339 - AND HOPE AND CHANGE RIDES HIGH

So Governor Tomblin is asking the Legislature to loan 60 million bucks to the Workers Compensation fund from the Rainy Day Fund.

Huh?  Did I hear that right?

Aint the Workers Compensation in West Virginia covered by private insurance now?  Ever since the state government funded Brick Street, a private corporation, fully funded b y the state of West Virginia at start-up?

And we now have about five or six private insurance companies handling Workers Compensation payments?

Then why in all good billy hell would the state still be involved in any monetary way?

I know I aint the quickest rat in the pack, but what am I missing?  I've been out of the world of business for a few years, but it seems to me that the state would hold only a supervisory position in Workers Comp now, the same way every other state that privatized Workers Comp is.

And a couple of  months ago it seems I heard that Brick Street was doing great.

Now, change topic, but not--what does Tomblin mean a "loan"?  I have never heard of a government making a 'loan' like this that was ever repaid.  The federal boys have never paid back all that Social Security money they 'loaned" to fund Medicare.  The federal boys have no intention of repaying Medicare for the $750 billion they "loaned" Obamacare.

So when does Tomblin expect to repay the Rainy Day Fund for this "loan"?  Hell, he will be out of office before the first payment comes due.  Why should he worry about it?

The answer is, he doesn't.  Only the taxpayers will.  Just like with the loan to Obamacare.  That president will be out of office, too, before anyone wises up and poses the same question to him.

Wonder what pet program will get the "loan" from Obamacare?