Unemployment Fraud in the Billions!

An inspector general report at the Labor Department estimates nearly eighty-seven billion dollars of unemployment insurance fraud this past year. With today’s Americans for Limited Government Minute, I’m Catherine Mortensen. This is one of the greatest financial swindles of all time. And instead of heads rolling in Washington, the politicians yawn – and even ask for MORE money for the program. CNBC recently investigated the fraud and was told by a senior policy advisor at the Department of Labor: “Fraud has gotten so big…What we’re seeing now is really terrifying.” The labor department’s response is to offer two-hundred and forty million dollars in grants to state governments to fight this fraud. Much of the early fraud had been concentrated around a federal program for the self-employed and others that let applicants self-certify their eligibility for benefits. That feature helped deliver aid more quickly but opened the door to criminals looking to exploit the system. The federal government’s unemployment bonus programs is slated to end September sixth. For more check us out at the Daily Torch.com.

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