Posted on 12/02/2021 10:08:57 AM PST by John W
More than $87 billion in unemployment benefits funded by the federal government was likely siphoned from the system during the Covid-19 pandemic, much of it due to fraud, according to a U.S. Department of Labor report.
Congress authorized many new programs in the pandemic’s early days to support millions of workers who’d lost their jobs. Those programs, which ended on Labor Day this year, raised weekly benefits, extended the duration of aid and expanded the pool of jobless Americans eligible for payments.
The federal government issued $872 billion in total benefits as of Sept. 30, according to an estimate from the Labor Department’s Office of Inspector General, which released a semiannual report for Congress on Monday.
However, the “unprecedented” level of funding led to a surge in theft and fraud, according to the watchdog, which audits Labor Department programs and operations.
It estimates 10% or more (at least $87 billion) of the federal money was likely lost to “improper payments,” with a “significant portion attributable to fraud.”
(Excerpt) Read more at cnbc.com ...
And I just want one of those billions.
meanwhile, people of ordinary and legal means sit here thinking about how to pay property and income tax for next year.
To quote Hunter, “10% for the Big Guy”
Huh. Offering free money to people results in fraud? Who'da thunkit?
To all the hard working taxpaying Americans—see how they disrespect you and your money.
Oh they’ll go after the fraudsters all right
Every one of those registered Republicans that took a single dollar.
Watch.
.
And yet Dems felt 5-10 billion for a wall was wasteful spending.
TRANSLATION:
Democrats put a hole in the ship, and are now feigning surprise that there’s water in the hold.
Only $87 billion?
Seems low
Quick! Spend 87 billion dollars to hire IRS agents to investigate, so they can get back 87 billion dollars! It’s urgent! Build back badder.
Which is exactly why we need to go back to the Gold standard, they can’t carry off something that heavy. The Damned Scumbags !!!!!
Another day, another 87 billion stolen from taxpayers.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.