Government overpaid $14 billion in unemployment benefits

Discussion in 'Economy' started by chanel, Jul 9, 2012.

  1. chanel
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    chanel Silver Member

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    Government overpaid $14 billion in unemployment benefits - Yahoo! Finance

    $14 Billion here. $14 billion there. Pretty soon you are talking about a lot of money. :mad:

    11% error rate? Just wait for Obamacare.
     
  2. TakeAStepBack
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    TakeAStepBack Gold Member

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    Is there really any surprise?

    But hey! Lets have them run our healthcare too!

    People will never learn that govt. programs like these will always be filled with fraud, abuse, misallocation and corruption.

    It's the case in UEI, medicare, medicaid, SS and a hos tof other govt. entitlement programs.


    but really, whats a few billion in error when we're already 16 trillion in error with absolutely no signs of ever getting out of it? I say, spend away. Spend this bitch into the ground adn bust the federal govt. and the FRN completely. Then the decentralization of power will occur. one way or the other.
     
  3. uscitizen
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    uscitizen Senior Member

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    Hmm an 11% overpayment rate. Seems like the privatized portion of Meidcare, Medicare Advantage costs the taxpayers 14% more than standard Medicare does.
    Yes a horrible thing.
     
  4. TakeAStepBack
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    TakeAStepBack Gold Member

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    It's easy to be wasteful when you have no skin in the game. Govt. has no skin of its own, therefore it is lofty in approach.
     
  5. chanel
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    chanel Silver Member

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    Exactly. Auditing is not a priority when there is an endless flow of other people's money.

    And my crystal ball tells me that 11% is just what they know about. How many scammers are working under the table and collecting? Another 11%?
     

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