Thursday, April 22, 2010

Where D'it Go?

"Stiff hike in EI premiums looming, minister says" (April 17, 2010)
In 2008, Canada had surplus Employment Insurance of 57 billion dollars! Paul Martin was largely reponsible for that. A surplus never lies around for long! Hard to tell how, but today the surplus has diminished? disappeared? been spent? and the account is deeply overdrawn. The government is warning, i.e. preparing, us that the premiums will soon be going UP!
$57 billion! That is 57 with nine zeros after it. A lot of money. ($3,800 per Canadian, every man, woman and child.) It is now, "deeply overdrawn." Where d'it go? Can every cent be accounted for by the last two year's unemployment figures? We will never know. We all paid into it, whether or not we were unfortunate enough to be unemployed. If the government ever wrote to me asking what I would like them to do with my money, I never received the letter. Come to think of it, nor did I receive an IOU. Who's the Minister of Finance - David Copperfield? Okay, now make it reappear!
http://www.montrealgazette.com/business/Stiff+hike+premiums+looming+minister+says/2917700/story.htm

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