![You probably thought that payments such as unemployment benefits were provided via some sort of trust fund, right? After all, the government commands under the muzzle of a gun that you contribute to this program, and government officials are so bright, capable, and selfless, correct?
Think again.
Florida has borrowed $45 million to pay the unemployed and officials estimate that it will borrow $1.2 billion by the end of the year for such payments.
Florida is the 19th state to borrow money to keep unemployment benefits flowing after the trust fund ran dry.
There is no trust. There is no fund. It’s just more theft present (taxes) and theft future (debt and/or inflation).
It’s often hard for the victim to admit to being conned. Think again.
HT Robert Wenzel
[photo source]](http://spinner.cofc.edu/~coral/cousteau/Senate/graphics/Florida.jpg)
You probably thought that payments such as unemployment benefits were provided via some sort of trust fund, right? After all, the government commands under the muzzle of a gun that you contribute to this program, and government officials are so bright, capable, and selfless, correct?
Think again.
Florida has borrowed $45 million to pay the unemployed and officials estimate that it will borrow $1.2 billion by the end of the year for such payments.
Florida is the 19th state to borrow money to keep unemployment benefits flowing after the trust fund ran dry.
There is no trust. There is no fund. It’s just more theft present (taxes) and theft future (debt and/or inflation).
It’s often hard for the victim to admit to being conned. Think again.
[photo source]
