NYJetsFan.com Forums: The Wages Of Unemployment Fraud: $3.3 Billion - NYJetsFan.com Forums

Jump to content

Toggle shoutbox NYJETSFAN BANTER

The long off season looms
Jetsfan0099 Icon : (03 February 2016 - 09:59 AM) Kaepernick apparently wants out of SF and wants to join the Jets
Jetsfan0099 Icon : (03 February 2016 - 09:59 AM) Guess he sees the Jets as a team with a great WR tandem and a quality OC who builds a offense around the players
MikeGangGree... Icon : (03 February 2016 - 10:29 AM) No thanks
MikeGangGree... Icon : (03 February 2016 - 10:29 AM) Unless he's dirt cheap
MikeGangGree... Icon : (03 February 2016 - 10:30 AM) The jets would be fools to take on that contract
Jetsfan115 Icon : (03 February 2016 - 02:09 PM) keep powell, snakcs, wilkerson, and fitz. let ivory walk, trade richardson, cut cromartie, restructure brick
Jetsfan0099 Icon : (03 February 2016 - 04:18 PM) Marshall said no to Kaepnerick, he wants FItzpatrick as his QB
vjdbbq Icon : (04 February 2016 - 12:07 PM) Where's Rob ? I need some ass shots !!!!!
MikeGangGree... Icon : (07 February 2016 - 04:16 PM) its crazy how dead this site is
MikeGangGree... Icon : (07 February 2016 - 04:16 PM) its super bowl Sunday!!
vjdbbq Icon : (07 February 2016 - 04:47 PM) Everybody is at Rob's house ; checking out the asses !!!!!
Smedsthejet Icon : (07 February 2016 - 05:17 PM) Hope Cotchery gets a ring tonight
santana Icon : (07 February 2016 - 07:04 PM) Yeah I would rather see a panther win
santana Icon : (07 February 2016 - 07:25 PM) Zzzz
Jetsfan0099 Icon : (07 February 2016 - 09:03 PM) I want to see Manning go out on top
vjdbbq Icon : (07 February 2016 - 11:03 PM) Jerricho got screwed on the call in the first quarter but he dropped a few later on .
vjdbbq Icon : (07 February 2016 - 11:04 PM) Screw Manning and his chicken parm .
MikeGangGree... Icon : (07 February 2016 - 11:29 PM) We need a pass rushing LB!! Look at Denver.
MikeGangGree... Icon : (07 February 2016 - 11:30 PM) Nothing against manning but he wasn't good at all this year and gives me hope that we can reach a super bowl with Fitzpatrick
Jetsfan0099 Icon : (08 February 2016 - 06:42 AM) Denver has two future HOF edge rushers with Miller and Ware.
ganggreen2003 Icon : (08 February 2016 - 08:01 PM) NO to kapergimmick
Jetsfan0099 Icon : (12 February 2016 - 11:37 AM) Yes to Kaepernick, he'd be great here!
MikeGangGree... Icon : (Yesterday, 03:28 PM) I cant stop thinking what are we going to do about Wilk
MikeGangGree... Icon : (Yesterday, 03:30 PM) right now we sit about 9 mill under the cap. we save 8 mil after we cut Cro
MikeGangGree... Icon : (Yesterday, 03:31 PM) I cant see us keeping Cro when we have Williams. Also we save 0 by cutting Milliner his 4 mil would just be dead money so we might not cut him
MikeGangGree... Icon : (Yesterday, 03:32 PM) so after we cut Cro we are 17 Million under the cap
MikeGangGree... Icon : (Yesterday, 03:32 PM) If we cut Brick we save another 9
MikeGangGree... Icon : (Yesterday, 03:35 PM) Mangold is owed 8.5 mil
MikeGangGree... Icon : (Yesterday, 03:35 PM) Maybe we redo Brick and Mangold deals to free up some room
MikeGangGree... Icon : (Yesterday, 03:37 PM) I just don't see us paying brick 14 mil next season. not when he wasn't good last season. so if we cut Brick and Cro we are 26 Mil under the cap
MikeGangGree... Icon : (Yesterday, 03:38 PM) Kerley and Cumberland save us 3 mil total
MikeGangGree... Icon : (Yesterday, 03:38 PM) that would be 29 Mil
MikeGangGree... Icon : (Yesterday, 03:40 PM) breno giacomini Saves us another 4 mil
MikeGangGree... Icon : (Yesterday, 03:40 PM) that's would be 33 mil under the cap
MikeGangGree... Icon : (Yesterday, 03:41 PM) Maybe we redo Bricks deal and move him to RT?
MikeGangGree... Icon : (Yesterday, 03:41 PM) idk....just saying
MikeGangGree... Icon : (Yesterday, 03:42 PM) I really think we need Snacks more than we need Wilk.... I'm not in no way saying hes better than Wilk
MikeGangGree... Icon : (Yesterday, 03:42 PM) We have Rich and Williams if we lose Wilk
MikeGangGree... Icon : (Yesterday, 03:43 PM) Before everyone starts saying "Mike wants us to trade Wilk" I want to say that I think we should keep the guy
MikeGangGree... Icon : (Yesterday, 03:44 PM) But if we are going to lose Wilk we better Tag and Trade him
MikeGangGree... Icon : (Yesterday, 03:44 PM) DO not let us lose him and get nothing back
MikeGangGree... Icon : (Yesterday, 03:46 PM) So if we trade Wilk we get a 1st rounder[at least] and we can Take a LT and a OLB in the 1st round.... Not sure who is out there to draft yet
MikeGangGree... Icon : (Yesterday, 03:47 PM) And maybe move Brick to RTA
MikeGangGree... Icon : (Yesterday, 03:47 PM) RT
MikeGangGree... Icon : (Today, 02:46 PM) Somebody talk to me about this!!
Resize Shouts Area

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

The Wages Of Unemployment Fraud: $3.3 Billion Bogus claims are costing the government dearly. In 2011, the biggest c

#1 User is offline   azjetfan Icon

  • D Coordinator
  • Icon
  • Group: Members
  • Posts: 3,185
  • Joined: 30-March 05
  • Gender:Male
  • Location:Cheese Land Baby
  • Interests:Football, golf, banking and home improvements

  • NFL Team:

Posted 30 April 2013 - 02:04 PM

http://money.msn.com...82-bc403779bda7

Quote

The wages of fraud have been calculated, and the figure is a whopper: The government overpaid $3.3 billion in unemployment insurance benefits in 2011 because of bogus claims.





Most of that fraud -- $2.2 billion of it -- was linked to people who concealed that they continued to work, according to the Federal Reserve Bank of St. Louis.




The findings raise questions about the program's efficacy, at a time when many workers continue to struggle in a still-recovering job market. Although the fraud represents a small percentage of the total $108 billion in unemployment benefits paid out in 2011, it nevertheless undermines the program's goals and perhaps takes away from those who are qualified for the payments.




About $500 million of fraudulently claimed money went to workers earning at least $900 per week, or $46,800 per year, the St. Louis Fed noted. Fraudulent claims for those earning less than $300 per week cost the program a far smaller amount, about $210 million.




The reason for the disparity is simply that high earners receive bigger unemployment checks, because workers receive benefits that represent a portion of their earnings, the study said.




Despite that, more low-earners committed fraud, according to the bank. Almost half of the concealed-earnings fraud (unemployment claims from people still receiving wages) was committed among people earning $300 to $600 per week. That's annual income of $15,600 to $31,200.




With the recession and a tough job market, unemployment fraud has come under scrutiny, although the St. Louis Fed didn't note whether the cheating is on the rise or has diminished. But The Wall Street Journal notes that the cost of the fraud likely declined in 2012, given that total spending on jobless benefits fell to $84 billion last year.




Several high-profile cases of alleged fraud have recently come to light. In January, federal prosecutors alleged a fictitious employer scheme defrauded the government of $5 million, with fake employers laying off fictitious employees, who then filed for benefits.




And the Illinois Department of Employment Security last Monday said it was cracking down on unemployment fraud. It alleges that five Chicago-area residents claimed unemployment benefits, even though they were still working, costing the program $159,000.




The program has also come under fire for providing benefits to millionaires, with the government spending $29.9 million in jobless payments to million-dollar earners in 2010, as I wrote earlier this month for MSN moneyNOW. That represented a 44% jump from the previous year. With Wall Street companies such as JPMorgan Chase (JPM +0.02%) cutting thousands of jobs during the past few years, it raises the possibility that some of those million-dollar earners are bankers or brokers.




While several bills have been introduced that would limit jobless benefits for workers with high incomes, the proposals haven't gone anywhere.


Follow Aimee Picchi on Twitter at @aimeepicchi.

More on moneyNOW

Posted Image
0

#2 User is offline   Mr_Jet Icon

  • Assistant Head Coach
  • Icon
  • Group: Members
  • Posts: 4,330
  • Joined: 31-March 05
  • Gender:Male
  • Location:Earth

  • NFL Team:

Posted 30 April 2013 - 04:13 PM

I'm outraged!!! Those f***ing 3% of lazy bums need to be shot in the hea........have their benefits cut off.

View PostMr_Jet, on 10 September 2011 - 06:49 PM, said:

actually most of the people who commit welfare fraud are guess what...employed. People who are working full time or working two jobs and don't report it to DHS are the ones that are committing most of the fraud, and hell welfare cheats are still a small percentage of the overall total of people on gov't assistance. I see people with jobs cheat the system a lot more than I see unemployed people cheating the system.



:saythat:

View PostFlyHiJets, on 01 June 2013 - 08:35 PM, said:

You're the scumbag that thinks everyone should kiss the as$es of a bunch of criminals but I'm a dumbass. Yeah okay douchebag. Go give some illegal wetback or Revis another blowjob. But then again.....don't you live in an entirely different country but yet think you can tell us how to live? Go fvck yourself little boy. You're likely still living with mommy & daddy. Pu$$y.


View Postazjetfan, on 02 July 2014 - 03:36 PM, said:

There are a few things I have realized about Mr. Jet over a few topics.

1) He is a racist. By constantly using race as a battling tool.
2) He is an extreme Liberal. If you are on either extreme you are probabaly more wrong than right.
3) He is one of those people who will never admit fault, error or defeat.
4)His life sucks and he takes it out on people who don't share in his views.
0

#3 User is offline   azjetfan Icon

  • D Coordinator
  • Icon
  • Group: Members
  • Posts: 3,185
  • Joined: 30-March 05
  • Gender:Male
  • Location:Cheese Land Baby
  • Interests:Football, golf, banking and home improvements

  • NFL Team:

Posted 30 April 2013 - 07:50 PM

View PostMr_Jet, on 30 April 2013 - 04:13 PM, said:

I'm outraged!!! Those f***ing 3% of lazy bums need to be shot in the hea........have their benefits cut off.




:saythat:/>

And by benefit you mean........
Posted Image
0

#4 User is offline   Mr_Jet Icon

  • Assistant Head Coach
  • Icon
  • Group: Members
  • Posts: 4,330
  • Joined: 31-March 05
  • Gender:Male
  • Location:Earth

  • NFL Team:

Posted 30 April 2013 - 08:25 PM

View Postazjetfan, on 30 April 2013 - 08:50 PM, said:

And by benefit you mean........



The unemployment insurance/government assistance that is benefiting them. Or at least did in 2011.

View PostFlyHiJets, on 01 June 2013 - 08:35 PM, said:

You're the scumbag that thinks everyone should kiss the as$es of a bunch of criminals but I'm a dumbass. Yeah okay douchebag. Go give some illegal wetback or Revis another blowjob. But then again.....don't you live in an entirely different country but yet think you can tell us how to live? Go fvck yourself little boy. You're likely still living with mommy & daddy. Pu$$y.


View Postazjetfan, on 02 July 2014 - 03:36 PM, said:

There are a few things I have realized about Mr. Jet over a few topics.

1) He is a racist. By constantly using race as a battling tool.
2) He is an extreme Liberal. If you are on either extreme you are probabaly more wrong than right.
3) He is one of those people who will never admit fault, error or defeat.
4)His life sucks and he takes it out on people who don't share in his views.
0

#5 User is offline   azjetfan Icon

  • D Coordinator
  • Icon
  • Group: Members
  • Posts: 3,185
  • Joined: 30-March 05
  • Gender:Male
  • Location:Cheese Land Baby
  • Interests:Football, golf, banking and home improvements

  • NFL Team:

Posted 30 April 2013 - 09:14 PM

View Postazjetfan, on 30 April 2013 - 07:50 PM, said:

And by benefit you mean........

I was referring to body part removal. Bad attempt at a joke. I will try harder
Posted Image
0

#6 User is offline   Mr_Jet Icon

  • Assistant Head Coach
  • Icon
  • Group: Members
  • Posts: 4,330
  • Joined: 31-March 05
  • Gender:Male
  • Location:Earth

  • NFL Team:

Posted 30 April 2013 - 11:29 PM

View Postazjetfan, on 30 April 2013 - 10:14 PM, said:

I was referring to body part removal. Bad attempt at a joke. I will try harder



Oh I get it now. But I fear that might give people like Michele Bachmann and Louie Gohmert ideas. I could see them going around with a machete trying to cut off the "benefits" of people on public assistance.

View PostFlyHiJets, on 01 June 2013 - 08:35 PM, said:

You're the scumbag that thinks everyone should kiss the as$es of a bunch of criminals but I'm a dumbass. Yeah okay douchebag. Go give some illegal wetback or Revis another blowjob. But then again.....don't you live in an entirely different country but yet think you can tell us how to live? Go fvck yourself little boy. You're likely still living with mommy & daddy. Pu$$y.


View Postazjetfan, on 02 July 2014 - 03:36 PM, said:

There are a few things I have realized about Mr. Jet over a few topics.

1) He is a racist. By constantly using race as a battling tool.
2) He is an extreme Liberal. If you are on either extreme you are probabaly more wrong than right.
3) He is one of those people who will never admit fault, error or defeat.
4)His life sucks and he takes it out on people who don't share in his views.
0

#7 User is offline   azjetfan Icon

  • D Coordinator
  • Icon
  • Group: Members
  • Posts: 3,185
  • Joined: 30-March 05
  • Gender:Male
  • Location:Cheese Land Baby
  • Interests:Football, golf, banking and home improvements

  • NFL Team:

Posted 01 May 2013 - 02:13 PM

View PostMr_Jet, on 30 April 2013 - 11:29 PM, said:

Oh I get it now. But I fear that might give people like Michele Bachmann and Louie Gohmert ideas. I could see them going around with a machete trying to cut off the "benefits" of people on public assistance.

I love me some Danny DeVito
Posted Image
0

#8 User is offline   santana Icon

  • I'm batman
  • Icon
  • Group: Admin
  • Posts: 7,976
  • Joined: 03-June 05
  • Gender:Male
  • Location:Washington DC
  • Interests:Keeping this place from breaking... and titties.

  • NFL Team:

  • MLB:

Posted 01 May 2013 - 02:55 PM

3.3 billion? thats it?
Nyjetsfan.com Jets Fan Forum and Chat
0

#9 User is offline   azjetfan Icon

  • D Coordinator
  • Icon
  • Group: Members
  • Posts: 3,185
  • Joined: 30-March 05
  • Gender:Male
  • Location:Cheese Land Baby
  • Interests:Football, golf, banking and home improvements

  • NFL Team:

Posted 01 May 2013 - 03:21 PM

View Postsantana, on 01 May 2013 - 02:55 PM, said:

3.3 billion? thats it?

Its only $10 a person. Roughly
Posted Image
0

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users