Source: Independent Institute
by Craig Eyermann
“It’s a mistake to think the unemployment insurance fraud permitted during 2020’s pandemic has stopped imposing costs on its victims: American taxpayers. A new majority report by the US House of Representatives Committee on Oversight and Accountability highlights the official estimates of the magnitude of the fraud …. ‘the U.S. Government Accountability Office (GAO) estimates that about 11 to 15 percent of total benefits paid during the pandemic were fraudulent, totaling between $100 to $135 billion.’ … Over $32 billion of the total taken through fraud was enabled by a single bad decision made as head of the California Labor & Workforce Development Agency, which is part of the state’s Employment Development Division (EDD). This state government agency oversees the state’s unemployment insurance system and was headed by Julie Su, who has since moved on to run the US Department of Labor for the Biden-Harris administration. … California is seeking a bailout …” (09/23/24)
https://blog.independent.org/2024/09/23/pandemic-unemployment-fraud-2