Posted on 04/04/2020 4:50:00 AM PDT by Oldeconomybuyer
Ya think?
“$2.2 trillion coronavirus aid relief package recently approved by Congress is highly vulnerable to fraud and abuse,”
There’s a shocker.
It’s one big scam and pharmaceutical companies will be the winners.
Lol
I don’t even want to guess what percentage will be given out to Frauds and stolen by our kings and queens
Start with The Kennedy Center. I’m also hoping they get the price gouged, make their faces public.
Pretty much everyone knows this, yet it still happens. And people wonder why our government can give us the middle finger without a hand slap, let alone punishment.
You mean in addition to the ongoing fraud perpetrated by the filthy Democrats?
The era of July 1942 to June 1944 were particularly grim, with respect to death from the flu. Flu likely touched every family without exception.
However, grim as those years were...
The Central Government did NOT feel the urge to BLOW UP the country’s economic stability by adding 10s to 100s of BILLIONS (LET ALONE, TRILLIONS) OF DOLLARS TO THE NATION’S ALREADY UNBEARABLE DEBT BURDEN
State Governments did not lock-down entire states, but left quarantining to each County Health Department’s discretion on a case-by-case basis
Local Governments did not have officers of the law open fire on an individual surfer as he left a virtually deserted beach. Nor did they conduct raids on 1st year olds’ birthday parties or houses of worship that had admitted congregation numbers above a certain decreed “magic number” (even though the congregation generally was observing recommended social distancing practices).
BUT OVER AND ABOVE ALL OF THAT The National, Regional and Local Media NEVER felt the need to:
Stir the Nation’s collective emotions into a RAGING INFERNO (creating a Panic Pandemic as it were)
Criticize and 2nd guess EVERY action of the President’s Crisis Response Staff
Openly and blatantly glorify and promote the ‘loyal’ opposition’s effort to Destroy a Duly-Elected President
Support the opposition’s plan to capitalize on the very crisis itself to unravel a form of government perfected over nearly 250 years
Hide the Deep-State’s diabolical sponsors’ plans to exploit the crisis
Dishonor their sacred obligation to report fairly and without bias, the news of the day. (Instead, reporters have become debaters, and commentators are now propaganda shills)
However, Citizens Themselves have grown lax and lazy in their obligation to monitor, restrain and FIRE their ELECTED SERVANTS
Who would dare to blame Hancock, Franklin, Jefferson, Washington, Hamilton and all the rest - including my own warrior ancestors - if they were to cry out:
“WHAT THE HELL have you done to the Beautiful System of Government we SHED OUR BLOOD, SWEAT AND TEARS to give it to you? YOU UNGRATEFUL LITTLE @#$%&^s!!!”
I suspect “ANTICIPATORY FRAUD” by Hospitals has already commenced. The incentive to assign a “Presumptive” COVID-19 diagnosis to a case is strong when a 100% payment for a large hospital (and attending physicians/professionals) bill would be guaranteed by such billing.
Don’t need an expert to figure that out.
Throw money at something without any thought to the process or safeguards and what do you think will happen?
It's a loan. The borrower must pay the money back. The only "fraud" is not being a real tax entity or default. They can verify the tax entity part before issuing the loan. Many companies will declare bankruptcy anyway and that money will not be recovered.
However, there is room for fraud in the "forgiveness" piece (the borrower gets to keep some of the money).
By the time the loans come due they'll have systems in place to monitor and evaluate the "foregiveness" piece. Some companies will have used the money improperly and will be forced to repay the entire loan. There will be lawsuits.
Note that the money, loan or not, will be injected into the economy which the Keynesians believe will be "stimulus." Of course, it also dilutes the value of your spending dollar (prices go up) and increases the national debt.
If this was an Obama “stimulus” program the LameStreamMedia would not be talking about possible fraud from it. Their total coverage would be about who is not going to get theirs and then who didn’t get theirs. Since it’s Trump they focus on the negative.
Trump was trying to handle this right, but the Free Traitors and the “Go Back to Work!” crowd squealed for their Stimulus.
If you cry and whine for the GOPe and the Democrats to do something, this is what you get.
Note that Trump TRIED during signing to block through “interpretation” some of the most egregious power-grabs by the Democrats, but we had better re-take the House in November.
This stimulus is just evil, and those who pushed for it must perish.
Missing in Action: Stimulus Sheriff Joe Biden
By Michelle Malkin - Oct 10, 2012
Copyright 2012, Creators Syndicate Inc.
Remember when President Obama bragged about Joe Biden’s fiscal discipline creds in 2009? “To you, he’s Mr. Vice President, but around the White House, we call him the Sheriff,” Obama warned government employees. “Because if you’re misusing taxpayer money, you’ll have to answer to him.” Fast-forward to 2012. Call in the search teams. Since being appointed the nation’s stimulus spending cop, Sheriff Joe has taken a permanent donut break.
He’s AWOL on oversight. In fact, he’s been bubble-wrapped, boxed and kept completely out of sight. The garrulous gaffe machine hasn’t sat down for a national media interview in five months.
The Democrats’ trillion-dollar “American Recovery and Reinvestment Act,” however, keeps piling up waste, failure, fraud and debt. Who benefited most? Big government cronies. According to Investor’s Business Daily, a new analysis by Ohio State economics professor Bill Dupor reported that “(m)ore than three-quarters of the jobs created or saved by Pres Obama’s economic stimulus in the first year were in government.”
Dupor and another colleague had earlier concluded that the porkulus was a predictable jobs-killer that crowded out non-government jobs with make-work public jobs and programs. Indeed, the massive wealth redistribution scheme “destroyed/forestalled roughly one million private sector jobs” by siphoning tax dollars “to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment.”
Will this Keynesian wreckage come up during Biden's debates? It should be a centerpiece of domestic policy discussion. Nowhere is the gulf between Obama/Biden rhetoric and reality on jobs wider. Remember: Obama’s Ivy League eggheads behind the stimulus promised that “(m)ore than 90 percent of the jobs created are likely to be in the private sector.” These are the same feckless economic advisers who infamously vowed that the stimulus would keep unemployment below 8 percent — and that unemployment would drop below 6 percent sometime this year. Sheriff Joe rebuked the “naysayers” who decried the behemoth stimulus program’s waste, fraud and abuse. “You know what? They were wrong,” he crowed.
Sheriff Biden was radio silent about the nearly 4,000 stimulus recipients who received $24 billion in Recovery Act funds — while owing more than $750 million in unpaid corporate, payroll and other taxes. (Cash for Tax Cheats, anyone?)
He had nothing to say about:
<><> $6B in Homeowners' stimulus energy credits showered on nearly 1/3 of credit-claimers who had no record of homeownership, including minors and prisoners.
<><> $530 million dumped into profligate Detroit public schools for laptops and other electronics that had little, if any, measurable academic benefits.
<><> a whopping $6.7 million per job under the $50 billion stimulus-funded green energy loan program
<><> politically connected Green companies are now bankrupt---they took the money then went belly-up
<><> remember? Solyndra ($535M), Abound Solar ($400M), Beacon Power ($43M), A123 ($250M) and Ener1 ($119M).
<><> $1 million to Big Bird and Sesame Street “to promote healthy eating,” for a theoretical 1.47 jobs ($726K job created.)
<><> hundreds of stimulus millions to govt GSA junkets in Las Vegas and Hawaii,
<><> hundreds of millions to ghost congressional districts, dead people,
<><> 100's millions for infrastructures to nowhere,
<><> 100's of millions for endless stimulus propaganda
<><> millions for road signs stamped with Obama's "shovel-ready" logo.
Of course, there’s no example of unfettered stimulus squandering more fitting than the one named after Keystone Fiscal Kop Joe Biden himself. Government-funded Amtrak’s Wilmington, Del., station raked in $20 million in “recovery” money after heavy personal lobbying by the state’s most prominent customer and cheerleader. In return, the station (which came in $6 million over budget, according to The Washington Times) renamed its facility after Biden.
Bloated costs. Crony political narcissism. Glaring conflicts of interest. Monumental waste.
This is the Obama/Biden stimulus legacy bequeathed to our children and their grandchildren. Sheriff Joe and his plundering boss need to be run out of town on a rail.
SOURCE http://dyn.realclearpolitics.com/topic/v/Vice_President_/
The $787 billion TARP--the Troubled Assets Relief Program---is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets. (To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site).
A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion
---SNIP---LONG READ---go to web site to read more and checkout the shocking financial charts.
You can bet Pelosi,Schummer will be at the top of the list for big fat checks for their business
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