According to latimes “In his veto message, Newsom said expanding benefits would make the state’s unemployment trust fund “vulnerable to insolvency.” California’s unemployment fund already is projected to be nearly $20 billion in debt”
From what I read that’s largely due to the pandemic and fraud. Business closures and layoffs meant a record number of applications. Since the state couldn’t pay for all of it it had to borrow from the federal government.
Can’t say I blame him for not wanting to add to that debt but at the same time would unemployment benefits for, let’s say a month, really have of added that much to that debt? I haven’t run the math and I definitely can’t tell how many would be eligible but it really does seem like it would be a drop in the bucket
According to latimes “In his veto message, Newsom said expanding benefits would make the state’s unemployment trust fund “vulnerable to insolvency.” California’s unemployment fund already is projected to be nearly $20 billion in debt”
From what I read that’s largely due to the pandemic and fraud. Business closures and layoffs meant a record number of applications. Since the state couldn’t pay for all of it it had to borrow from the federal government.
Can’t say I blame him for not wanting to add to that debt but at the same time would unemployment benefits for, let’s say a month, really have of added that much to that debt? I haven’t run the math and I definitely can’t tell how many would be eligible but it really does seem like it would be a drop in the bucket
It’s to strengthen the unions’ hand and prevent businesses from trying something knowing that there is unemployment benefits for strikers
I am worried that Hollywood may try to pull something now or back off the deal