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Turns out more than four-year olds were getting checks.
Here's the deal.
Seems like everyone was in on this deal.
Even Americans who shouldn't have been.
Even those who weren't…Americans.
No less than the Treasury Inspector General for Tax Administration saying that homebuyer tax credit program was the equivalent of a Pez dispenser.
Only each Pez was worth about 8,000 bucks.
And the government all but saying, you want the candy, you got the candy!!
Now, the not so sweet results.
J. Russell George telling me exclusively on Fox that the fraud was so rampant, so widespread, so un-checked, and so under-reported that he's only now "guesstimating" the abuse at half a billion bucks.
Half a billion bucks!!
And that could be conservative.
But the inspector general clear…this thing became a mess.
Bigger than stimulus bucks that went out to dead people.
Or thousands of checks that went out to prison inmates.
Or thousands of prescriptions that went out to corpses.
Some of them written by doctors who were also corpses.
Dead serious, this is a dead mess.
And this homebuyer tax credit program…perhaps the dead zone epicenter of the dead mess itself.
Fraud on such a massive scale, that if Mr. George is right, had IRS agents themselves, among the abusers.
And this is about a lending program that was supposed to help first-time buyers get a home.
A noble goal. And for the government, a noble effort.
But one abused by folks far from noble, and administered by a bureaucrats clearly far from even competent.
Cavuto: We’re Being Left Out of the LoopGun buyers, dealers blast NYC report
