- cross-posted to:
- politics
- cross-posted to:
- politics
"he said he vetoed this bill because the fund the state uses to pay unemployment benefits will be nearly $20 billion in debt by the end of the year.
The fund the state uses to pay unemployment benefits is already more than $18 billion in debt. That’s because the fund ran out of money and had to borrow from the federal government during the pandemic, when Newsom ordered most businesses to close and caused a massive spike in unemployment. The fund was also beset by massive amounts of fraud that cost the state billions of dollars."
The reasoning and background, if anyone is curious
The fund ran out of money. What a fucking mess. How can a state simultaneously have the richest companies in the world and not be able to fund basic social support systems?
Because the state serves the richest companies not the people. Why else would California's corporate tax be lower than their income tax?
How is this world news? Doesn't America have enough news communities?