Minnesota Fraud - The Tip of the...

Minnesota Fraud - The Tip of the Iceberg

Ramblings of an Old fart. - di Craig Warren

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What we are seeing in Minnesota is just the Very Small tip of a very large iceberg. If we use their numbers and extrapolate for a national figure we are a over a halt a Trillion dollars and I think in the final analysis it will be much larger.. However we have other contributing factors that make it much worse than just the amount of the Fraud. I call this whole thing the 4 whammy's

1- the fraud itself

2- The interest. We are in deficit spending in the U.S. so in fact every dollar stolen is borrowed money.

3-We have at ;east 14 states who are projected to have deficits this year so they will intern have to pay interest on their shortfalls.

4- Much of the fraud money is being sent out of the country according to FBI investigations. According to econ ... 

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