The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says

Breitbart ^ | 06/27/2023 | AP

[ChicagoConservative27]

WASHINGTON (AP) — More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years.

The numbers issued Tuesday by the U.S. Small Business Administration inspector general are much greater than the office’s previous projections and underscore how vulnerable the Paycheck Protection and COVID-19 Economic Injury Disaster Loan programs were to fraudsters, particularly during the early stages of the coronavirus pandemic.

[maddog55]

It’s far more than that if that’s what they’re saying.

[PGR88]

ONLY $200 billion??

[unixfox]

And they want to hire 87,000 IRS agents to collect on the debt.

FUJB
FU IRS

Time for CWII

[mewzilla]

PPP accounted for about $800 billion, IIRC...

Per the GAO about $4.6 trillion has been budgeted in total.

[rlmorel]

Agreed.

[blueunicorn6]

I wonder why the stock market keeps going up.

[piasa]

I am sure all the leftwing “nonprofits” are flush with money.

[antidemoncrat]

Another screw up of the government with tax payer $$$. Only happens once in a blue moon doesn’t it?.. bwhahahahahaha

[From The Deer Stand]

Of course. Our government has no accountability. Officials don’t care.

[ETCM]

Even much of what was not “stolen” was still just given away. I have friends with businesses that were given hundreds of thousands of dollars just because they didn’t lay off their employees. Some of these businesses were doing fine, and this was a personal windfall for them. For those who were struggling due to lock downs, it helped.

[TribalPrincess2U]

Darn! There goes that DT again!

[TribalPrincess2U]

Your post in before my post. We do think alike ;)

[DoughtyOne]

So Democrat causes were given massive financial support?

[Hot Tabasco]

[Gritty]

"A million here, a million there. Pretty soon, we are talking about real money!" - Senator Everett Dirksen (R-Illinois)

[aimhigh]

Imagine how much went to the democrats.

[vpintheak]

Pretty much what it was for.