TWO HUNDRED BILLION DOLLARS!
In our hurry to carelessly spend billions and trillions under the guise of "Covid relief" in 2020 and following, scammers saw the perfect opportunity to take the equivalent of $6,000 from every American family.
The inspector general's report said "at least 17 percent of all COVID-EIDL and PPP funds were disbursed to potentially fraudulent actors." The fraud estimate for the COVID-19 Economic Injury Disaster Loan program is more than $136 billion, which represents 33 percent of the total money spent on that program, according to the report. The Paycheck Protection fraud estimate is $64 billion, the inspector general said.
Out of every three dollars spent on the EIDL one dollar was stolen by a fraudster. AT LEAST.
17% of the money that you were taxed and that the government printed for Covid relief was stolen because people were in a hurry to give away money.
All because we shut down the economy at the behest of Fauci.
The money spent all the program was 100% pointless and, if we didn't shut down, would never have needed to be spent.
The Associated Press reported June 13 that scammers and swindlers potentially swiped about $280 billion in COVID-19 emergency aid; an additional $123 billion was wasted or misspent. The bulk of the potential losses are from the two SBA programs and another to provide unemployment benefits to workers suddenly unemployed by the economic upheaval caused by the pandemic. The three initiatives were begun during the Trump administration and inherited by President Joe Biden. Combined, the loss estimated by AP represents 10% of the $4.2 trillion the U.S. government has so far disbursed in COVID relief aid.
The federal government has now reported $276 billion in potential fraud, a figure that aligns with the AP's analysis.
This is thanks to Republicans, Democrats, Trump, and everyone in DC except probably Thomas Massie and maybe Rand Paul.
We allowed the clowns to give away our children's futures for nothing.
The fraud also poured fuel on the fires of inflation.
The study also found increases in consumer spending in ZIP codes where people received high amounts of fraudulent funds, which may have fueled inflation more broadly, Griffin said Tuesday.
"If you paid too much for your house because fraudsters pumped up the house prices in your ZIP code and then your house price ends up going down, you could be the victim of an unintended consequence of fraud," he said in an interview. "It's another reason why we should care about fraud."
Are you starting to see what's happening?
Is there any chance anyone will be held accountable?
