Georgia to get $70 million federal loan to pay jobless benefits

Georgia will borrow $70 million from the federal government to replenish a depleted unemployment insurance fund for the remainder of the year, state Labor Commissioner Michael Thurmond announced today.

Thurmond also said unemployment insurance premiums for 15 percent of Georgia employers will rise next year by a “modest” amount because of the state’s growing jobless problem.

The state’s unemployment rate rose to 10.2 percent in November, Thurmond reported today, from a revised 10.1 percent in October.

The state’s unemployment insurance fund has only $25 million in it right now, not enough to pay next week’s benefits without tapping the federal interest-free loan. A year ago, the state had $909 million in the fund. But since then, the recession deepened and layoffs increased. Currently, 268,995 Georgians are receiving unemployment benefits.

Thurmond did not know how much money the state would need to borrow from the federal government to pay unemployment benefits next year.

In addition to these short-term measures, Thurmond said he was calling a “Georgia Jobs Summit” for Jan. 18 at the Georgia Tech Hotel and Conference Center.

“This bipartisan gathering will bring together Georgia’s best minds to develop a comprehensive, state-level strategy that will help spur economic growth and job creation,” Thurmond said.

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49 comments Add your comment

Thank Goodness!

December 17th, 2009
11:44 am

My household has been affected by this sorry excuse for an economy that Bush created. I am glad to see that the gov’t is willing to help those of us who need it. The unemployment benefits have been a matter of foreclosure or me and my family keeping our house. Because my husband is able to get unemployment we have not been late one time since he got layed off in June 2008. I appreciate it.

And before anyone says that the unemployed are just leeching off the system let me tell you this. My family just paid almost $2,000.00 in property taxes for the year of 2009. We are not a leech off the system. We are why the system is still working today. Without us being able to pay our taxes what would be the next step. Disaster for the state and the nation.

OU812

December 17th, 2009
12:44 pm

I wonder how many of these layed off Republicans will refuse the unemployment money that comes from the “big, bad” federal government? What have the Republicans in this state done for you lately? In Gwinnett, the Republican leadership just raised my taxes by 21% instead of cutting services. WTF?

JW

December 17th, 2009
1:08 pm

This is the result of Republican-controlled state government.

Sheila

December 17th, 2009
1:18 pm

Exactly. Karma is a (you know the rest). Replubicans sit up there with there nose up in the air. BUt this recession is hitting more than just “liberals”

Lance

December 17th, 2009
1:22 pm

You guys are morons!!! You just don’t get it. And you will not until the Government has control of everything. Get ready you idiots because you think the economy is bad now, just wait until the plans and careless spending this OSLAMA administration is doing right now takes effect in a year or two. Wake up MORONS!!! Every sector in the U.S. has lost jobs except one. Humm… I wonder what that could be? The Federal Government!!!

George Foreman 3:16

December 17th, 2009
1:22 pm

u can still get a grill (4ur burger not ur teeths) at target $19.95, give the gift that keeps on grillin’

Thank Goodness!

December 17th, 2009
1:28 pm

Republicans like to say less govt except and more freedom:

Religion: you must be a Chrsitian
Healthcare: a woman has not right to choose
Taxes: tax cuts for the wealthy, the poor you’re on your own

No to socialism except for big corps to big to fail, but capitailism for the rest of us.

They can never say again they are for the little people. They vote against unemployment extensions, vote against healthcare.

What the hell are they for?

Thank Goodness!

December 17th, 2009
1:30 pm

Lance: Did you feel this way when Bush started this mess? The job losses under the last full year of Bush is equal to the jobloss since Obama has been in office the last 11 months.

As long as your freedoms are taken in the name of the military and national security that OK. But when people need help paying their bills that we can not afford. Wow! Makes perfect sense.

Thank Goodness!

December 17th, 2009
1:32 pm

And Lance thanks for the name calling. Everyone likes to be called a moron when they are just wanting to have an honest debate about the state of our nation. Good JOb. The GOP’s finest.

bb=-

December 17th, 2009
1:47 pm

u blame politicians for the economy, but then u head to walmart or family dollar to buy the chinese made junk that basically drove americans into the vast pool of blighted economies. talk about being penny wise pound foolish.

Lance

December 17th, 2009
1:56 pm

Re: Thank Goodness! You’re right! I should not have named called. And I apologize for that. Seriously, I do. But come on folks, wake up! I would be more than willing to debate anyone of you about Capitalisim vs. Socialism. Look at Canada for God sakes! Look at their healthcare system. They have a lottery to get put on a Doctors list. Why do all of the Prime Ministers and higher rank people from other countries come to America to get surgerys done? Because America has the best Doctors and best innovations year after year. This healthcare package is supposed to cover everyone. And it still doesn’t come close. I can’t wait until 3 or 4 years go by and non of you can “blame it all on Bush” Use common sense folks. I am really passionate about America and sometimes I get carried away and I aplogize for that but I’m telling you folks, mark my words. After all these new taxes on everything kicks in(Ie: even a soda can tax) Seriously??? In even 2 0r 3 years, you won’t know what hit you.

J.Dawg

December 17th, 2009
1:57 pm

We all share a responsbilty in the state of this economy. Fingerpointing will do us no good we must bring back the american sprit. And faith in God and rebuild our economy. ;-)

Jami

December 17th, 2009
1:59 pm

I agree that if United States companies were not outsourcing to CHINA, and other foreign countries ( China being the primary one) we would have manufacturing and call center jobs for many of our jobless here. It is rare that I see a clothing or household item made in America and I search in vain to purchase items that are NOT made overseas but it is nearly impossible! Many “high end” stores have their clothing made in CHINA! I am a 25yo college graduate who is on unemployment since September. If finding a job was difficult one year ago, it is terrible now. Though it’s less than half of what I was paid at my previous job, I am grateful for employment.

Lance

December 17th, 2009
1:59 pm

Another thing… Why is everyhting such a rush to get done??? Let me guess why. Because right now, Democrats have 60 votes in the house and they can pass anything regardless. Think of your kids and thier futures guys. I feel so sorry for them.

partner then unemployed

December 17th, 2009
2:25 pm

Lance, I can debate you because you can admit when you are wrong. I don’t totally agree with you, but I do agree with us selling out to other countries. We are pointing fingers and complaining,but we all have the answers. Lets put pressure on our politicians who have sold us out for small group of elites called executives… They have sold out the USA with all the outsourcing and that what Obama should have been working on first taking away the tax credits to the companies who are shipping our jobs oversea China, India and Middle East and we are worried about US security they have all of our personal information. Insurance co, banks and other industries that required personal information and many of the companies are setting up processing center….how do I know because India was introduced to us as our partners, but now I am unemployed and they are working with your ss #, address, income and other important information needed to evaluate you account…we are worried about terrorism attack on our border,but they can attack us from their countries with our personal information.

Elliot Garcia

December 17th, 2009
2:41 pm

If Obama would stop worrying about helping out labor unions and giving everybody “free” health insurance, maybe the unemployment picture would not be so bad. Thanks for nothing Obama!!

Pamela

December 17th, 2009
2:59 pm

My prayer is for everyone to become gainfully employed before their benifits run out. God is good. Pray to Him and He will answer your prayers.

HANNAH39

December 17th, 2009
3:01 pm

The unemployment picture is more complex than just blaming the president. We are sending jobs overseas and becoming a service-based nation. There are a great many factors contributing to unemployment, but we will see it worsen if we don’t do anything. That does go back to the politician’s jobs.None of them are doing a good job fixing the problem.I have a master’s degree in engineering and I have been out of work since April. Hopefully someone will figure this out before the United States just goes down the tubes.

The Truth

December 17th, 2009
3:04 pm

This country was built on christian principles, but it seems our Congress and courts are determined to take that away as a foundation of this democracy. I am far from a religous Zealot by a long shot, but when we lose this aspect of our life, we will lose much more. In God we trust will be a memory unless we all realize what this country has become with those beliefs. Taken away, and we will have a socialist, muslim or whatever society with very few freedoms as we know them today. Our grandchildren will suffer greatly.
The next election will rid us of many of these inept politicians, interested only in their own desires. New blood is needed. Unfortunately, freedom of the press prevents many from seeking office. Wake up – please!

Thank Goodness!

December 17th, 2009
3:06 pm

Lance: I appreciate your honestly. I can agree with you that we have the best doctors. But we do NOT have the best system. Look at our rank compared to the rest of the world. We pay the most per capita for insurance but our system is ranked 37. You can call it socialised medicine or whatever but what we have now does not work. I am not willing to continue to have the status quo. The insurance companies are the enemy. My insurance just went up again this year. I pay $600 per month for me and my huband. Plus I have to pay 10% of any procedures. Are you kidding me? 1/3 of my pay goes for insurance but when I need it I can use it. Tell me how that is fair? Tell me why you are on the side of the insurance company? What have they done for you lately? We need single payer and we need it now.

Thank Goodness!

December 17th, 2009
3:10 pm

The Truth: Your comments were anything but. This country was founded on freedom of religion. Thomas Jefferson himself one of the pioneers of the constitution was a non religious man. So please dont go there that this country was founded on Christian princles. IT WAS NOT! It is freedom of religion for all and yes that includes Islam.

Libiterian

December 17th, 2009
3:10 pm

I do not support either the Dems or the Reps. With that said lets face some truths. The reason we are in this economic mess is that Liberal Dems like Frank and Dodd pushed the bankers to loan money to people who could not afford to pay it back. They said, you loan the money and the Feds, Frannie May and Freddic Mack will buy the loans. The Feds said loan to anyone who has a heart beat. So the banks did and the Govt bought the notes. Then the failure to pay started and the whole economy went south. If the Feds would have satyed out of it the Banks would have never made the loans and things would be fine.

Bush did do more spending than necessary but Obama seems to not have learned a thing. Obama has tripled the spending that Bush did in eight years in his first year. Can’t blame Bush for Obamas positions.

Someone stated that they pais #2000 in property tax. I do not know if this person has a child in school or not but the fact is it cost about $9000 per year per child. So your 2 grand is a lot but not nearly enough to cover your debt if you have a child in public school.

Yes the Fed is sending GA 70 million to pay unemployment but guess what, you get to pay that back at some point. The Feds just keep getting in deeper and deeper. We need for unemployement to end and for people to start seeking jobs.

Do this comment help the US job market: (Thank Obama for this one. At least Bush said no to this sort of thing.) And I am afraid this is just the tip of the spending. If we are broke where is Obama getting this money from?

“Danish hosts revived climate talks on Thursday and Washington backed a $100 billion fund to aid poor countries as world leaders gathered on the eve of a U.N. deadline to reach a deal to slow global warming.” A big thanks to President Obama for representing the world first and the USA second.

Thank Goodness!

December 17th, 2009
3:11 pm

HANNAH: Good point! We need to only buy made in America, starting with cards and toys. If we are so proud to be Americans why dont we show it by only using things made in the good old US of A.

Fed Up

December 17th, 2009
3:13 pm

I think these discussions are a pointless. The fact of the matter is that our government has failed us. It is not the Republican party or the Democratic party; it is the government. Our founding fathers established this government as a revolt against a government that did not serve their interests. This one does not serve ours. It is bought and paid for by big business. The TARP bailout is proof of that. I say that if the federal, state, and local governments don’t care about their constituents, we should do away with the whole mess and start from scratch. And, by the way, my ancestors fought in the American revolution, so don’t call me unpatriotic.

Libiterian

December 17th, 2009
3:13 pm

The reason the US is outsourcing is that we can not compete with a Country that has no EPA, OSHA, Attorneys looking to sue everyone, paying workers 1/10 of what we have to pay, etc. Its not the companies, its the Federal Na d State government regulations that force factories overseas.

Can we all band to gather and start blaming the Govt and not the Corporations for all this mess?

Unemployed Professional

December 17th, 2009
3:32 pm

Hannah is right on with her comments. I am also a professional and have been out of work since May. I’m just thankful to still be receiving UI benefits, because it has made the difference between my family having a little Christmas vs. NO Christmas this year.

Elliot Garcia

December 17th, 2009
3:38 pm

Obama thinks that going green is going to create jobs. How many average Americans reading this are ready to drop $10k on some solar panels for your house? anyone? Bueller??

Get Serious About Life

December 17th, 2009
4:07 pm

To Libiterian: People need unemployment while they seek jobs. No one is exempt in this economy from being affected. You are lucky if you have a job, but a lot of us have lost jobs through no fault of our own, where the company had to close its doors. Where would we be without unemployment??? Be thankful and mindful of other people’s situation, because anyone’s situation could change at any time!!!!.

Ben Franklin

December 17th, 2009
4:20 pm

Georgia employers pay state and federal unemployment benefits. It’s not like its coming from our other pocket. Government just spends our money in ways that generally piss us off. Anyone for term limits ?

Vonnie

December 17th, 2009
4:25 pm

Don’t be so selfish. Why begrudge the unemployed the benefits they receive. Put yourself in their shoes. Remember, they too had a job at one point or they would not be eligible to draw the benefits. Sure, some may abuse but I believe the vast majority are putting the money to good use.

Lance

December 17th, 2009
4:25 pm

Thank Goodness: This country wasn’t founded on Christain pinciples? Where did In God we Trust come from? That has been on currency from the beginning. The Constitution is: God, You/Us(We the people) and then Government. Thats it! And now God is trying to be taken out of schools and the Pledge of Alligence? REALLY?? That is absurd. It’s happening right before our eyes. Removing God, then next instead of “We the People”, which is supposed to decide the government is being flip flopped with Government and then Government before the people. This is not how the for fathers wrote the Constitution. The Government is and never has been intended to be before “We the people”. I’m not big on any Government period. Do my values and beliefs fall more towards the Republican party? Yes they do. But I agree with alot of the comments on here by others. Republicans and Democrats are not protecting America and it’s best interest. And shame on both parties for failing to do that! But we are wittnessing a complete overhaul of the American system. OBAMA is sprinting to get every new bill approved and passed as soon as he can before the next election comes up. Why the sudden rush?? Because Democrats hold 60 seats. It’s clear as day. This is not how America has become and still is the greatest nation on earth for now. No other President has been so close to Socialism as OBAMA in history. We are in serious trouble. I feel for those of you that are unemployed. My heart goes out to you and your families.

Ann Nichols

December 17th, 2009
4:36 pm

I take nothing away from those who draw umployment, But there isn’t any help for those who lost their jobs and can’t draw and can’t find any type of job, no even flipping a burger (over qualified)

Ann

December 17th, 2009
4:36 pm

Enter your comments here

LAURA

December 17th, 2009
4:45 pm

Lance, You are right on the money.

Mr. Thomas Anthony Jones, SR (Waf-SS, ret.)

December 17th, 2009
4:53 pm

The state needs to increase the Experience Rate (Tax Rate) for all employers in the state. This depression will last through the Spring pf 2010 and we will have to repay the federal Government for these loans. And never again should we reduce the Experience rate. Instaed we should build up a big cash reserve for the nest Depression down the road.

Libiterian

December 17th, 2009
5:03 pm

I do agree with paying unemployment. I have family who draws from that pool. But it can not go on forever.

I hope we learn a lesson from all this, but I doubt we will. We are too selfish. We keep voting in “our” guy or gal because we like them but all the rest are losers. The problem is the system must change. We need term limits. The current voting system does not work. We all say, we can vote them out wheever we want to. But the problem is if we can keep “our” guy in there longer than the other persons guy we can get more goodies so that forces us to keep voting in loser. Look at Sen Bryd, the guys does not even know what day it is but he, somehow, is the most powerful man in the Senate and his State gets the money. They do not care about Bryd, they care about the money.

The Founding Fathers warned us not to have professional politicians but we have lost our way. The elected offcials want us to fight with each other so we forget about them.

I ask one question to prove my point…….How can Congress have a 15% approval rating yet 95% of all incumbent win re- election? Anyone?

Libiterian

December 17th, 2009
5:12 pm

I have a proposal. Lets put in a rule that the Gov. can only spend 75% of the taxes collected each year. I think that would solve the whole mess. Anyone disagree? If not, I’m running for President on that one promise. Send your $50 donation to PO Box 2012, Dream Land USA

Arthur Blank

December 17th, 2009
6:32 pm

OSama Bin Bama could have took that 787 Billion stimulus slush fund and used it to pay off every single mortgage and every single credit card debt in the entire US of A. We could have all started over fresh. Think about it. How bad could the economy be then?

The Dogfighter Returns

December 17th, 2009
6:50 pm

folks I hate to remind you, however, Congress runs the country. The President is just a cheerleader. The president can veto a bill, however, the COngress can override a veto.

Congress runs America. :) :)

Money drives the country.

Libiterian

December 17th, 2009
8:13 pm

What, no comments on my one simple proposal to save the United States?

Match

December 17th, 2009
8:37 pm

I love it when all these advertising men, PR men and their friends get on here and volley back and forth over the net. Your not fooling anyone anymore. Your day is done. People are tired of your little goof ball game.

Likita Rucker

December 17th, 2009
9:23 pm

I believe that we should put our trust in God and not man and we will be already.

Elliot Garcia

December 18th, 2009
6:27 am

Hey Match, lay off the sauce!

Crash

December 18th, 2009
7:22 am

Looks like someone else is brighter than these waffle hut rejects. Nice to see. The problem with the people that get on and post main stream drivel. They just can’t figure out. That first off all people really don’t talk like this in their daily lives. Second off the only place real people see this drivel is on the news that the very stale waffle hut rejects write. Not to mention the stale ads, stale pr material etc.

Then they see a wonderful column. Like this one. Where He actually lets people have their say. It just drives them insane. Knowing we can actually communicate without being totally censored.

You know how you can identify these people? They’re the ones with the goofy Santa and cruddy, Christmas decorations on their houses. No thanks. I’m not buying your over priced merchandise.

Debby

December 21st, 2009
9:11 am

If the ‘Health Care bill’ and the increase in UI tax as well as the increase in materials.
This equals loss of jobs not increase in jobs. Face it 2010 will be the real change send the message vote the ones in power now out! and replace them all. The jobs mean wages and health care.
Wages and health care mean no need to wait for 4 years paying for something you do not.
Sending gives growth and more jobs with less need for government. RUN YOUR LIFE VOTE THESE IN POWER OUT! GET YOUR LIFE AND JOBS BACK . Become the NEW CHOOSE YOUR OWN LIFE grow up!, the government can not run their lives but will run your if you do not vote this disaster of power out. I have no race or color issue, If that is all you have as to why this is getting worse, you need someone to run your life you are clueless.

DJT

December 21st, 2009
2:38 pm

Unemployment Insurance was one of the safety nets created during the Great Depression. Neither Republicans nor Democrats are against it. No one in these times is thought of as a leech for being unemployed and collecting unemployment insurance.

The one to watch out for is this health care reform. When huge payoffs have to be paid to get votes, it is a sure sign that this is a bad bill. If it does pass, then lots of members of the House and Senate will not be there after the 2010 election. I expect many will win just on the rallying cry of repealing this bill.

Libiterian

December 21st, 2009
6:40 pm

“When huge payoffs have to be paid to get votes, it is a sure sign that this is a bad bill”

The Bill was introduced on Sat morning and then voted on Sat nite. These bafoons never even read the Bill!!!!! Everyone that voted Yes should be voted out!!!!!!

Sal Paradise

December 21st, 2009
8:14 pm

One small way to raise additional tax revenue would be to hire a full time English and grammar tutor for “Thank Goodness!”. And why are you “why the system is working today.”? If your husband hasn’t worked this year, where did you get the money to pay your property taxes? You are nothing more than a conduit for the Federal government to subsidize your county. What buffoon.

anderson king

December 31st, 2009
4:28 pm

I less my job and i need help.