Friday, August 17, 2012

Obama administration gives $100 million to states to keep them from laying off workers

Besides fudging the books when it comes to reporting the actual unemploymnet numbers, the next best thing appears to be subsidizing agencies to keep them from laying off workers.  This is exactly what the Obama administration is doing through the Labor Department when on Aug. 15, $100 million is being given to states around the country to keep local governments from letting go of workers they can't afford due to diminishing tax revenues.


The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck. - CNSNews

The irony of course is that after trillions of dollars in taxpayer stimulus, and low interest rates to banks who won't lend to small businesses, the government is relegated to printing money to give to the states to keep the unemployment rates from rising before an election cycle.

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