Sigh, I know it's not a personal attack, but I don't shoot from the hip. You've seen my research on the Bond Bread set.
https://research.stlouisfed.org/publ...nsurance-fraud
https://s3.amazonaws.com/real.stloui...2/2012-024.pdf
On the other hand... not mentioned in my original post, but along the same lines: medicare fraud costs taxpayers $60 billion/year... in fact, Senator Rick Scott was CEO of a company that committed $300 million in medicare fraud and faced a fine of $1.7 billion.
https://www.nytimes.com/2013/12/19/u...d-economy.html
Oops... not 3%, but rather 4% - I admit my estimate was off slightly.
This article discusses the cost of the 2008 recession to U.S. citizens:
https://www.nytimes.com/2014/01/22/b...g-tallied.html
Quote:
Originally Posted by Leon
"Approximately 3% of people abuse unemployment and entitlements like welfare. That costs U.S. citizens $3.5 billion dollars ($5,000 per citizen)"
Whomever says that is ignorant. That isn't a personal attack. it is they just don't know the truth.
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