This nonsense on the U.S. Treasury recovering a single United States Dollar is unfathomable.
Wake me up in 49 years when they (might) recover a penny.
They do nothing but print and print and print and the devaluation (of the purchasing power) of your dollars continues on it's merry way.
Care to guess which way the purchasing power of your money is going?
96% of Americans couldn't tell you what purchasing power is or devaluation of money or what the United States Treasury does or the reason for $2 dollar bills other than for Dream Katt!
(I made that up)
America, (taxpayers anyway) read this and weep.
Today, the SBA referred 562,000 borrowers to @USTreasury for collection on $22.2 BILLION in potentially fraudulent pandemic-era loans, marking the LARGEST debt referral in SBA history. The action ends a yearslong de facto amnesty scheme by the Biden SBA, which refused to refer the portfolio to either Treasury or DOJ, even though the loans were both delinquent and internally flagged for suspected fraud. Under the protection of the Biden Administration, none of the borrowers were compelled to repay their debts and fewer than 1,000 faced any inquiry from law enforcement until today. This historic referral would not have been possible without the strong support of the White HouseAnti-Fraud Task Force. SBA is deeply grateful for the leadership of
@VP , @AFergusonFTC,
and the partnership of both Treasury and DOJ - which now has the files for review. At the SBA, we will continue working to claw back every dollar of PPP and COVID EIDL funding owed to American taxpayers. And we will work in lockstep with the Task Force to bring accountability to every criminal who defrauded America’s small businesses.
