Southeast Texas will look like in 2009, but Robert Crawley, a workforce commission labor market analyst, said the rate should be seasonally affected like it is every year.

In January and February, Crawley said unemployment rates are higher because temporarily hired season workers are being let go.

Plus, he said, that is a slow time for construction activity.

In the summer months, Crawley said the unemployment rate rises again because of the number of people looking for summer jobs.

The rate declines at the end of the year because of seasonal hiring, he said.

Haynes said he's hopeful a position opens up in the near future, because he needs to be able to pay the taxes he owes on his house in Beaumont.

If he doesn't find work soon, Haynes said he may move to a bigger city, where he hopes more jobs will be available.

"I haven't given up," he said. "I'm just going to keep looking. And I'll keep praying."

[link to www.beaumontenterprise.com]


.
Doomamatrix

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01/16/2009 10:13 PM
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And so it begins...
Obamacare: Never has so much been taken away from so many for so few.
Anonymous Coward
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01/16/2009 10:51 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
I run the food and clothing ministry here in Ky. We are located in Trimble Co. Please, is there anyway you can come to us and get clothes??? We need to get rid of alot! The Lord told us to downsize, and we've been looking for a place to donate. Please contact me again. Is there a way of privacy? Can someone with a covered truck come to Trimble county???

We'd love to share what the Lord has blessed us with. God Bless you!
 Quoting: Anonymous Coward 426925



where is that? I know we have the christian care center here but last I heard they needed doantions. I dont know how to contact u. any ideals.
PhennommennonnModerator
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01/16/2009 11:08 PM

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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
dont forget pennsylvania

[link to www.associatedcontent.com]

Pennsylvania Unemployment Fund is Running Out
December 19, 2008 by Ronni Dee

Without Washington, D.C. Help, Could Be Broke by April
As the economy worsens, many people nation wide are being laid off, or having their working hours cut back, to save their company money.While we all count on state unemployment programs to get us through these hard times when we are hit with that unwanted pink slip, we never expect unemployment programs to 'go broke' or not be there for us

Days after WGAL news station announced that Pennsylvania government will hire on 300 temporary workers to help with the flood of calls coming and extend their working hours, the Republican & Herald announces that the system is running out of funds to pay those claims.

The fear is that with the amount of new claims coming in, the current claims, and the extensions to current claims under the Unemployment Compensation Extension Act of 2008, their will not be as much taken in through PA payroll taxes as there will be paid out. The result is borrowing from Washington D.C. as the state has done before in 2004.

Many questions are sure to follow this announcement. One of my own is one in the same with the question about Social Security going broke in the future. Why are the funds not 'set aside' as they are taken out of each individual's paycheck and later used to pay that same individual. As it stands currently, the funds taken in to both programs through payroll deductions, or taxes, are used to pay individuals that are collecting those benefits now. They are not put in to any type of special, individual, account to secure your future, although they are taken out of your income.

After this recession is over, we can only hope that some kind of evaluation of all Government programs will be made. Otherwise, we may be looking at even harder times in the future, or worse, our children will have no 'life line' with Social Security or Unemployment Compensation. We can not let these programs continue on their path, nor can we let them go bankrupt.

I hope, after the recent billion dollar bailouts made by the government, that there is enough money left to 'bailout' unemployment programs if the need arises.











30 states on list - cali will run out in feb


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political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
Anonymous Coward (OP)
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01/16/2009 11:09 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
I run the food and clothing ministry here in Ky. We are located in Trimble Co. Please, is there anyway you can come to us and get clothes??? We need to get rid of alot! The Lord told us to downsize, and we've been looking for a place to donate. Please contact me again. Is there a way of privacy? Can someone with a covered truck come to Trimble county???

We'd love to share what the Lord has blessed us with. God Bless you!


Little Sparrow, you warm my heart and strengthen my hope for humanity. It is community like this that will help see us all through. I hope we all return to this level of personal connection and helping one another.

I bow to your generosity, giving heart and compassion for your fellow man.

Bravo!

.
 Quoting: TX PATRIOT 586184


Thank you, but I give my Lord the glory. It is Him who leads me. I only follow. It is truly a family venture. My husband supports the ministry with his tithes. I home school, and our boys volunteer in the ministry with me.

But seriously, Americans (and the world!) We must all join together in our communities to make it thru this government generated crisis! The Lord has guided me, and perhaps He will lead many others to follow the same pattern.

I won't give you all the whole testimony because it is tremendous, so I will give the shortened version: The building was donated, and the community donates clothes. I With the aid of two other volunteers (who love and fear God), and including our boys, we sort thru the donations of clothes, housewares, pots and pans, toys, shoes, etc. Then we open the door, and everything that has been donated, goes out to the community. IT is first come, first serve. But our building is like a mini walmart. We have anything and everything.

People, go to your city meetings, tell them this needs to be done. It will help so many people in this time of great crisis. Someone, of course, will take the brunt of the work on his shoulder, and the brunt of the bills. But it is well worth it.

Once word gets out, you will get tons of donations. You won't believe the items people have in their closets, or give to goodwill, or just throw away! Why not give it away to someone who needs it?

I pray this catches on.
Anonymous Coward (OP)
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01/16/2009 11:11 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
I run the food and clothing ministry here in Ky. We are located in Trimble Co. Please, is there anyway you can come to us and get clothes??? We need to get rid of alot! The Lord told us to downsize, and we've been looking for a place to donate. Please contact me again. Is there a way of privacy? Can someone with a covered truck come to Trimble county???

We'd love to share what the Lord has blessed us with. God Bless you!



where is that? I know we have the christian care center here but last I heard they needed doantions. I dont know how to contact u. any ideals.
 Quoting: Anonymous Coward 593701



Here is my email address. [email protected] Please write me, and put Sparrow Ministries in the title. I will do what we can, and possibly deliver to you! The Lord blessed us with a two story building that is running over with donations.
BVNDY
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01/16/2009 11:12 PM
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CRACKS IN THE SYSTEM...
If its this bad NOW...
What happens when the rate hits 15 or even 26%
WHAT THEN??
Anonymous Coward (OP)
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01/16/2009 11:14 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
dont forget pennsylvania

[link to www.associatedcontent.com]

Pennsylvania Unemployment Fund is Running Out
December 19, 2008 by Ronni Dee

Without Washington, D.C. Help, Could Be Broke by April
As the economy worsens, many people nation wide are being laid off, or having their working hours cut back, to save their company money.While we all count on state unemployment programs to get us through these hard times when we are hit with that unwanted pink slip, we never expect unemployment programs to 'go broke' or not be there for us

Days after WGAL news station announced that Pennsylvania government will hire on 300 temporary workers to help with the flood of calls coming and extend their working hours, the Republican & Herald announces that the system is running out of funds to pay those claims.

The fear is that with the amount of new claims coming in, the current claims, and the extensions to current claims under the Unemployment Compensation Extension Act of 2008, their will not be as much taken in through PA payroll taxes as there will be paid out. The result is borrowing from Washington D.C. as the state has done before in 2004.

Many questions are sure to follow this announcement. One of my own is one in the same with the question about Social Security going broke in the future. Why are the funds not 'set aside' as they are taken out of each individual's paycheck and later used to pay that same individual. As it stands currently, the funds taken in to both programs through payroll deductions, or taxes, are used to pay individuals that are collecting those benefits now. They are not put in to any type of special, individual, account to secure your future, although they are taken out of your income.

After this recession is over, we can only hope that some kind of evaluation of all Government programs will be made. Otherwise, we may be looking at even harder times in the future, or worse, our children will have no 'life line' with Social Security or Unemployment Compensation. We can not let these programs continue on their path, nor can we let them go bankrupt.

I hope, after the recent billion dollar bailouts made by the government, that there is enough money left to 'bailout' unemployment programs if the need arises.











30 states on list - cali will run out in feb

Wow. Just wow. Our country really and truly is going to fail. How can you not see the hand writing on the wall? Spend the last of your money on food, blankets.....oh my. May God help us all. Is Russia reading GLP? Do they know this, too?


[link to www.google.com]
 Quoting: Phennommennonn
Anonymous Coward
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01/16/2009 11:23 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
Tome for me to start a business and hire y'all for peanuts
Mr. PredictorModerator
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01/16/2009 11:47 PM

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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
unemployment running out ...

and this shit is going to last at least another year
"If there is a new fascism, it won't come from skinheads and punks; it will come from people who eat granola and think they know how the world should be." - Brian Eno
The Loomer
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01/16/2009 11:47 PM
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Re: Kentucky Unemployment trust fund NEARLY DEPLETED!
Dang!

Where can I buy a loom?
I think I will get a few sheep sheep and then get some clippers and then get a yarn spinner and then get a looom and make my own clothes ... Piece of cake ...





GLP