August 4, 2022
What exactly did the COVID relief money fund, anyway?
By Brian Vukadinovich
The wasteful spending by our government is no big secret, as it has unfortunately been going on forever, but I just came across some information that brought out government wasteful spending practices to rock bottom.
During COVID, the government came up with a not very well thought out idea: the "Paycheck Protection Program" (PPP). In principle, PPP sounded good, but in practice, it was a blatant abuse of the taxpayers' money to the extent that it enriched the bank accounts of multimillion-dollar law firms. The government actually used the taxpayers' hard earned money to make the already rich lawyers even richer, via a very underserved windfall for doing absolutely nothing but filling out a form.
A mind-boggling 200,503 businesses in the so-called "Offices of Lawyers" industry received a total of $16.4 billion of taxpayers' money in this money-squandering program. The criteria for the law firms to receive this money was minimal, almost to the point that it was a joke. The PPP was a loan designed to provide a direct incentive for "small businesses" to keep their workers on payroll.
What the public wasn't told was that this program was going to funnel $16.4 billion into the bank accounts of rich law firms who obviously didn't need the money. Many high-profile law firms around the country received as much as $10 million per firm, and numerous firms received several hundreds of thousands of dollars each. The law firms who received this are shown here.
more
https://www.americanthinker.com/blog/2022/08/what_exactly_did_the_covid_relief_money_fund_anyway.html
