You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Government Corruption
'No Fault Of Anybody:' $100 Billion Is Stolen From Taxpayers Via COVID Relief Funds
2021-12-29
[THEBLUESTATECONSERVATIVE] Many on the political right oppose so-called "Big Government" due primarily to the tyranny it inevitably inflicts on its citizens, and we’re seeing scary examples of the phenomenon in real-time. Examples of such autocracy include vaccine and mask mandates, jury intimidation (see the Derek Chauvin trial), and unapologetic assaults on our First Amendment right to free speech. But there are other aspects of Big Government that are both infuriating and repulsive, one of which is its inexcusable waste; and we saw a ridiculous example of such waste last week.

According to the U.S. Secret Service last Tuesday, over $100 billion has been stolen from the federal government through three separate programs which received COVID relief bill funding, with one of those programs being the much-ballyhooed Small Business Administration’s Paycheck Protection Program. In today’s world of out-of-control government spending, $100 billion sounds almost small. But it isn’t, obviously. And each one of those dollars represents government incompetence having squandered our hard-earned taxpayer dollars.

The Secret Service’s Assistant Special Agent in Charge Roy Dotson acknowledged the magnitude of the failure, explaining "I’ve been in law enforcement for over 29 years and worked some complex fraud investigations for 20 plus years, and I’ve never seen something at this scale." We believe you, Agent Dotson, and thanks for putting this larceny in perspective. But it is the next statement from the special agent that sheds light on the fundamental problem.

"There’s no doubt that the programs were easily accessible online. And so, with that, comes the opportunity for bad actors to get into that mix," Dotson said. "It was necessary to try to get these funds out to people that were truly hurting, and no fault of anybody." And there it is... the absurd mindset of Big Government: We had good intentions, and stuff happens. Oh well.

Instead of such a large number like $100 billion, let’s divide that number by a whopping 100,000 which brings the theft to $1 million. Only let’s say that instead of that amount being stolen from the Federal Government, let’s say it was stolen from a company in the private sector. If a company such as Wal-Mart, or Goldman Sachs, or Southwest Airlines had $1 million stolen from it, do you think their reaction would be "it’s nobody’s fault?"

When a private company experiences a massive breach in their financial security apparatus, heads roll, and rightfully so. In private industry, there’s accountability. Employees are accountable to their employers, and employers are accountable to their owners: either stockholders or other types of proprietors. If $1 million goes missing from a private company tomorrow, no matter how big that company might be, by the end of the day someone will be packing up their belongings into cardboard boxes and heading out the door. It might be someone from their Finance and Accounting Department, or maybe their Security team, or perhaps their Information Technology group. Or maybe folks from all of the above. But someone will suffer the consequences because someone failed to do their job
Posted by:Fred

#7  That's only about $300 per person, well below the new $1000 threshold for theft to be considered prosecutable...
Posted by: Glenmore   2021-12-29 13:22  

#6  #FJB had to pay some people off. It's nobody's fault. Get over it.
Posted by: Abu Uluque   2021-12-29 12:10  

#5  Should have just sent a check to every taxpayer who filed a federal tax return the year before. Let them trickle the money down to businesses.
Posted by: M. Murcek   2021-12-29 05:02  

#4  ^^^^-- As Designed.
Posted by: CrazyFool   2021-12-29 00:41  

#3  ^^^ raised = raided
Posted by: Blackbeard Barnsmell6454   2021-12-29 00:39  

#2  Small Business Administration’s Paycheck Protection Program was raised by friends and family of members of Congress as well as major corporations whose CEOs were being bought by members of Congress through these programs.

Truelly small businesses got only a fraction if nothing through the programs.

Posted by: Blackbeard Barnsmell6454   2021-12-29 00:37  

#1  In private industry, there’s accountability.

This point is evergreen; just look at the Earned Income Tax Credit - same deal there with all the fraud that's committed to get those big & easy refunds, and that shit's been going on as long as I've been banging out 1040's, so the order of magnitude is comparable between these two things.
Posted by: Raj   2021-12-29 00:24  

00:00