By: Thomas Buckley | California Political Review
Nearly $40 Billion Was Lost by the EDD
New federal Department of Labor figures regarding the massive looting of the nation’s unemployment insurance systems during the pandemic show that California’s improper payment figure has climbed again and is now estimated to be nearly $40 billion.
Labor Department Inspector General Larry Turner testified in front of Congress Wednesday that an estimated 21.5% of the $888 billion paid out in unemployment benefits across the country were improper. That means $191 billion dollars were lost to fraud and other more typical bureaucratic incompetencies.
What that means for California is that nearly $40 billion – or about $1,000 per state resident – was lost in the wind.
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