Dear Mr. Obama:
I would like to thank you for all of the jobs you created! (NOT!) Today I received a letter from the GA Department of Labor.
"As a result of record unemployment, GA's Unemployment Insurance Trust Fund was depleted to pay unemployment benefits to workers who lost their jobs. Beginning in 2009, the stat of GA was required to borrow funds from the federal government to pay unemployment benefits. The loan currently remains unpaid and GA employers are feeling the impact through an increase in the 2011 FUTA costs. The costs for GA employers will continue to increase each year until the loam balance is repaid.
The GA Dept of Labor is focused on rebuilding the Trust Fund to protect against future insolvency and avoiding further borrowing from the federal government. The loan balance, with accrued interest, must be paid as quickly as possible to lessen the impact on GA employers. Immediate action must be taken to address the crisis that we now face. It is therefore necessary to increase the adjustment to the base rate, which will affect your total state unemployment tax rate."
So, lets dig into this:
The federal government bailed out many banks and mortgage lenders with federal money as well as car companies. Great! Now, my little 7 employee company must shoulder our portion of the state of GA's responsibility for its bail out? I have had 2 displaced workers in the last 2 years and both were discharged with ample cause and did not win unemployment benefits! BUT....we will still have to pay to help reduce this debt. I have not seen the huge show of support for small businesses. Try to go get a small business loan these days and there is no support for growth there either.
I don't have a solution. I am like many others, stuck here to complain about it. I do think, if we made a fair tax, some of the issues would resolve. You buy a new car, you pay. You buy a McDonald's happy meal, you pay. Illegals and legals will all be even. People milking the system will have to pay back into it. Reduce the length of benefits to people. You are out of work, any job is better than no job! It might be below you to wash dishes, but if it brings in money, DO IT!
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