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More Government Waste: More Than $3 Billion In Unemployment Fraud

April 29, 2013 by  

There has been a great deal of breathless media coverage of the “devastating” impact of government spending cuts taking place due to sequestration. Meanwhile, instance upon instance of government fraud, abuse and waste—much of which could have been easily corrected to offset the impact of cuts—continue to crop up with little media ado.

One of the latest examples comes in the form of a report out from the St. Louis Federal Reserve, which points out that the Federal government paid out nearly $3.3 billion in fraudulent unemployment claims in 2011:

The unemployment insurance program in the U.S. offers benefits to workers if they lose their jobs through no fault of their own. In 2011, this program cost $108 billion, of which nearly $3.3 billion was spent on overpayments due to fraud.

…The dominant form of unemployment insurance fraud, however, is what’s called concealed earnings fraud. This fraud occurs when individuals collect unemployment benefits while they are employed and are earning wages. The overpayments due to concealed earnings accounted for almost $2.2 billion in 2011, two-thirds of the total overpayments due to all categories of fraud.

Some other examples of government waste that should make you think twice about how serious cuts to government spending really are:

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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