The Great American Rip-Off -America has lost more than $400 billion to fraudulent unemployment claims.
Dec 3, 2021 08:24:03 #
I put this up cause some of us might wonder where our hard earned taxes are funded under this corrupt and incompetent Biden administration. Our taxes...., the lifeblood of our country.
Since March 2021, I have been complaining to some GOP's in Congress, that the US Dept. of Treasury and the OMB, lack proper accounting and internal control. Nobody seemed to pay attention. The GOP's in Congress are under the control of the corrupt and stupid Nancy Pelosi to take action. She is an associate of the corrupt, inept Biden administration.
Since Jan 2021, Joe Biden's lavish Social Spending has now up to almost $ 5 trillion, some went down to the drain into the hands of crooks, local and foreign countries. Until now he is draining our banks to the recent stimulus. This is just the beginning. I believe more funds are corrupted from our Treasury.
To pay for this Joe Biden will, raise all kinds of taxes, and will audit our bank accounts, sniffing into our banks accounts, how much they could dig up to continue their crimes against the American people. He hired 87,000 democrat thugs to sniff into our personal bank accounts.
While the real Americans are suffering of this very high inflation as a result of the Biden administration stupidities and corruptions.
My fellow Americans, Conservatives and LIBS, are you happy now what has been going on under the ineptness of the Biden-Harris administration? I could hardly wait to clean them up.
Dear Lord, please save America from these monsters.
=============================
The Great American Rip-Off -America has lost more than $400 billion to fraudulent unemployment claims.
Styron Powers, Harvard Advanced Management, Rutgers MBA
Styron Powers, Harvard Advanced Management, Rutgers MBA
The Biden Administration states they need to increase American citizens, corporations, and the dead’s taxes. Why? The Federal Government may be the most inefficient corrupt entity in our country. It is estimated they GAVE >$400 BILLION BILLIONS to crooks from unemployment funds. This is just one example of the INCOMPETENT management of tax payers money. Hundreds more exist.
Styron Powers
The Great American Rip-Off - WSJ James Freeman June 11, 2021 6:01 pm ET
Criminals may have stolen as much as half of the unemployment benefits the U.S. has been pumping out over the past year, some experts say.
What would we do without experts? This column likes to maintain a robust skepticism regarding government programs, but could the feds really have handed over half the unemployment benefits to crooks? One of Mr. Salmon’s experts suggests that most of the crooks don’t even live here. According to the Axios report:
Blake Hall, CEO of ID.me, a service that tries to prevent this kind of fraud, tells Axios that America has lost more than $400 billion to fraudulent claims. As much as 50% of all unemployment monies might have been stolen, he says.
Haywood Talcove, the CEO of LexisNexis Risk Solutions, estimates that at least 70% of the money stolen by impostors ultimately left the country, much of it ending up in the hands of criminal syndicates in China, Nigeria, Russia and elsewhere.
“These groups are definitely backed by the state,” Talcove tells Axios.
Much of the rest of the money was stolen by street gangs domestically, who have made up a greater share of the fraudsters in recent months.
If forced to choose, your humble correspondent would probably prefer independent domestic street gangs to foreign state-backed criminal syndicates. But perhaps the economists in the crowd can opine on the relative impact of stuffing U.S. taxpayer money into one pair of undeserving hands versus another. For that matter perhaps the people who endorsed the idea of shuttering much of the U.S. economy in response to C****-**, expanding the Federal Reserve balance sheet by nearly $4 trillion and adding more than $4 trillion to the nation’s publicly held debt can explain if their strategy depends on whether the recipients of cash are lawful or law- abiding. When one is dumping money out of a helicopter it’s not so easy to dictate who catches it.
The important thing now is for Washingtonians to try to evade responsibility. Mr. Salmon’s report continues:
“Widespread fraud at the state level in p******c unemployment insurance during the previous Administration is one of the most serious challenges we inherited,” said White House economist Gene Sperling. This is a howler, as if candidate Joe Biden and Democrats in Congress spent 2020 seeking to block C***d spending bills because they lacked robust accounting systems. In 2021, Mr. Biden enacted nearly $2 trillion in additional C***d-related spending even after it was clear the plan was no longer needed.
As for the amount of money stolen by crooks—the ones not serving in the U.S. Congress—perhaps it’s not quite as large as estimated by the Axios sources. But there seems to be a consensus that the number is not small. Susan Crabtree at RealClearPolitics reports that “fraudsters have made off with an estimated $200 billion in state and federal unemployment funds during the p******c, according to some congressional estimates.” She notes:
California and more than a dozen other states, both red and blue, were unprepared to handle the massive influx of unemployment claims, according to a Labor Department inspector general report released last week. But a lot of the waste and fraud could have been avoided. Forty percent of states did not comply with federal rules requiring basic safeguards — cross-checking of unemployment claimants against a national directory of new hires, as well as a federal database of i*****l i*******ts, the inspector general found. The report focuses on California, as well as Florida, Georgia, Illinois, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas and Washington state for special scrutiny.
“This is probably going to go down in history as the biggest rip-off of taxpayer dollars ever,” Rep. Jackie Walorski of Indiana, told RealClearPolitics. Walorski, the top Republican on the House Ways and Means’ worker and family support subcommittee, says she tried to work with Democrats to fight potential fraud in December’s... stimulus bill, but Democrats stripped out those provisions.
In California, the nation’s most populous state, unemployment insurance fraud has been so rampant it now has the dishonorable distinction of being the most costly financial scandal in state history. The Employment Development Department, which doles out the unemployment payments, has admitted that one in four payments could have been improperly made — that it paid as much as $31 billion in fraudulent claims, including to nearly 35,000 inmates of the state’s prisons and jails.
Well, at least they’re Americans, and perhaps more entrepreneurial than those bureaucratic participants in state-backed crime syndicates. The additional bad news is that the great American rip-off is not over yet, as money continues to churn out of Washington. Lorie Konish of CNBC reports:
More than 2.3 million new stimulus checks have been sent, representing over $4.2 billion in payments to Americans, the government announced on Wednesday.
In total, more than 169 million payments worth about $395 billion have been issued since Congress passed the American Rescue Plan Act in March.
That legislation authorized payments of up to $1,400 per person, plus $1,400 per eligible dependent, for individuals and families who fall under certain income thresholds and also meet other requirements.
Can taxpayers afford all of these checks, some of which seem bound to end up in the wrong hands? The Journal’s John McCormick reports:
The U.S. budget deficit grew to a record $2.1 trillion during the first eight months of the fiscal year as spending continued to outpace tax receipts that are rising as the economy recovers from the damage inflicted by the C****-** p******c...
Outlays rose 20%, to a record $4.7 trillion, driven by payments for jobless benefits, nutrition assistance and C****-** relief programs including emergency small-business loans and stimulus checks to households.
Since March 2021, I have been complaining to some GOP's in Congress, that the US Dept. of Treasury and the OMB, lack proper accounting and internal control. Nobody seemed to pay attention. The GOP's in Congress are under the control of the corrupt and stupid Nancy Pelosi to take action. She is an associate of the corrupt, inept Biden administration.
Since Jan 2021, Joe Biden's lavish Social Spending has now up to almost $ 5 trillion, some went down to the drain into the hands of crooks, local and foreign countries. Until now he is draining our banks to the recent stimulus. This is just the beginning. I believe more funds are corrupted from our Treasury.
To pay for this Joe Biden will, raise all kinds of taxes, and will audit our bank accounts, sniffing into our banks accounts, how much they could dig up to continue their crimes against the American people. He hired 87,000 democrat thugs to sniff into our personal bank accounts.
While the real Americans are suffering of this very high inflation as a result of the Biden administration stupidities and corruptions.
My fellow Americans, Conservatives and LIBS, are you happy now what has been going on under the ineptness of the Biden-Harris administration? I could hardly wait to clean them up.
Dear Lord, please save America from these monsters.
=============================
The Great American Rip-Off -America has lost more than $400 billion to fraudulent unemployment claims.
Styron Powers, Harvard Advanced Management, Rutgers MBA
Styron Powers, Harvard Advanced Management, Rutgers MBA
The Biden Administration states they need to increase American citizens, corporations, and the dead’s taxes. Why? The Federal Government may be the most inefficient corrupt entity in our country. It is estimated they GAVE >$400 BILLION BILLIONS to crooks from unemployment funds. This is just one example of the INCOMPETENT management of tax payers money. Hundreds more exist.
Styron Powers
The Great American Rip-Off - WSJ James Freeman June 11, 2021 6:01 pm ET
Criminals may have stolen as much as half of the unemployment benefits the U.S. has been pumping out over the past year, some experts say.
What would we do without experts? This column likes to maintain a robust skepticism regarding government programs, but could the feds really have handed over half the unemployment benefits to crooks? One of Mr. Salmon’s experts suggests that most of the crooks don’t even live here. According to the Axios report:
Blake Hall, CEO of ID.me, a service that tries to prevent this kind of fraud, tells Axios that America has lost more than $400 billion to fraudulent claims. As much as 50% of all unemployment monies might have been stolen, he says.
Haywood Talcove, the CEO of LexisNexis Risk Solutions, estimates that at least 70% of the money stolen by impostors ultimately left the country, much of it ending up in the hands of criminal syndicates in China, Nigeria, Russia and elsewhere.
“These groups are definitely backed by the state,” Talcove tells Axios.
Much of the rest of the money was stolen by street gangs domestically, who have made up a greater share of the fraudsters in recent months.
If forced to choose, your humble correspondent would probably prefer independent domestic street gangs to foreign state-backed criminal syndicates. But perhaps the economists in the crowd can opine on the relative impact of stuffing U.S. taxpayer money into one pair of undeserving hands versus another. For that matter perhaps the people who endorsed the idea of shuttering much of the U.S. economy in response to C****-**, expanding the Federal Reserve balance sheet by nearly $4 trillion and adding more than $4 trillion to the nation’s publicly held debt can explain if their strategy depends on whether the recipients of cash are lawful or law- abiding. When one is dumping money out of a helicopter it’s not so easy to dictate who catches it.
The important thing now is for Washingtonians to try to evade responsibility. Mr. Salmon’s report continues:
“Widespread fraud at the state level in p******c unemployment insurance during the previous Administration is one of the most serious challenges we inherited,” said White House economist Gene Sperling. This is a howler, as if candidate Joe Biden and Democrats in Congress spent 2020 seeking to block C***d spending bills because they lacked robust accounting systems. In 2021, Mr. Biden enacted nearly $2 trillion in additional C***d-related spending even after it was clear the plan was no longer needed.
As for the amount of money stolen by crooks—the ones not serving in the U.S. Congress—perhaps it’s not quite as large as estimated by the Axios sources. But there seems to be a consensus that the number is not small. Susan Crabtree at RealClearPolitics reports that “fraudsters have made off with an estimated $200 billion in state and federal unemployment funds during the p******c, according to some congressional estimates.” She notes:
California and more than a dozen other states, both red and blue, were unprepared to handle the massive influx of unemployment claims, according to a Labor Department inspector general report released last week. But a lot of the waste and fraud could have been avoided. Forty percent of states did not comply with federal rules requiring basic safeguards — cross-checking of unemployment claimants against a national directory of new hires, as well as a federal database of i*****l i*******ts, the inspector general found. The report focuses on California, as well as Florida, Georgia, Illinois, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas and Washington state for special scrutiny.
“This is probably going to go down in history as the biggest rip-off of taxpayer dollars ever,” Rep. Jackie Walorski of Indiana, told RealClearPolitics. Walorski, the top Republican on the House Ways and Means’ worker and family support subcommittee, says she tried to work with Democrats to fight potential fraud in December’s... stimulus bill, but Democrats stripped out those provisions.
In California, the nation’s most populous state, unemployment insurance fraud has been so rampant it now has the dishonorable distinction of being the most costly financial scandal in state history. The Employment Development Department, which doles out the unemployment payments, has admitted that one in four payments could have been improperly made — that it paid as much as $31 billion in fraudulent claims, including to nearly 35,000 inmates of the state’s prisons and jails.
Well, at least they’re Americans, and perhaps more entrepreneurial than those bureaucratic participants in state-backed crime syndicates. The additional bad news is that the great American rip-off is not over yet, as money continues to churn out of Washington. Lorie Konish of CNBC reports:
More than 2.3 million new stimulus checks have been sent, representing over $4.2 billion in payments to Americans, the government announced on Wednesday.
In total, more than 169 million payments worth about $395 billion have been issued since Congress passed the American Rescue Plan Act in March.
That legislation authorized payments of up to $1,400 per person, plus $1,400 per eligible dependent, for individuals and families who fall under certain income thresholds and also meet other requirements.
Can taxpayers afford all of these checks, some of which seem bound to end up in the wrong hands? The Journal’s John McCormick reports:
The U.S. budget deficit grew to a record $2.1 trillion during the first eight months of the fiscal year as spending continued to outpace tax receipts that are rising as the economy recovers from the damage inflicted by the C****-** p******c...
Outlays rose 20%, to a record $4.7 trillion, driven by payments for jobless benefits, nutrition assistance and C****-** relief programs including emergency small-business loans and stimulus checks to households.
Dec 3, 2021 08:35:56 #
JFlorio
Loc: Seminole Florida
Yet this administration wants even more and larger government programs. This BBB Bill wii end the country as we know it.
Radiance3 wrote:
i I put this up cause some of us might wonder wh... (show quote)
Dec 3, 2021 09:04:13 #
JFlorio wrote:
Yet this administration wants even more and larger government programs. This BBB Bill wii end the country as we know it.
You need government more than the Rich Socialists do.
Dec 3, 2021 09:16:12 #
JFlorio
Loc: Seminole Florida
Milosia2 wrote:
You need government more than the Rich Socialists do.
For what? The rich socialists don't need anything but more control which they get from government.
Dec 3, 2021 09:51:51 #
Milosia2 wrote:
You need government more than the Rich Socialists do.
=============
Milosia, you have a very wrong concept of how this constitutional republic manages its affairs. The government will not survive without the taxpayers. The government expends the money, while the taxpayers provide the funds.
This present Biden administration and the rests of the prior democrats have been so corrupt, and dishonest. That include the democrat Congress and the local liberal government.
The most valuable assets of the government are the rich who provide employment and pay taxes, as well the working middle class, and all those retired who pay taxes, to fund the operations of our government system.
You must be a handout
Dec 3, 2021 10:02:22 #
JFlorio wrote:
Yet this administration wants even more and larger government programs. This BBB Bill wii end the country as we know it.
===============
I am afraid if we continue this route, America will end up a 3rd socialist world. Corrupt democrat l***hes clauses are tightly gripped into the system. They won't care, as soon as they get out they are multi-billionaires as well. Who are left, but the suffering Americans who've struggled to make this country great, but ens***ed at the end.
For what is the BBB is all about? It is the $1.75 trillion for domestic spending targeted to corruptions.
https://www.cnbc.com/2021/10/28/whats-in-the-democrats-1point85-trillion-dollar-build-back-better-plan.html
https://www.yahoo.com/now/black-america-receive-billions-biden-153000301.html
In this bill only black farmers are provided. There are white farmers too grossly affected, but Biden and Congress ignored them.
https://www.forbes.com/advisor/personal-finance/build-back-better-act/
Dec 3, 2021 10:22:08 #
lpnmajor
Loc: Arkansas
Radiance3 wrote:
i I put this up cause some of us might wonder wh... (show quote)
States administer unemployment, not the fed. BTW.....................how much did red States lose to fraud?
Dec 3, 2021 10:32:16 #
lpnmajor wrote:
States administer unemployment, not the fed. BTW.....................how much did red States lose to fraud?
================
How did the unemployment money end up to other countries?
The inept and incompetent policies of the Biden administration made all these to happen.
The Federal government provides the funding, along with the state. E.g. California is so corrupt on this.
I already suspected these corruptions, the policies of the Biden administration are so dumb and inept, all labeled for c*****e c****e, and social spending.
Please know all the facts, for we are all adversely affected by the corruptions of Joe Biden, and Pelosi.
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