since 7 am. i beg duke to come on tonight because this is so important. i fear i am going to be shouting during this segment because it is just so upsetting. walk us through this huge scandal about unemployment fraud. who are these people selling the money? how did they do it? so the worst news about this, stephanie, is that this 46 billion dollar estimate that came out today from the labor department ig is probably a vast undercount. when we looked at this about a year ago, and we were talking to private companies, like ibm and lexus nexus, that have contacts with the state that actually run the unemployment programs, the highest estimate that we heard with 400 billion dollars. now some people criticize that has to high. but let s say it s 200 billion. it is an enormous sum of money just for comparison, so people understand, the annual budget of the department of education of the united states government is 68 billion dollars. so, this is an incredible sum of money. and what we fo
about the shocking amount of alleged pandemic unemployment fraud, according to a federal watchdog. more than 45 billion billion with a b dollars from unemployment insurance meant to help people during the pandemic may have been stolen. that is way higher than the 16 billion in potential fraud that wasn t identified last year. nbc s ken dilanian has been following all of this enjoying this now. first, we need to give special thanks to ken dilanian. i know you have been on tv since 7 am. i beg duke to come on tonight because this is so important. i fear i am going to be shouting during this segment because it is just so upsetting. walk us through this huge scandal about unemployment fraud. who are these people selling the money? how did they do it? so the worst news about this, stephanie, is that this 46 billion dollar estimate that came out today from the labor department ig is probably a
capitol hill. nice to see you. nice to see you. greta: two reports one gop in the house about health care and another letter sent to speaker boehner and others. help me understand, according to the cbo, if you repeal the health care bill, it will cost us 145 billion that will add to the deficit if you read the house gop report it says if we don t repeal it, it will add 701 billion to deficit, which is a 846 billion dollar difference. who do i believe the house or the cbo? let s start with common sense. if you expand any entitlement program to cover an additional 30 million people or so, it is going to cost more, right? the second thing that is so important. cbo only takes what they are given as assumptions from which they figure costs. best example, they included in
capitol hill. nice to see you. nice to see you. greta: two reports one gop in the house about health care and another letter sent to speaker boehner and others. help me understand, according to the cbo, if you repeal the health care bill, it will cost us 145 billion that will add to the deficit if you read the house gop report it says if we don t repeal it, it will add 701 billion to deficit, which is a 846 billion dollar difference. who do i believe the house or the cbo? let s start with common sense. if you expand any entitlement program to cover an additional 30 million people or so, it is going to cost more, right? the second thing that is so important. cbo only takes what they are given as assumptions from which they figure costs. best example, they included in
granted in 2001. require most public workers to contribute 8 1/2% of their salaries toward their pensions, and have workers pay 30% of their health care premiums. the plan would also raise the retirement age to 65 for most employees. new jersey s current pension system is unfunded by a measley 46 billion dollars. assistant editorial page editor james freeman joins us with more. james, how good is this christie plan? pretty good if you re thinking about the finances of the state of new jersey. you mentioned 46 billion dollar unfunded. it s bigger 67 billion on the health side. paul: wow, 100 billion, he destroys most of the unfunded liability if he gets this plan through. paul: and most of these would just put the state employees in line with what the people in the private