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

Jump to content

Toggle shoutbox NYJETSFAN BANTER

JETS SUPER BOWL THIS WEEKEND
MikeGangGree... Icon : (16 December 2014 - 02:24 PM) Rex will end his last game in metlife with a bang
santana Icon : (16 December 2014 - 02:44 PM) bang bang!
azjetfan Icon : (16 December 2014 - 03:25 PM) You know Rex will dial up some crazy packages for Brady. He probably has that D-line all riled up already.
santana Icon : (16 December 2014 - 03:44 PM) Riled up to get Fired up
azjetfan Icon : (16 December 2014 - 04:19 PM) Connor Cook from MI State is projected to go in the middle of the first round.
Mr_Jet Icon : (16 December 2014 - 04:48 PM) Cook is not ready for the NFL.
santana Icon : (16 December 2014 - 04:50 PM) Lol cook??
Mr_Jet Icon : (16 December 2014 - 04:54 PM) I think very highly of Connor Cook. But if he is projected to go in the first round of the 2015 draft, this is going to be a very weak draft.
HarlemHxC814 Icon : (16 December 2014 - 05:02 PM) Connor Cook is going back to school..
santana Icon : (16 December 2014 - 05:52 PM) Lol school??
azjetfan Icon : (16 December 2014 - 06:31 PM) I don't know anything about him but he was projected by two different mock drafts to go to the Texans
Jetsfan0099 Icon : (16 December 2014 - 08:20 PM) Woody Johnson favorited a tweet about firing Idzik lol
jetfan4life12 Icon : (Yesterday, 02:15 AM) woody better fire that ass clown if he wants fans to attend games next season. He messed the whole thing up by hiring a GM without letting him choose the coach. He likely was told no by the top 20 candidates and stuck himself with is dick
Jetsfan0099 Icon : (Yesterday, 09:18 AM) yup, I don't trust Idzik to make good use of our top draft pick or sign quality FAs. Or hire our next HC
Jetsfan0099 Icon : (Yesterday, 09:18 AM) I want a new GM and HC
HarlemHxC814 Icon : (Yesterday, 09:54 AM) Should I go Vincent Jackson or Jarvis Landry as my WR3?
Jetsfan115 Icon : (Yesterday, 11:13 AM) i'd go landry
Jetsman05 Icon : (Yesterday, 11:40 AM) The opposite of what Mr Jet thinks about it.
santana Icon : (Yesterday, 01:03 PM) Top Bantz by 05
santana Icon : (Yesterday, 01:03 PM) http://www.gfycat.co...ousAlaskanhusky
MikeGangGree... Icon : (Yesterday, 02:13 PM) 'Fire Idzik' banner returns for Jets
santana Icon : (Yesterday, 04:23 PM) jets fans are loony. shoutbox is clear evidence of that.
HarlemHxC814 Icon : (Yesterday, 04:28 PM) Nah Jets fans are all level headed individuals
Jetsman05 Icon : (Yesterday, 04:40 PM) Zzzzz
santana Icon : (Yesterday, 04:44 PM) i agree very level headed
santana Icon : (Yesterday, 04:44 PM) ILL KILL YOU ILL KILL ALL OF YOU I AAM THE TABLE!!!!
Chaos Icon : (Yesterday, 06:30 PM) @RapSheet: Sources: #Michigan has made another run at Jim Harbaugh after he initially rebuffed the school. U-M has made an offer of 6 years, $48M. Wow.
Chaos Icon : (Yesterday, 06:33 PM) @AdamSchefter: Stunner from Chicago: Bears starting QB Jimmy Clausen this week, per source.
Chaos Icon : (Yesterday, 06:33 PM) LOL
santana Icon : (Yesterday, 06:34 PM) cutler to jets confirmed!
MikeGangGree... Icon : (Yesterday, 06:36 PM) Cutler?? WOOOOOO
santana Icon : (Yesterday, 06:39 PM) 49ers gotta whip out that check book
santana Icon : (Yesterday, 06:40 PM) jets resign rex for 2 more years and get cutler
santana Icon : (Yesterday, 07:26 PM) http://cdn.ksk.uprox...ing-650x487.png
santana Icon : (Today, 03:19 PM) holy shit thrilling match up tonight
2JBallar01 Icon : (Today, 04:13 PM) Does it matter who wins tonight? Draft pick wise for the Jets?
Jetsfan0099 Icon : (Today, 04:16 PM) Probably not. We probably want to draft above the Titans though if that is possible, they are a team that could use a QB. The Jaguars just drafted Blake Bortles, doubt they go first round QB 2 years in a row
santana Icon : (Today, 04:29 PM) so titans win is best win
Jetsfan0099 Icon : (Today, 05:52 PM) DRAFT WINSTON
Jetsfan0099 Icon : (Today, 05:52 PM) FIRE IDZIK
2JBallar01 Icon : (Today, 07:05 PM) I'm leaning towards wanting to draft Cooper or oline with the first pick. have a good line and or relceiver core and try and sign Bradford or trade for Cutler to play QB. And have Geno as back up for us.
2JBallar01 Icon : (Today, 07:06 PM) Not sure if Winston can be a franchise QB. Even Mariota has question marks.
ganggreen2003 Icon : (Today, 08:25 PM) That is why we need to draft Cooper at WR and then later in the draft go and get Petty
santana Icon : (Today, 09:44 PM) clipboard jesus lead the way
santana Icon : (Today, 09:48 PM) I miss leon
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: 3,032
  • 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: 4,291
  • 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: 3,032
  • 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: 4,291
  • 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: 3,032
  • 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: 4,291
  • 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: 3,032
  • 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 online   santana Icon

  • I'm batman
  • Icon
  • Group: Admin
  • Posts: 7,888
  • 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: 3,032
  • 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