California Insider: California Owes $55 Billion on Unemployment Benefits

Key points from the interview with Will Swain, president of the California Policy Center, about California’s $55 billion unemployment fraud scandal and challenging business environment are:

1. During the COVID-19 pandemic, the federal government sent $100 billion to California to backstop unemployment claims. About $55 billion of this was lost to fraud by criminal gangs, prisoners, and fraudsters from all over the world.
2. The federal…