Illuzzi statement lays out reasons for fixing UI Trust Fund now

first_imgVermont’s Unemployment Insurance Trust Fund has been operating in a deficit since January. The federal government is lending the state money – at zero percent – since that time. Estimates are that before the economy recovers and the UI fund begins to recover on its own as fewer and fewer people file unemployment claims, the UI fund deficit could reach $300 million or more. While the federal government ensures that unemployment compensation is paid, there is also no guarantee that the federal government will continue to loan states money interest free.Everyone in Montpelier agrees that the UI Trust Fund is in the red now because it was underfunded for many years when the economy was doing well. Once the recession hit, the fund was quickly drained. But not everyone agrees on how to fix the problem. There is some consensus that employers will have to pitch in more and that beneficiaries will have to receive less. But that notion is not universal. Given the difficult time legislators are having trying to balance the General Fund budget, they have had a difficult time also securing a solution to the UI fund deficit. State Senator Vince Illuzzi, chairman of the Economic Development, Housing & General Affairs Committee, is urging action this legislative session before the situation gets worse.Statement Of Senator Vince IlluzziUnemployment Insurance Trust FundPress ConferenceThursday, April 15, 2010One of the most important issues that must be resolved before the General Assembly adjourns is fixing the bankrupt Unemployment Insurance Trust Fund.It’s a priority for the 23,800 employers who support the system. If we fail to act, Vermont employers will face additional and otherwise unnecessary penalty payroll taxes.It’s a priority for all Vermonters who depend on state programs and services. If we as a state are forced by inaction to spend even more money to pay interest on the additional money we must borrow from the federal government, that means we will need to further cut state programs and services or raise taxes. Both options are unacceptable.Every legislator and the Governor need to ensure that this issue is addressed this year in a meaningful and substantive way. We can’t afford to kick the can down the road for a second year in a row.If the General Fund was expected to be in the red to the tune of $284 million, there would be alarm bells going off all over the place. A crisis mentality would set in. The same alarms should be going off with regarding to the UI trust fund.Any time you have any state program expected to run almost $300 million in the red – in this case regarding a state program that is already bankrupt – it’s clear that immediate action is warranted on the part of all the key players. We have a crisis in the Unemployment Insurance Trust Fund.The businesses that are represented by the organizations whose leaders are with me today are prepared to step up to the plate and do their part to fix the problem. They know that paying more now will avoid paying even more later.My committee has made the first volley on this issue in the form of S. 290, a bill that is tough on everyone. Like any bill that is introduced, it’s a starting point with a few controversial provisions. There’s something in that bill for everyone to hate.Since the time that this press conference was planned earlier this week, I understand a meeting is now scheduled between the Governor, the Speaker and the President Pro Tem. That’s positive news, and I hope the next step in moving this issue forward in a meaningful way toward a substantive resolution in the next few weeks.Thank you.Source: State Senator Illuzzi, R-Essex-Orleans.-30-last_img read more


Bešić for the British Media: Bosnia and Herzegovina is in my Heart

first_imgMuhamed Bešić, the B&H national team’s player is an established name in the FC  Everton. Our mid-fielder plays better every day. He spoke about his carrier, plans and his unusual football path for the British Express.When the former selector Safet Sušić red Bešić’s name and said that he is the only one who can stop Leo Messi, a lot of people did not believe it. Everton’s player considers the call for the WC in Brazil was an extremely important detail in his carrier.“Going to Brazil was very important to me. If I had not left to the World Championship, I probably wouldn’t be here today. Maybe I would have played in Switzerland. Basel was interested in me before the WC. After Brazil, clubs from Italy, England, Germany and Spain contacted me but I wanted to go to Everton.” – said Bešić and went back to his beginnings:“I started to train when I was 8 years old. I was playmaking at first but six years later I became stopper.He is especially well known by its duels with Messi…“It’s hard to win against me in a duel ‘one to one’. It was good against Messi but the fact he scored a goal is related to his quality. I did not exchange jerseys with him after the match because I care more about my Bosnian jersey. I keep every jersey of the national team I have because they have a special value to me.” – revealed Bešić.Bešić was born and grew up in Germany but he decided to play for B&H.“I had a choice: to play for Germany or B&H. My heart said to me that it’s the right decision. Bosnia and Herzegovina is in my heart. My parents didn’t influence my decision in any way. Most of the players in the team had the same situation. All of them are men with strong characters.” – said BešićAlthough he is satisfied with his achievements in the new club so far, he still believes he can do much better.“The fans saw only 50 % of what I can do. The real values and possibilities will be seen next spring. I have the strength and the energy but I need a little more time to advance even more. The game is so fast here. Sometimes I have a feeling that I’m surrounded by ten players in one second, and they all want to take the ball away from me. I believe I could do better if I was a stopper. Also, the style of playing is somewhat different here. I’m still getting used to it. Lately I have been going to the gym more often because I need to strengthen my muscle mass more.” – said Bešić.(Source: Oslobođenje)last_img read more