Posted on 08/04/2022 9:57:16 AM PDT by SeekAndFind
The wasteful spending by our government is no big secret, as it has unfortunately been going on forever, but I just came across some information that brought out government wasteful spending practices to rock bottom.
During COVID, the government came up with a not very well thought out idea: the "Paycheck Protection Program" (PPP). In principle, PPP sounded good, but in practice, it was a blatant abuse of the taxpayers' money to the extent that it enriched the bank accounts of multimillion-dollar law firms. The government actually used the taxpayers' hard earned money to make the already rich lawyers even richer, via a very underserved windfall for doing absolutely nothing but filling out a form.
A mind-boggling 200,503 businesses in the so-called "Offices of Lawyers" industry received a total of $16.4 billion of taxpayers' money in this money-squandering program. The criteria for the law firms to receive this money was minimal, almost to the point that it was a joke. The PPP was a loan designed to provide a direct incentive for "small businesses" to keep their workers on payroll.
What the public wasn't told was that this program was going to funnel $16.4 billion into the bank accounts of rich law firms who obviously didn't need the money. Many high-profile law firms around the country received as much as $10 million per firm, and numerous firms received several hundreds of thousands of dollars each.
The law firms who received this are shown here.
(Excerpt) Read more at americanthinker.com ...
If the so-called "loan" was "fully forgiven," common sense tells us that the loan wasn't repaid. So how in the world can the government say with a straight face that the so-called "loan" was "paid in full" when in fact it wasn't?
Weed and tattoos.
Lovely hols in The Bahamas for teachers from CA and MI...
We used all our stimulus checks on house payments so we could pay it off sooner
What exactly did the COVID relief money fund, anyway?Pharma, Biden and other Democrats.
Money laundering again?
I gave mine to 2 very poor families that I know. They are very wonderful people who deserved it.
Inflation.
I know of at least one major metro in Upstate NY that used CoupFlu money to hire people to remove snow off city sidewalks...
And how about this one, again from Upstate NY...
there was a story in our local rag the buyden school loan forgiveness plan...
it featured a woman that still had $90,000 dollars owing after many yrs...
so our lovely govt just paid it off....
she worked at a university was making $270,000 a year!
belong to the rat party and life can be amazing...
Public works projects, back-office needs and employee pay and bonuses.
Two of my renters used the generous funds to become drug addicts. They are no longer renters. Thanks Uncle Sam.
Audit to locate hoe many PRISONERS got PPP funds.
It funded the owners of our company under the guise of “we still paid you your normal pay instead of cutting you back”.... Hey, it’s their business and they can do what they want——but not with OUR tax dollars.
“Money laundering again?”
Certainly some of that but “what happens to our tax money” is a huge question.
It is essential for heads of businesses to know where their money comes from and goes to.
We citizens are the collective head of our government.
The recipients of our tax dollars should be required to present financial statements showing the flow of money within their agencies.
Mostly, irresponsibility.
On that last one, no word on where the money is coming from, but since money is fungible...
Mine bought a car, paid an empty lot all the way off, several AK parts kits, numerous thousands of rounds of ammo, a new fridge, a new stove, and another air conditioner.
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