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

DECEMBER 17, 2021 | by Greg Bishop | THE CENTER SQUARE – ILLINOIS

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.”

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