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your government at work
$4.2 trillion of your monopoly bucks was given away by your benevolent masters due to the covid crisis .
A new report says that more than $400 billion of it was either stolen or wasted ....and the figure is likely to grow,
An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent. Combined, the loss represents 10% of the $4.2 trillion the U.S. government has so far disbursed in COVID relief aid.
That number is certain to grow as investigators dig deeper into thousands of potential schemes. It gets better Remember that Payroll Protection Plan( PPP) "only 23 to 34 percent of the [PPP's] funds went directly to workers who would have otherwise lost their jobs." w29669.pdf (nber.org) US taxpayers shelled out $4 for every $1 that went to workers under the PPP according to the St Louis Federal Reserve . Was the Paycheck Protection Program Effective? (stlouisfed.org) When Quid Pro Joe starts throwing mega taxpayer bucks around the first question should be is how much goes to the "Big Guy " and his cronies ? |
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