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COVID bailouts and aid were a genuine fraud machine that ripped off taxpayers on an almost incomprehensible scale. The latest partial numbers are up to $200 billion and those are just estimates that will just keep climbing.
A Small Business Administration inspector general released the numbers Tuesday, finding that “fraudulent actors” stole more than $136 billion from the Economic Injury Disaster Loan Program and $64 billion from the Paycheck Protection Program, two government initiatives that worked to keep small businesses afloat during the pandemic. Those figures mark a whopping 17 percent of all funds issued under the two programs, with a third of all Economic Injury Disaster Loan Program funds being stolen, according to the report.
17%. Incredible. But then the whole system was based on handing out money while asking as few questions as possible. And we know much of that money was stolen and transferred abroad.
While generally everyone, except those most in denial, will admit that the fraud was massive, what happened was just the welfare state on steroids. Money was handed out with more urgency, less accountability and fewer standards. But we’re still living in a fraudtopia where zoom college is haunted by ghost students run by bots out of Africa or Russia while ripping off American taxpayers and every new program ends up being stripped down the bone.
Inspector General Mike Ware earlier this month told the outlet that he has tens of thousands of “actionable leads into pandemic relief fraud,” leads that would take a century to sort through.
Suffice it to say we won’t. Some low hanging fruit will be caught. There will be the usual morons who become the public face of it even though they won’t even represent 0.0000000000% of the fraud.
And the same thing will keep happening.
The gov will use Artificial Intelligence programs to catch the covid relief ”cheaters”. They will also have AI find all tax cheats.
And at that time we will learn the reason that the gov needs 87,000 armed IRS agents (Eviction Agents)
Hunter has paaid his debt to society…….Now its your turn.
And our debt to society is always much higher than the politicians like the bidens, bureaucrats like Fauxi, and politically connected like Bankman-Fried, who get a slap on the wrist, if anything at all.
Now, THAT is a seriously dystopian prediction. Pray that it does not come true.
Hunter has paid? Not. He hasn’t begun to pay and may not. Ever.
Yeah, that was mind-blowing. It was obvious even when it was going on.
The fraud isn’t the real problem. The real problem is that there was any extra spending for Covid to begin with. HCQ and Ivermectin, vitamin D were discovered very early. The whole thing was a sham to begin with, including masks, testing, lockdowns, “socialist” distancing, ventilators, and, of course, the clot shots.
Exactly. It is very common for conservatives to complain about and point out fraud in many institutions and gov programs. They do this while not even mentioning the entire program itself being fraudulent.
For example, conservative politicians point out welfare fraud while never pointing out that there should be no welfare to begin with, certainly at the federal level. Many so called conservatives even run entire campaigns on stamping out fraud from various public assistance programs while not even having the courage to call for eliminating the entire programs themselves.
And you are correct , the entire response to Covid was one big scam. Sure it might have been understandable for people to be a little worried at first (15 days to flatten the curve and get an idea what we’re dealing with) and be a little cautious , but all the measures beyond that were purely useless and even tragic.
The term Scamdemic is very accurate. Probably the biggest fraud in history.
Although it may sound impossible to catch all the thieves. It’ll be very interesting to reveal a few dozen.
Mr Greenfield. I hope you realize that the Covid related hand outs themselves were one big fraud. Stealing stolen money should probably be of secondary concern as our benevolent government was sending out checks like candy. Destroying our economy, creating historic inflation. If you eliminated all the fraud somehow, that wouldn’t change the devastation the Covid response caused one bit!
It’s like conservative politicians running on reducing fraud on gov assistance programs while never having the courage to call for eliminating the programs all together.
Though I’m sure you understand the importance of shrinking government and not just making programs more efficient and free of fraud.
Our government is controlled by crooks that are unable to take responsibility for
the financial life of spending. Americas destruction is in every aspect of our
life, Obama has made sure that life will be unlivable for all Americans, with
elites the only exception. Dark days ahead, evil is in ascendance.
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I only say thank you Daniel Greenfield and Front Page Magazine.
We truly have corrupt swamp behavior from the elites. A two tiered justice system, changing times and laws, to suit their ideologies, lack of common sense, no tolerance to other opinions, and common sense, and fraudulent elections have replaced a lawful-constitutional-balanced-government and society. We need to back off of this AI and the dangers it imposes too.
There never is a tally on where the money went… from hurricane and tsunami and 911 and more.. no accounting as to where the money went… save the fact that some people became wealthier and the coffers of some organizations grew… why is there no accountability ever???? No cries for action no cries for not using the citizens of this nation for such a purpose. It can only be “We the People” who demand such of those we give the highest power in this nation to. Just look at what is in power now… and be afraid.. and be terrified and be ready for another Cheat the Vote to happen!
The Covidians will continue to spend, hide and kill.
I would say coming in a close second (for now) is the money being handed to Ukraine. Last I heard it was already over $200b with no end in sight. Does anyone think Putin knows the particulars of what the Biden Crime Family had going on in Ukraine? Perhaps he (Putin) is just checking to see how much Joey will fork over to keep the secret. Putin, being the thug he is, doesn’t care about the human cost in Ukraine or to his own army. It could be his true interest is to see how much Joey will deplete our own military stockpile and treasury to keep his corrupt ass covered. And, I suspect Zelenskyyyy is on board with this because he will walk away incredibly wealthy whether Ukraine survives or falls.
I think that Putin does care about the human cost of the war to his army. Not that he is a particularly caring or loving individual — quite the opposite — but because he and his successors won’t have much of a country to run if they kill off all of their young men. That sort of thing can adversely affect the demographics of a country, especially one with an already low and declining population.
Oh, one tangent that MSM hasn’t covered. By allowing prisoners to serve in Ukraine in exchange for commuting their sentences, he got rid of much of the worst element of Russian society. That method goes back at least as far as Julius Caesar.
The big corporations and franchises were covered, while their mom and pop competition was put out of business. Part of the “Great Reset.” Our company was saved only because we invented and/or made parts and assemblies for the mask manufacturers (so were ‘essential,’) when they ramped up production, and when many others in the textile industry got into the business. Even the medical masks were useless, at best, against viruses.
Yeah, half (or more) the small businesses around here seem to have been wiped out, when I walk through the business district.
A very good article. One thing to consider is whether the Federal Government is capable of handling money properly? The waste is enormous.
They seem to think it’s their money to handle. It is not, and they have no right to it. The only answer to this is to repeal the 16th Amendment and starve the leviathan.