But, never fear, the “experts” are convinced that we are in a sustained recovery period and all will be well:
With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans.
A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according to a report released Thursday by the National Employment Law Project. Four others are at the brink of insolvency.
One thing, though: weren’t the experts now telling us all is well once telling us that all was well, just before the crash?
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