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State Unemployment Fund Almost Tapped

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State Unemployment Fund Almost Tapped

By Dan O'Donnell

MADISON - The State of Wisconsin will soon run out of money to pay unemployment benefits. So many people are filing for unemployment that the state's trust fund that pays those claims will run out of money by February, meaning people like Katherine Geiger may be out of luck. "I have a piece of bread and peanut butter a day [to eat]," she said as she waited to meet with a representative at the Waukesha County Jobs Center. "That's it." Katherine, a UC-Berkley graduate with 20 years of experience managing supply chains, lost her job in August and has unable to find work since then. "I came here this morning to apply for food stamps, and I'm only qualified for $14 a month based on what I get from unemployment," she glumly explained. Over the past few months, Wisconsin has seen a 40 percent jump in unemployment claims. "By the time October, November, and December got here, it has been a runaway train," said Wisconsin Department of Workforce Development spokesman Hal Bergan. "That is something to be concerned about." After February, the state will have to borrow money from the federal government to keep giving people their unemployment checks. And our cash-strapped state will have to pay all of that money back. "It puts a lot of pressure on our staff and the trust fund," Bergan said.