ILL-inois does not have enough money to pay for all unemployment claims

The Prairie State has been run into the ground by Boss Michael Madigan, who the chairman of the Illinois Democratic Party and statehouse speaker for 35 of the last 37 years.

ILL-inois has no reserve fund--but plenty of cash for public-sector retiree pensions.

Of course when an emergency hit the state is woefully unprepared.

From CBS Chicago:

The need is overwhelming with the number of people filing for unemployment doubling by the week, and many said they are frustrated and scared – and can’t get answers.

Gov. JB Pritzker has acknowledged there is not enough money in the state’s unemployment reserves. Just last month, the U.S. Department of Labor also warned that Illinois was one of a handful of states that would not be able to handle a surge of claims on its own.

As CBS 2 Investigator Megan Hickey reported, the federal government was already worried about Illinois’ ability to pay unemployment benefits before COVID-19, along with California, Massachusetts, New York, Ohio, and Texas.

In February, the Department of Labor issued a report saying the trust fund that Illinois uses to pay unemployment benefits had the fifth-lowest solvency level in the country.

Mrs. Marathon Pundit filed for unemployment--for her first time ever--last week. A bunch of people where I worked ere laid off today.