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New Jersey’s unemployment benefits fund is broke, with more than $1 billion owed to the federal government
New Jersey has gone into debt to cover unemployment benefits for people who lost their jobs in the Garden State.
Assemblyman Jay Webber (R-Morris) made that argument in a recent NJToday interview about his opposition to proposed legislation aimed at providing unemployment benefits to certain individuals whose hours at work have been reduced.
“It might be a good idea. The problem I have is that our unemployment insurance trust fund is broke,” Webber said during the Nov. 28 interview. “We’re over a billion dollars in debt to the federal government, and what this bill does is create another stream of income out of the fund.” (Wichert, PolitiFact New Jersey)
