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Amerika is Toast: Labor Dept. to Stop Layoffs by Giving States $100 Million to Subsidize Payrolls

By Penny Starr, CNS News:

The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck.

The “work-sharing” program was passed as part of a Republican-led bill in the House, H.R. 3630, and Senate Amendment 1465 to extend the payroll tax deduction and unemployment benefits. In February 2012, President Barack Obama signed the bill into law, which included the $100 million in funding.

“Establishing or expanding work-sharing programs nationwide will help business owners better weather hard economic times by temporarily reducing their labor costs while still keeping their existing skilled employees,” Labor Secretary Hilda L. Solis said in the press release announcing the grants. “This program is a win-win for businesses and employees alike.”

Read More @ CNSnews.com

3 comments to Amerika is Toast: Labor Dept. to Stop Layoffs by Giving States $100 Million to Subsidize Payrolls

  • David Liberty

    They are printing, printing and printing. No revolution in sight it seems. Keeping the bellies of people full of GMO. Ha! What a system!!!

  • Kimo

    I couldn’t have stated it any better. Just another form of QE without saying it.

  • bubba

    we want to keep you all happy and you bellies full until you vote for our side in the upcoming election…

    the right/left madness for votes that don’t matter…just enough to keep most from searching for and seeing the truth…and taking the easy way out.

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