States that owe part of $39.5 billion in unemployment debt seek federal interest waiver

Greg Bishop  |  December 17, 2021

By Greg Bishop, includes “Illinois is leading a charge with seven other states that carry unemployment trust fund debt looking for a waiver of interest. … Bergman said the request means that taxpayers in states that are responsibly managed will bear the burden. … Bergman said waiving the interest won’t teach a good lesson. ‘People take risks and maybe don’t manage themselves as otherwise they would if the losses can be socialized through the federal government,’ Bergman said.”

Read the full article on: The Center Square – Illinois

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