Unemployment welfare is rapidly becoming the largest entitlement behind the big three expenditures for the federal government. We’ve been spending upwards of $150 billion per year on UI benefits since Obama took office, far more than what is collected from the payroll taxes that supposedly purvey this program. Now this:
Overpayments are a rampant problem in the unemployment insurance system. The federal government and states overpaid an estimated $14 billion in benefits in fiscal 2011, or roughly 11% of all the jobless benefits paid out, according to reports from the U.S. Labor Department.
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