Fraudulent Pandemic Unemployment Fraud Hits $135 Billion
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Longtime listeners this program are aware I was losing my mind during COVID and watching what was taking place, watching the shutdown, seeing what they were doing to kids around the country and also seeing all of the waste and the fraud and the spending nonsense that went on. It made me sick to my stomach. Yelling and screaming on this program. Obviously, it didn’t do any good. And again, you know what, I’m sorry.
conservatives out there to think you’re gonna put this all on Biden, you can’t. You can’t. This is on Trump as well. At the time I looked at all of these unemployment programs that were put into place, this extra $600 a week. What was it? 72 weeks, something like that, of unemployment. One could get 72 weeks extended unemployment and then rushing all of this money out the door.
Knowing that the whole unemployment system here in the United States is ripe with fraud. The states couldn’t handle the freaking paperwork. I knew right away, we talked about it. I said, all sorts of crooks are going to be coming out of the woodwork and there’s no way that the government’s going to do a damn thing about it. Hey, government workers weren’t even coming in for crying out loud. They weren’t even coming in.
No one was checking on the fact that you had about 80, you know, unemployment claims and a single small one bedroom house somewhere. No, no, it wasn’t important because all it was important was getting the money out the door. This is from the Wall Street Journal today. They’re basically coming up the fact that the federal government has more than doubled its estimate and stolen payments from the unemployment insurance program.
billion dollars. Biden administration, ah, it’s around $40 billion. Oh, no. Well, the GAO, Republicans pushed the GEO to do a little bit deeper of a dive. And they’re saying it’s $135 billion, meaning that it’s probably about $250 billion, $300 billion where all is said and done. Again, you can go after this, I guess. You want to spend money. You want to spend taxpayer money trying
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track this down and I know that there’d be some, oh look it, we recovered this and we recovered that. You may catch some people, quite frankly, I’ll be honest with you, I think it’s a waste of taxpayer money. I think if you wanna outsource it, I don’t know, outsource it to somebody’s ambulance chaser law firms or something like that. Have them track this stuff down and give them a commission and make them work on a contingency basis. I don’t feel like paying for this.
because it’s not gonna be worth it. We’ll end up spending more money trying to get this money back than we did actually sending it out there when all is said and done. But again, you’re talking about $900 billion that was shoved out, you understand? $900 billion, you understand how much money, close to a trillion dollars shoved out the door. What did you think was gonna happen? And again, it was as plain as day.
It was plain as day. I remember at the time you had the Rand Pauls of the world and you had some other fiscal conservatives there saying, hey, listen, we’ve got to do more, you know, to basically stamp down on fraud. This is not going to work. There’s going to be all sorts of issues. And they were shouted down. They were shouted down because the only issue was, was trying to keep the people happy. Let’s keep, let’s just cut checks. Let’s keep the people happy. Shut down the government again.
That period of time, I don’t even like going back to it and thinking about it. I really don’t. The damage that we did, self-inflicted damage we did to our country during that pandemic is some it really is extraordinary. Watchdog on Wall Street dot com.
