NC Owes Fed $3 Billion For Unemployment Benefits

From the Charlotte Observer:
“Lew Ebert, CEO of the North Carolina Chamber, stopped by the Observer editorial board Wednesday to talk about it. Ebert said the unemployment debt — not taxes, not regulations — was the single biggest cloud hovering over the state’s economy. Those other issues can’t really be tackled until state leaders deal with the debt, he said.

Ignoring it, Ebert said, is actually a tax hike, because the federal penalty on businesses keeps accruing — to the tune of $400 million this year, he said.”

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17 thoughts on “NC Owes Fed $3 Billion For Unemployment Benefits

    • I was using it referring to out in the boondocks. Actually it referred to a hostile a place in Vietnam and once I was almost stranded in such an area. My car lights went out in the middle of the night way out in the country on a road with no traffic and after curfew. I thought I would have to abandon the car and get far away to hide until dawn, but everything worked out.

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