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Monday, March 9, 2009

Increasing benefits will increase debt


If Wisconsin Gov. Jim Doyle chooses to expand unemployment eligibility and adopts two of the four federally recommended changes, the state would receive $89 million in funding from the federal stimulus bill. Wisconsin already took out a $400 million loan from the federal government to keep its unemployment fund afloat and with unemployment on the rise, Wisconsin federal debt is spinning out of control. Doyle has also increased business taxes as an attempt to level the budget, but increased business taxes force employers to lay off workers, who then turn to unemployment.

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