keaimato

Canadian, U.S., and international politics; and life in general. Heck, whatever strikes my fancy...

Sunday, December 11, 2005

EI scam

Here's a shocker: the government is taking too much for EI, $2B too much, in order to pay for other programs.

Ottawa has been charging us billions more per year than they're paying out in EI benefits, providing them with a tidy profit to spend on whatever hare-brained, flavour-of-the-month boondoggle they dream up. They keep track of the accumulated surpluses for accounting purposes. But the money's not sitting in an account somewhere. It's spent.

Oh, part of the reason they have so much money is that benefits have been cut, and hundreds of thousands aren't elegible despite paying the fees. Nice.

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