Government gives ineligible homeowners billions in stimulus loans
This is the kind of thing that Rep. Darrell Issa should be investigating. I realize that he wants to avoid a lot of controversy at the beginning of the term, but this IG report from one department of government on how the stimulus money was misspent on one program should raise an alarm somewhere in the GOP. The Washington Post:
An internal Agriculture Department report says the government may have given out more than $4 billion in stimulus housing loans to ineligible borrowers.A preliminary report from the USDA inspector general made available Friday says a sample of 100 loans out of 81,000 showed that almost a third were given to ineligible borrowers - including some with income that exceeded the program limits, others who already owned homes and borrowers who purchased homes with swimming pools. The loans were paid for by the 2009 economic stimulus.
The inspector general's report says the loans precluded other, eligible borrowers from receiving the help. Based on the sample results, the report estimates that 27,206 loans worth about $4 billion - or more than a third of those granted - could be ineligible.
Fully 1/3 of the stim money for this one program was wasted. Do you think it's going to be any better in other departments, other programs?
Stay tuned...
Hat Tip: Ed Lasky
FOLLOW US ON
Recent Articles
- Katy Perry, Astronautesse and Unifying Force
- Small Business and Cybersecurity
- No One Is Above the Law—Including Letitia James
- Ready for Your Home to Become a Government School?
- Iran and the Failure of Collective Security
- Pam Bondi and the Genesis of Black Lives Matter
- Bill Maher Dines with Trump
- A ‘Hands Off’ Revealed Lots Of Anger But Not Much Coherent Thought
- Trump’s National Security Emergency Investigation Into Election Fraud Is Ongoing
- The Left’s Class Action Coup Against Immigration Law
Blog Posts
- Kilmar Abrego Garcia: The hand of Soros in the left's lionization of this illegal?
- In maniacally woke Britain, the Supreme Court recognizes biological sex
- A deplorable explains the animosity for Trump as he cleans up Biden’s messes
- Karmelo Anthony is OJ Simpson all over again
- We should beware of terrorists in suits and ties
- Karmelo Anthony’s family starts selling merch, and his fixer pushes ‘celebrity’ status with a bizarre social media video
- Harvard tells Trump to give it money or it’ll shoot the monkey
- Democrats infatuated with criminals and gang members — American citizens? Not so much
- Media scream: ‘Trump is coming for your coffee!’
- Exactly how hard do we want our legislatures to work?
- Rubio brings free speech back to foreign (and domestic) policy
- The erasure of Easter
- Red states rising
- Senator Van Hollen should get some tips from Bukele about keeping Baltimore safe
- Troll: Trump releases docs on foreign gang member a primping senator is trying to bring back from foreign prison