I call this “the government cash cow”, because since 1986, the government realized that it could take the money out of the fund and move it to general revenues. In reality, workers were not the ones who depended on employment insurance anymore. Rather, it was the federal government, which used the money to pay down $57 billion from the $92 billion debt. Those $57 billion came from workers who lost their jobs. The debt was transferred to the provinces, because unemployed workers ultimately had to turn to welfare.
Do you agree with this?