Friday, December 21, 2007

How does this work?


The state of Ohio's unemployment fund is going broke.

What I don't get is how a fund that takes in 1.05 billion and pays out 1.07 billion is about to go bust (HT daily bellweather). What the hell do they invest these funds in, a Spear's Girl Chastity fund?

Look at the blue curve on this schedule... where the hell is the money going?

Once again, I'm not as smart as a "journalist" but it occurs to me that if you are taking in about the same amount that you're spending, how does your fund go broke?

Maybe a question one of those journalist types can ask.

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