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Liberty Rising! North Carolina Becomes First State To DROP Federal Jobless Funds

Liberty Rising! North Carolina Becomes First State To DROP Federal Jobless Funds

CBS Charlotte
June 28, 2013 | 7:00AM

RALEIGH, N.C. (AP) — With changes to its unemployment law taking effect this weekend, North Carolina not only is cutting benefits for those who file new claims, it will become the first state disqualified from a federal compensation program for the long-term jobless.

State officials adopted the package of benefit cuts and increased taxes for businesses in February, a plan designed to accelerate repayment of a $2.5 billion federal debt. Like many states, North Carolina had racked up the debt by borrowing from Washington after its unemployment fund was drained by jobless benefits during the Great Recession.

Read more: http://charlotte.cbslocal.com/2013/06/28/nc-becomes-1st-stat...

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Interesting experiment...

North Carolina pays unemployment benefits in silver coins. States can't coin money, under the United States Constitution, but individuals and the federal government can...

We can probably guess the government won't coin money, but individuals can (under the Constitution).

This experiment could create jobs.

I guess they didn't hear

you can print Bernanke Bucks.

There is nothing strange about having a bar of soap in your right pocket, it's just what's happening.