More rosy economy news...
Quote:
It's like sipping through a straw to put out a raging fire.
The fund that Florida uses to pay unemployment benefits officially ran dry this week. A victim of underhafunding, it became overwhelmed by the prolonged recession and the pressure to meet benefit needs brought on by the state's 10.7 percent jobless rate.
A year ago, Florida's unemployment insurance trust fund sat fat and happy with $1.9 billion in its coffer. The fund dipped to $1 billion by March, $449 million by July and zilch on Monday.
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