The federal government’s multi-trillion-dollar “stimulus” efforts during the pandemic may go down as the biggest legislative failure in modern American history. Congress spent an astounding $42,000 per federal taxpayer (do you know anyone who received anywhere near that much in benefits?) and only successfully “stimulated” inflation. What’s more, evidence continues to mount that the biggest beneficiaries of this binge were criminals and fraudsters.
A new analysis from the American Enterprise Institute’s Matt Weingarten reports that the state of Illinois lost half of the money it sent out in expanded pandemic unemployment benefits to scammers.
Illinois’s inspector general reports that the level of fraud it experienced was “unprecedented” and amounted to more than $1.8 billion lost.