Not OP, but here is some data: “We estimate that SBA disbursed over $200 billion... | Hacker News

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		hypothesis on April 6, 2024 \| parent \| context \| favorite \| on: Some colleges will soon charge $100k a year – how ... Not OP, but here is some data: “We estimate that SBA disbursed over $200 billion in potentially fraudulent COVID-19 EIDLs, EIDL Targeted Advances, Supplemental Targeted Advances, and PPP loans. This means at least 17 percent of all COVID-19 EIDL and PPP funds were disbursed to potentially fraudulent actors.” https://www.sba.gov/document/report-23-09-covid-19-pandemic-... IRS also covered some: https://www.irs.gov/newsroom/irs-criminal-investigation-rele...

chii on April 6, 2024 [–]

a program administered with poor oversight (may be due to time constraints or whatever reason) doesn't make that program a poor policy decision.

I think means tested welfare can backfire a lot in ways that locks people into dependency on the welfare and not look for a higher paying job.

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