$400 billion in pandemic unemployment claims were allegedly stolen over the past year, mostly from international locations like Nigeria, Russia and China.
“Criminals may have stolen as much as half of the unemployment benefits the U.S. has been pumping out over the past year,” Axios reported Friday.
“Unemployment fraud during the pandemic could easily reach $400 billion, according to some estimates, and the bulk of the money likely ended in the hands of foreign crime syndicates — making this not just theft, but a matter of national security.”
CEO of LexisNexis Risk Solutions Haywood Talcove told Axios, “[Talcove] estimates that at least 70% of the money stolen by impostors ultimately left the country, much of it ending up in the hands of criminal syndicates in China, Nigeria, Russia and elsewhere.”
“Much of the rest of the money was stolen by street gangs domestically, who have made up a greater share of the fraudsters in recent months,” the report added.
A report reveals the nation’s pandemic response largely failed to help Americans through pandemic lockdowns. In addition to unemployment fraud, many states closed schools and business for a year or more, crushing the economy and the livelihood of millions of citizens.
The Axios report is right. The international connections with unemployment fraud are clearly a national security issue. However, we’re not only talking about national security. We’re also in a fight for the security of individual American households.
The nation’s worker shortage has hurt American businesses through elevating unemployment income to compete with the wages paid by many retail and restaurant businesses. In addition, supply chain shortages have decreased the availability of goods, increasing inflation and extending the timeline of construction and other work.
Added to the Biden administration’s record-setting spending to buy the nation’s way out of the pandemic, and the nation has struck a perfect storm of inflation, shortages, and employment problems in just the first four months of Biden in office.
Don’t forget Biden’s open border as well. With 180,000 illegal immigrants entering the nation in May, the job market will take another hit, along with many new people looking for supplies such as food and housing, while some Americans find increased safety issues as large numbers of new immigrants enter their communities.
Biden is the nation’s commander-in-chief, but he neither commanding nor serving as a chief among the myriad of problems currently inflicting the nation. Instead, he will “get in trouble” if he takes an impromptu question from a reporter and has difficulty remembering the difference between Syria and Libya during a conversation.
When the nation needs leadership the most, it is experiencing Invisible Biden and Avoidance Harris. America can only become great again when it has leadership willing to address the issues and stand for its people.
Thankfully, the 2022 midterm elections offer some hope. Conservatives are beginning to rally around new GOP leaders who are ready to do battle with the left’s radical agenda. If enough Americans show up to shift the power in Congress, maybe we won’t need to wait until 2024 to get something done.